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Economic Order in Anarchy, can it endure_

Economic Order in Anarchy, can it endure_ - Economic Order...

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Unformatted text preview: Economic Order in Anarchy? Can it Endure? 04/02/2008 16:38:00 ← OUTLINE • Liberal International Economic Order (LIEO) • LEIO as a public good • Cooperation after hegemony? ← ← Liberal International Economic Order (LIEO) • Set of regimes established after WWII to promote monetary stability and the free flow of trade and capital o WTO/IMF/World Bank ← • spurred by globalization and interdependence • ← Commercial Liberalism ← Optimistic • Humans naturally want to cooperate • Trade can benefit all and promote peace • Absolute gains of trade more important than relative gains ← ← Mercantilism ← Pessimistic • Government regulates economy to increase power and security • Economy is subordinate to needs of state • Trade: relative gains more important than absolute gains • International politics as zero-sum game Has become less and less popular and is being replaced by neo-liberal thought LIEO as a Public Good...
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Economic Order in Anarchy, can it endure_ - Economic Order...

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