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Global Political Economy with Reference to the United Kingdom and United States - Research Proposal Example

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This paper explores the role of the state in the era of globalization and the relevant developmental consequences of this within the global political economy. The main concept is to discuss the changing conceptions of the role of the state, a trend in relation to the IMF and the World Bank. …
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Global Political Economy with Reference to the United Kingdom and United States
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Download file to see previous pages The thesis concludes that this impetus is not based mainly upon the "fear of another communist takeover" which is still a Western Nightmare but that there is a more profound political and economic agenda underlying the efforts of the UK and the US to re-establish themselves at the heart of multilateral action through international agencies.
This dissertation will rely heavily on Documentation review and a critical analysis of the Post cold war propaganda through the electronic and print media. Peer-reviewed journals and political views will be searched through the Athens Server, The EBSCO host, and the Proquest Portal. However, the necessity for interviews is still tentative based upon the suitable search for an intellectual who will add to my political research and insight.
The main concept is to discusses the changing conceptions of the role of the state,a trend especially dominant in the nineties particularly in relation to the institutions like IMF and the World Bank (hereafter referred to as the Bretton Wood institutions or BWI's) Also discussed in the paper will be the role of Market-Friendly Policies (MFP's)in de-emphasizing the role the State in the interests of promoting long term and efficient economic development. MFP's typically related to low rates of inflation, prudent government spending, high rates of investment and a healthy trend of market liberalization. The Post World War II approach of the BWI's was based upon a much smaller role for the state following the era of the large-scale globalization (so characteristic of the post-cold war years) This was largely a response to the state-controlled economy' of the USSR which turned out to be an economic and political disaster. The post world war agenda of the US and UK based BWI's was to discourage world political economies from any interference in the Economic system, and this new policy was nicknamed as the "Washington Consensus," a term coined by John Williamson, who defined his own set of reforms he believed that the policymakers in Washington should propose for Latin America, which included trade liberalization and the privatization of inward Foreign Direct Investment(FDI).  ...Download file to see next pages Read More
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