The Realism Theory in Relationships of State. - Free Essays.

The three main theories used in international political economy are constructivism, realism and idealism or liberalism. Scholars commonly use the theories to explain economical events in the international political economy.

International Political Economy (IPE) is the rapidly developing social science field of study that attempts to understand international and global problems using an eclectic interdisciplinary array of analytical tools and theoretical perspectives. IPE is a field that thrives on the process that Joseph Schumpeter called “creative destruction.

Realism and Fareed Zakaria Domestic Politics A Review Essay Jack Snyder, Myths of Empire: Domestic Politics and International Ambition. Ithaca N.Y.: Cornell University Press, 1991. in the literature of in-ternational relations, it is fast becoming commonplace to assert the impor-tance of domestic politics and call for more research on the.

Realism, liberalism, and Marxism are all different perspectives that can be used to analyze situations and aid government officials to understandings and agreements in relation to trade.

Strengths And Weaknesses Of Realism In International Political Economy Classical Realism, with its implication that humans are intrinsically evil, is often characterized as a pessimistic analysis of human nature. While this characterization is undeniably true, Classical Realism should not be reduced to merely a cynical view of politics.

Realism is one of the dominant schools of thought in international relations theory, theoretically formalising the Realpolitik statesmanship of early modern Europe.Although a highly diverse body of thought, it is unified by the belief that world politics is always and necessarily a field of conflict among actors pursuing power.

This chapter examines the three most important classical theories within the field of International Political Economy (IPE): mercantilism, economic liberalism, and neo-Marxism. It also considers the relationship between politics and economics, and between states and markets in world affairs, that IR has to be able to grasp. It suggests that IPE is about wealth and poverty, about who gets what.

Realism can be seen in the international political economy through mercantilism, also known as economic realism. The goal of mercantilism was to build economic wealth as an instrument of state power. Throughout history mercantilist policies have included high tariffs and discouraged foreign investment in the name of achieving national self-sufficiency.

Realism is perhaps the oldest among the three views in International political economy. It used to be called statism and mercantilism when it was in its early stages of development. Its rise as a theory coincided with the advent of big powerful sovereign states that in the fifteenth century.

The objective of this paper is to discuss liberalism and realism as a matrix for political economy. The paper converses the features of liberalism and realism in international relations. It also draws comparism between liberalism and realism with respect to political economy.