PST Mercantilism and Liberalism Flashcards
According to Watson, what is the ‘tripartite pedagogical framework’ and his attitude towards it?
The tripartite/trichotomy is the emphasis is the domination of liberalism, realism and Marxism in IPE. He claims that it forces students to adopt one of the ideologies as opposed to critiquing the structure.
What does the property-centric approach presume?
It is a positivist approach that naturalises the systematic organisation of life around property and the state. Human nature is inherently egotistical
What is PST useful for?
It is useful for addressing issues within an identifiable and confined framework, and attempting to advance solutions.
In other words, focuses on the symptoms of the problem.
What are the main characteristics of the radical anti-status quo theory?
It has no presumed origins, visions or defined actors. It is reactive, evaluates existing power dynamics and presents alternatives forms of pol organisation.
What does radical regime presume?
The behaviour of human nature is not inherently selfish but naturally peaceable, structures to blame. Rather, social mobilisation can subvert political structures. Social ranks linked to the economy.
What is mercantilism?
It assumes the state as the dominant actor which should govern the economy, especially for itself at the expense of other states.
What are three assumptions of mercantilism?
Anarchy, limited resources and constant state of conflict - competition and selfishness as a means to secure resources.
What is liberalism?
Market-centric perspective - market should be unrestrained and a win for one state is a win for all.
What are three assumptions of liberalism?
Minimum market interference, economic prosperity through Invisible Hand and interstate cooperation.
What is the difference between the zero-sum and positive-sum game?
Zero-sum: each gain/loss is in direct correlation to other states.
Positive-sum: a gain is a gain for the global system.
How do mercantilism and liberalism differ in their approaches to the economy?
Mercantilism: approaches the economy through state-driven regulation to maintain national resources - in a competitive international sphere.
Liberalism: economy is unregulated and can promote inter-state growth n prosperity.
