POLS 2940 Study Guide - Final Guide: International Political Economy, Liberal Democracy, International Financial Institutions

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Document Summary

What is the difference between r realism/ liberalism, neo- These classes are the relation of people to the means of production. Your relation to the labour that has to be done for our society to function. Economic globalization is both intensified interdependence created by the global economy. Nation-state remains important regulators of globalization, but is losing power over the economy. Economic globalization is an uneven, hierarchal process, where economic powers are increasingly concentrated in leading industrialized countries. It does not matter who is in power because the state behaves same way in order to secure its interests. Economic market and institutions are important than military power. Interest to maximize power as much as possible and maximize the physical security of the state. Willing to invest in economic recovery and accepts government intervention. Neo-realists state that they are concerned with issues of survival. They claim that neo-liberals are too optimistic about the possibilities for cooperation among states.