POSC60.2 - POSC 60 Robert Shelledy Fall Semester 2007 1....

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: POSC 60 Robert Shelledy Fall Semester 2007 1. Liberalism vs. Mercantilism There are many different ideologies and theories to consider when approaching the international economic relations of a developing country. The economy of a developing county deserves a unique analysis; the concerns should lie in accumulating wealth in the country and creating a stable market. For this reason, a developing economy should be approached with a liberal ideology rather than mercantilists in order to take advantage of shared interests, the free market, and accumulation maximum wealth possible for their country. A fundamental difference between mercantilism and liberalism is liberal’s utilization of shared interests in contrast to the advantage mercantilist achieve through conflicting interests. Through utilizing shared interests, a developing country would be able to strengthen their economy while developing good relationships with other countries. Through these relationships, greater economic gains can be realized than what would occur if the state acted on it’s own.greater economic gains can be realized than what would occur if the state acted on it’s own....
View Full Document

This essay was uploaded on 04/07/2008 for the course POSC 60 taught by Professor Shelledy during the Fall '07 term at Marquette.

Ask a homework question - tutors are online