Mercantilism also know as economic nationalism considers national interests and states struggles for riches and ascendance as the main influences in IPE. Based on realism, its proponents consider that every state must capitalize on its wealth and independence (Zero sum game). This is done by ensuring self abounding in strategic industries as well as qualification use tariffs for trade protectionism and limits on imports and exports.
On the other authorize the essence of the liberal ideology lies in its commitment to discharge market and its proponents believe it enhances efficiency, economic growth and individual well-being (Gilpin, 1987:28). Liberalists are of the assumption that a market exists and individuals have enough information which allows them to make informed choices (positive sum game).
This they argue allows consumers to react to price signals leading to flexibility in the economy which will be shown through patterns of production, consumption and networks of commercial organizations ( Gilpin, 1987:56).
In demarcation Structuralists talk about the class struggles and social disequilibria which are discernable in social and political phenomena (Gilpin, 1987:35). There is an argument that in international traffic this description of class relations indoors a capitalist system has been applied to describe relations between the core and periphery and the unequal exchange which occurs between the two (negative sum game).
Dependency theorists describe the ways classes and...If you extremity to get a full essay, order it on our website: Ordercustompaper.com
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