Unformatted text preview: Relative power is still the major issue in play for realists. Liberals argue that an outward-first approach should be taken. States should cooperate and coordinate economic policies at the international level, and then bring their domestic economies in line – the liberals are more willing to allow the erosion of state sovereignty in the name of mutual benefits. Identity theorists examine the goals being pursued by economic policy and evaluate whether these goals are good for a wide range of international issues. Identity theorists will focus, for example, on the effect of the Washington Consensus on the developing world, the possibility of pursuing sustainable development policies, what ideologies are driving the international economy, etc....
View Full Document
This note was uploaded on 11/18/2011 for the course POLISCI 1003 taught by Professor Olson during the Fall '11 term at GWU.
- Fall '11