Week 2

Question 1

Economic Nationalism (realism)

Answer 1

protection of national economy (support own economy also not to be dependant on other countries), pretence that international economy is anarchical.

Question 2

Economy from a liberal perspective

Answer 2

Focus: Cooperation, economic progress through interaction. Economic interdependence will create harmony.

Question 3

Liberal ideology - Gulpin

Answer 3

Markets rise to satisfy human needs (natural process). Individuals have complete information to make economic choices. Economics should be governed by law of demand

Question 4

Relation ship between politics and economics according to realism

Answer 4

Politics determine economic life

Question 5

Relationship between politics and economics according to Liberalism

Answer 5

Both develop separately from each other

Question 6

Relationship economics & politics according to marxism

Answer 6

Economic life determines political life

Question 7

Realist economics

Answer 7

Primacy of power (balancing)

Question 8

Harmony of interest

Answer 8

Liberal belief about economics

Question 9

Capitalistic Peace

Answer 9

liberal, open economies foster mutual dependence
and peacability

Question 10

What do state policies reflect according to liberalist?

Answer 10

Preferences of individuals

Question 11

Pluralist politics

Answer 11

the view that in liberal democracies power is (or should be) dispersed among a variety of economic and ideological pressure groups and is not (or should not be) held by a single elite or group of elites