Nobody downloaded yet

Global Political Economy:a critical review of its theoretical approaches - Essay Example

Comments (0) Cite this document
The spread of free market capitalism throughout the world today is quite unprecedented and it is no doubt aided by liberalism and the globalization of trade and finance because of only one superpower nation in the world…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Global Political Economy:a critical review of its theoretical approaches
Read TextPreview

Extract of sample
"Global Political Economy:a critical review of its theoretical approaches"

Download file to see previous pages However, America itself is also influenced and even under the same threats that confront other nations resulting from globalisation. It is not a simple issue to deal with, as America finds its ability to manoeuvre paradoxically limited, constrained by global forces outside its control. However, globalisation helps spread the ideals of liberalism of good governance, representative democracy and the benefits of free and fair trade to all peoples. Globalisation must be pursued because it offers the best chance for continued world peace although it has its many drawbacks too, such as the marginalisation of a large proportion of the labour sector. Liberal policies anchored on free and fair trade can spread the benefits of globalisation (a rising tide lifts all boats) but those left out must be given the chance to share in the wealth being created and international security concerns must be addressed as well. Discussion In an article entitled “Globalization, American Power, and International Security,” Kirshner argues globalization is simply not the usual relations between two or more states; it refers to the emergence of unorganised and stateless forces which in turn affect nation-states. His view is that globalisation is not inevitable or irreversible; it is not new also, as the world had seen it centuries before in different forms. Globalisation makes it expensive for states not to embrace it if they will resort to protectionism (Gills, 2013:35). A key consideration is states resisting globalisation will end up marginalised, which makes joining a more compelling and logical option instead. A noteworthy feature of globalisation is the unique role of America in its status as sole superpower from the comparative political perspective (Lijphart, 1971:685); it is the one country able to influence globalisation, with a lot of options available to it (Kirshner, 2008:366). An example is a pre-emptive (preventive) war it pursues against rogue states (Silverstone, 2012:15); another example is globalisation is the result of an American policy of benign permissiveness (Kirshner, 2006:4). America cannot claim complete military or economic hegemony. Globalisation altered the relations between states, their capacities to intervene against market forces, social pressures, and non-state actors, and also created new opportunities for armed conflicts by entrepreneurs of political violence. But this possibility is limited by the reduced gains from any territorial conquest, which is due to the globalisation of finance, trade, and production facilities. It is a disincentive to go to war and instead places a premium on negotiation and cooperation. The existence of global banks, lending institutions, and credit rating firms makes a conventional war unlikely. This article by Kirschner emphasizes globalisation in terms of its security implications, the processes it undergoes, and political context in which it occurs. Admittedly, the United States of America as sole superpower is in an enviable position of dictating globalisation to its own liking, but this has unforeseen consequences. One compelling selling point of globalisation is that a “rising tide will lift all boats” but this is not true in all instances; some nations found themselves at the losing end of globalisation as they cannot cope with both deregulation and privatisation through economic liberalisation. The benefits of globalisation did not accrue to everybody (Bothmer, 2007:133). Even America itself cannot translate its sole superpower status into concrete economic gains or ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Global Political Economy:a critical review of its theoretical Essay”, n.d.)
Global Political Economy:a critical review of its theoretical Essay. Retrieved from
(Global Political Economy:A Critical Review of Its Theoretical Essay)
Global Political Economy:A Critical Review of Its Theoretical Essay.
“Global Political Economy:A Critical Review of Its Theoretical Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Political Science - Globalization and Democracy Critical Review
The relationship between globalisation and the systems of governance is analysed in the following two articles: a) the article of Cerny (1999), under the title ‘Globalisations and the Erosion of Democracy’ and b) the article of Hirst and Thompson (2002), under the title ‘The Future of Globalisation’; both the above articles focus on the role of globalisation in the systems of governance introduced in countries internationally.
4 Pages(1000 words)Essay
Critical review of ITS (Intelligent Transport Systems)
Indeed, the relationship between transportation and economic development cannot be understated, knowing that transportation is very instrumental in all facets of the comprehensive economic progression cycle (Peirce and Curtis, 2008). Through an effective transport system, movement of logistics, services, goods, resources and people is made possible to ignite the economic and business paradigm for growth.
10 Pages(2500 words)Essay
Theoretical Approaches to International Development
A Critical Review of Theoretical Approaches to International Development International development strategies have been faced with criticism because their approaches to alleviate poverty and reduce inequality are not producing results. International development parameters considered are believed to be major causes of differences in analysing development.
3 Pages(750 words)Essay
Critical Approaches
Realism makes the best insights in the explanation of the world and the international relations compared to the other approaches namely idealism, Marxism, feminism, ecological, eco-feminist, and post-modern approach. However, realism worst failing is the high
1 Pages(250 words)Essay
Comparison of Theoretical Approaches
Without any doubt, most analysts view Realism and Liberalism as mainstream approaches while Marxism and Feminism fall under critical approaches. This paper seeks to
1 Pages(250 words)Essay
Analyze how Nguyen Du uses an element of literature to develop a theme in THE TALE OF KIEU
They are the ones of love, morality and inevitable fate. That is why The Tale of Kieu is really worth paying attention to. Moreover, its author frequently resorts to the use of imaginary in order to introduce the characters to the readers. For example, the imaginary of nature is applied very often.
3 Pages(750 words)Essay
Physical Challenge
It is true to say that empirical data relies on the shared belief of the human mind. The cognitional theory helps us to explain this.
2 Pages(500 words)Essay
A Critical Review of Theoretical Approaches to GPE
IPE or GPE is a rapidly developing field of interdisciplinary studies or of related approaches which seeks to understand the international or global issues besetting a nation or nations through the use of
4 Pages(1000 words)Essay
Theoretical Approaches to Counselling
In the following paper I am going to describe two of the above mentioned approaches including person-centered counseling approach and psychodynamic approach. Strengths and limitations of both approaches are analyzed as well as the theoretical aspect is presented.
8 Pages(2000 words)Essay
In relation to class and prosperity of an individual, it depicts Emily as fallen from affluence and Tobe as one who is as a socioeconomically depressed person. This is
1 Pages(250 words)Essay
Theoretical Approaches
ficiency within a given industry, it is essential for business people to be able to analyze how various organizational theories can strengthen or weaken organizational culture. Effective implementation of organizational change is necessary in making a business organization
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Global Political Economy:a critical review of its theoretical approaches for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us