Pros And Cons Of Neo-Liberalism

The largest events and processes in the international life of the twentieth and beginning of the twenty first century, such as the formation of the United Nations; the development of integration processes in Europe, America and Asia; the growth of economic, political and cultural globalization; led to the strengthening of the influence of international relations, the development of world politics and the manifestation of global processes in the life of every society and every person. Moreover, the development of international studies equips the researchers with an understanding of the meaning of all those events that are taking their place in the world, hence, anticipating the further evolution. Meanwhile, international relations remain a sphere accompanied by disputes and mutual criticism of existing approaches. This is conditioned by the fact that the object of research is in the process of constant changes. Thus, the main aim of the assignment is to explain the ways the international relations theories may be helpful in studying and understanding the events of the twenty first century. To begin, it is important to note that the world politics has emerged at the intersection of theoretical studies in the field of international relations postulating the integrity of the political system of the world. Such an emergence has happened with the significant contribution of the neoliberal tradition to understanding the fundamental changes, the notions of the interrelation of foreign and domestic policies, international political economy, analysis of international organizations, political science, and research on comparative political science (Walt 1998, 3). It means that the totality of theoretical approaches in international studies is a rather mosaic conglomerate. Dominant place in the analysis of international relations belongs to realism and neo-liberalism. Realism remains the dominant paradigm in all transformations of content and insists on the adequacy of its main provisions to contemporary international realities (Crawford 2000, 98). These provisions include such components as the conflictness of international relations, the presence of national interests as the basis of world politics, the role of power and the effectiveness of force as ways to achieve and retain the power, etc. For the theory of political realism, the concept of interest that is defined in terms of power is central, while the concepts of balance of power and geopolitical strategy are also playing important roles. In neo-realism, these accents are biased. Defending the structural understanding of power, neo-realism does not reduce the balance of power to the military component, but includes economic, information-communicative, scientific, financial and production components (Glickman 2010, n.p.). The essence of the realistic approach lies in its characteristic understanding of world politics as an uncompromising struggle of states for power and influence. One of the important features of a realistic worldview is the belief that objective laws that are long-term in nature govern international politics. Therefore, politics can be studied by scientific methods, and practical policies should be built rationally, that is, based on the knowledge gained. Exploring the way, realism and neo-realism may help to study and understand the twenty first century, it becomes obvious that since the conflict of the international system is rooted in its nature, it is only partially restrained by international law, institutions and moral norms. The condition for the peaceful coexistence of states is the maintenance of a balance of power, and vice versa, its violation leads …show more content…
It is considered possible to create effective collective security systems within the international system. This is facilitated by economic cooperation and the growing interdependence of states. In such a way, the liberals think that the state must rely on moral principles, avoiding the traditional policy of force and orientation toward different coalitions. Supporters of the liberal paradigm offer to overcome anarchy and violence by concerted political actions.
To continue, it should be stated that neo-liberalism differs significantly from the canonical liberal-idealistic paradigm. Its main characteristic is the recognition of the need for partial state participation in the regulation of socio-economic processes. This is the main difference between neo-liberalism and classical liberalism, which proclaimed the principle of total non-interference of the state in the socio-economic life of society. Neo-liberals, therefore, consider international cooperation not only possible, but also necessary for achieving stability, social progress and world