Chapter 4.5 Contemporary neo-Marxist theory Flashcards
Who are the two important proponents of neo-Marxist theory of international political economy?
Immanuel Wallerstein and Robert Cox
How did Wallerstein explains global capitalism?
a coherant, historically grown system. Ruled by single logic based on capitalism which encompasses both the realms of international economics and international politics
How did Wallerstein depart from Marxists thoughts?
The role of state and the potential for change
Explain Wallerstein role of state
state plays a central role in maintaining the global capitalist order.
Capitalism and state systems are two side of a single coin
Explain Wallerstein potential for change
recognises potential for movement between the economies of the centre and the periphery
by introducing category of semi-periphery, seeks to account for countries of South that had managed to advance or have fallen behind
What remained unchanged in Wallerstein thinking from Marxism?
polarised international structure where global exploitation and underdevelopment remains unchanged/
What are the critics for Wallernstein’s thinking?
concept of semi-periphery overstates the stabilising role that semi developed economies area meant to play in the international economy
What did Robert Cox put forward?
theory of the evolution of international hegemonic orders in the modern era.
Attributes to greater role of states, hegemonic states in particular.
How did Robert Cox explains the resilience of the capitalist order against Marxist predictions of its imminent collapse?
To stabilise hegemonic order and make it legitimate, it needs to be based on consensus and widely accepted by other states and civil society at large.
The hegemonic bloc that underpins the international order thus rests not only on a collusion of political and economic forces, but also includes key elements of civil society.
