Theory Matters Flashcards
who created the trichotomy of IPE theory
gilpin
explain trichotomy
- Three ideologies- positioned as equal, but competing views
* Self-contained, coherent approaches/explanations
what are the three ideologies from GIlpin
realism
liberalism
constructivism
what is realism also known as
statism, mercantilism
what is liberalism also known as
institutionalism
what is constructivism also known as
CRITCAL IPE , marxism, feminism, world systems theory and dependant theory, gramscian theory
what are the 3 critiques of the trichotomy
- Problematic ‘presentism’: Gilpin selected only ideas that dominant + influential during 70s
- Reproduces IR’s ills: Eurocentrism of IR theory (lacked representation in theory), and IR’s foundations in scholars’ attempts to maintain imperialist hierarchy
- Highly reductionist: ignores nuances + interpretations, how ideas changed over time
what is the main actor in statism
state
explain statism
- Anarchical environment: duty of each state to protect own state
- Policy made to support and maintain power- devising strategies to enhance short term economic bargaining power
- How one state seeks to impose national interest at expense of another (through bargaining- i.e. can be then applied to bargaining situations involving international trade, FDI, cross- border production
why did statism emerge
Emerged in the context of the expansion of European empires
• Friedrich LIst
• Overlooks List’s concern with balancing short- and long-term goals in economic planning
o National economy interest shaped by strategies, which are weighed up of long term
planning and short term gain
o Balanced through trade offs
o Employed through some protectionist policies-
limitations of statism (3)
• Short term focus (overlooking Lists’ long term),
o how economic planning coordinated and managed over time in accordance to different competing interests within a country
• Narrow focus on states as unit of actor, reductionist
• Methological nationalism- coherent states that stand over societies and act on them
o However states cant be assumed to have single national interest
o Governments have limitation as to the public support over certain policies
main actor of liberalism
individuals
- rational utility maximizing actors- through markets individuals maximize gains of society
o Pursuit of self interest through interest
o // removes constraints that don’t allow individuals to maximize interests (reduce state intervention)
why did liberalism emerge
as a critique of statist policies in the late 1800s, arguing that goal of self-sufficiency through empire had detrimental effects
• Argues states can cooperate for mutual gain (not entirely self-pleasing purposes)
• War emphasizes these ideas
o Design institutions that facilitate cooperation and remove statist policy
o Bretton woods
o Rolling back of government regulations
explain smiths input (and what was ignored) in liberalism theory
• Smith: ‘invisible hand’ = directive for contemporary economic governance
• but Smith not simply arguing for the transfer of authority from the state to the market
o But governments indispensable in running of markets – i.e. outlawing certain market-bound behaviours bc of their antisocial consequences
• Was not against gov but against corruption of gov
• ‘virtue of self command’
o Specialisation of labour has social benefits i.e. dividing production
• Need to act in socially acceptable ways + understand hardhip of others
• Cost- limit mental stimulation repeating task
Limitations
limitations of liberalism
- Ahistorical - always been markets but Global market is recent and not considered
- History of Political conflict that shape how markets form and function not considered
- Reductionist approach