GLOBALISATION OF BUSINESS, Syed Sajid [reading in the dark .txt] 📗
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and monetary and fiscal policy. Other distinctions include: between positive economics (describing "what is") and normative economics (advocating "what ought to be"); between economic theory and applied economics; between mainstream economics (more "orthodox" dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" dealing with the "institutions-history-social structure nexus") and between rational and behavioral economics.
International relations
International Relations (IR) (occasionally referred to asInternational Studies (IS)) [1] is the study of relationships between countries, including the roles of states, inter-governmental organizations (IGOs), international nongovernmental organizations (INGOs), non-governmental organizations (NGOs) and multinational corporations (MNCs). It is both an academicand public policy field, and can be either positive or normative as it both seeks to analyze as well as formulate the foreign policy of particular states. It is often considered a branch of political science (especially after 1988 UNESCO nomenclature), but an important sector of academia prefer to treat it as an interdisciplinary field of study.
Apart from political science, IR draws upon such diverse fields aseconomics, history, international law, philosophy, geography,social work, sociology & social sciences, anthropology,psychology, women's studies/gender studies, and cultural studies/ culturology. It involves a diverse range of issues including but not limited to: globalization, state sovereignty, ecologicalsustainability, nuclear proliferation, nationalism, economic development, global finance, terrorism, organized crime, human security, foreign interventionism and human rights.
The history of international relations is often traced back to the Peace of Westphalia of 1648, where the modern state system was developed. Prior to this, the European medieval organization of political authority was based on a vaguely hierarchical religious order. Westphalia instituted the legal concept of sovereignty, which essentially meant that rulers, or the legitimate sovereigns, had no internal equals within a defined territory and no external superiors as the ultimate authority within the territory's sovereign borders. A simple way to view this is that sovereignty says, "I'm not allowed to tell you what to do and you are not allowed to tell me what to do." Classical Greek and Roman authority at times resembled the Westphalian system, but both lacked the notion of sovereignty.
Westphalia encouraged the rise of the independent nation-state, the institutionalization of diplomacyand armies. This particular European system was exported to the Americas, Africa, and Asia viacolonialism and the "standards of civilization". The contemporary international system was finally established through decolonization during the Cold War. However, this is somewhat over-simplified. While the nation-state system is considered "modern", many states have not incorporated the system and are termed "pre-modern".
Further, a handful of states have moved beyond the nation-state system and can be considered "post-modern". The ability of contemporary IR discourse to explain the relations of these different types of states is disputed. "Levels of analysis" is a way of looking at the international system, which includes the individual level, the domestic nation-state as a unit, the international level of transnational and intergovernmental affairs, and the global level.
What is explicitly recognized as International Relations theory was not developed until after World War I, and is dealt with in more detail below. IR theory, however, has a long tradition of drawing on the work of other social sciences. The use of capitalizations of the "I" and "R" in International Relations aims to distinguish the academic discipline of International Relations from the phenomena of international relations. Many cite Thucydides' History of the Peloponnesian War as the inspiration for realist theory, with Hobbes' Leviathan and Machiavelli's The Prince providing further elaboration.
Similarly, liberalism draws upon the work of Kant and Rousseau, with the work of the former often being cited as the first elaboration of democratic peace theory. Though contemporary human rights is considerably different than the type of rights envisioned under natural law, Francisco de Vitoria, Hugo Grotius and John Locke offered the first accounts of universal entitlement to certain rights on the basis of common humanity. In the twentieth century, in addition to contemporary theories of liberal internationalism, Marxism has been a foundation of international relations.
Study of IR
Initially, international relations as a distinct field of study was almost entirely British-centered. IR only emerged as a formal academic ‘discipline’ in 1918 with the founding of the first ‘chair’ (professorship) in IR - the Woodrow Wilson Chair at Aberystwyth, University of Wales, rapidly followed by establishment of IR at US universities and Geneva, Switzerland. from an endowment given by David Davies, became the first academic position dedicated to IR. In the early 1920s, the London School of Economics' department of International Relations was founded at the behest of Nobel Peace Prize winner Philip Noel-Baker.
The first university entirely dedicated to the study of IR was the Graduate Institute of International Studies (now the Graduate Institute of International and Development Studies), which was founded in 1927 to form diplomats associated to the League of Nations, established in Geneva some years before. The Graduate Institute of International Studies offered one of the first Ph.D. degrees in international relations. Georgetown University's Edmund A. Walsh School of Foreign Service is the oldest international relations faculty in the United States, founded in 1919. The Committee on International Relations at the University of Chicago was the first to offer a graduate degree, in 1928.
Theory
Main article: International relations theory
IR theories can be roughly divided into one of two epistemologicalcamps: "positivist" and "post-positivist". Positivist theories aim to replicate the methods of the natural sciences by analysing the impact of material forces. They typically focus on features of international relations such as state interactions, size of military forces, balance of powers etc. Post-positivist epistemology rejects the idea that the social world can be studied in an objective and value-free way. It rejects the central ideas of neo-realism/liberalism, such as rational choice theory, on the grounds that the scientific method cannot be applied to the social world and that a 'science' of IR is impossible.
A key difference between the two positions is that while positivist theories, such as neo-realism, offer causal explanations (such as why and how power is exercised), post-positivist theories focus instead on constitutive questions, for instance what is meant by 'power'; what makes it up, how it is experienced and how it is reproduced. Often, post-positivist theories explicitly promote a normative approach to IR, by considering ethics. This is something which has often been ignored under 'traditional' IR as positivist theories make a distinction between 'facts' and normative judgments, or 'values'.
During the late 1980s/1990 debate between positivists and post-positivists became the dominant debate and has been described as constituting the Third "Great Debate" (Lapid 1989).
Positivist Theories
Realism
Realism focuses on state security and power above all else. Early realists such as E.H. Carr and Hans Morgenthau argued that states are self-interested, power-seeking rational actors, who seek to maximize their security and chances of survival. Cooperation between states is a way to maximize each individual state's security (as opposed to more idealistic reasons). Similarly, any act of war must be based on self-interest, rather than on idealism. Many realists saw World War II as the vindication of their theory.
It should be noted that classical writers such as Thucydides, Machiavelli, and Hobbes are often cited as "founding fathers" of realism by contemporary self-described realists.[citation needed] However, while their work may support realist doctrine, it is not likely that they would have classified themselves as realists (in this sense of the term). Realists are often split up into two groups: Classical or Human Nature Realists (as described here) and Structural or Neorealists (below).
Political realism believes that politics, like society in general, is governed by objective laws that have their roots in human nature. To improve society, it is first necessary to understand the laws by which society lives. The operation of these laws being impervious to our preferences, men will challenge them only at the risk of failure. Realism, believing as it does in the objectivity of the laws of politics, must also believe in the possibility of developing a rational theory that reflects, however imperfectly and one-sidedly, these objective laws. It believes also, then, in the possibility of distinguishing in politics between truth and opinion-between what is true objectively and rationally, supported by evidence and illuminated by reason, and what is only a subjective judgment, divorced from the facts as they are and informed by prejudice and wishful thinking.
The placement of Realism under positivism is far from unproblematic however. E.H. Carr's 'What is History' was a deliberate critique of positivism, and Hans Morgenthau's aim in 'Scientific Man vs Power Politics' - as the title implies - was to demolish any conception that international politics/power politics can be studied scientifically.
Liberalism/idealism/Liberal Internationalism
Liberal international relations theory arose after World War I in response to the inability of states to control and limit war in their international relations. Early adherents include Woodrow Wilson andNorman Angell, who argued vigorously that states mutually gained from cooperation and that war was so destructive to be essentially futile.
Liberalism was not recognized as a coherent theory as such until it was collectively and derisively termed idealism by E. H. Carr. A new version of "idealism" that focused on human rights as the basis of the legitimacy of international law was advanced by Hans Köchler.
Further information: liberal internationalism
Neoliberalism
Neoliberalism seeks to update liberalism by accepting the neorealist presumption that states are the key actors in international relations, but still maintains that non-state actors (NSAs) andintergovernmental organizations (IGOs) matter. Proponents such as Maria Chattha argue that states will cooperate irrespective of relative gains, and are thus concerned with absolute gains. This also means that nations are, in essence, free to make their own choices as to how they will go about conducting policy without any international organizations blocking a nation's right to sovereignty.
Neoliberalism also contains an economic theory that is based on the use of open and free markets with little, if any, government intervention to prevent monopolies and other conglomerates from forming. The growing interdependence throughout and after the Cold War through international institutions led to neo-liberalism being defined as institutionalism, this new part of the theory being fronted by Robert Keohane and also Joseph Nye.
Further information: complex interdependence
Regime Theory
Regime theory is derived from the liberal tradition that argues that international institutions or regimes affect the behavior of states (or other international actors). It assumes that cooperation is possible in the anarchic system of states, indeed, regimes are by definition, instances of international cooperation.
While realism predicts that conflict should be the norm in international relations, regime theorists say that there is cooperation despite anarchy. Often they cite cooperation in trade, human rights and collective security among other issues. These instances of cooperation are regimes. The most commonly cited definition of regimes comes from Stephen Krasner. Krasner defines regimes as "institutions possessing norms, decision rules, and procedures which facilitate a convergence of expectations."
Not all approaches to regime theory, however are liberal or neoliberal; some realist scholars like Joseph Greico have developed hybrid theories which take a realist based approach to this fundamentally liberal theory. (Realists do not say cooperation never happens, just that it is not the norm; it is a difference of degree).
Post-positivist/reflectivist theories
International society theory (the English school)
International society theory, also called the English School, focuses on the shared norms and values of states and how they regulate international relations. Examples of such norms include diplomacy, order, and international law. Unlike neo-realism, it is not necessarily positivist. Theorists have focused particularly on humanitarian intervention, and are subdivided between solidarists, who tend to advocate it more, and pluralists, who place greater value in order and sovereignty. Nicholas Wheeler is a prominent solidarist, while Hedley Bull and Robert H. Jackson are perhaps the best known pluralists.
Social Constructivism
Social Constructivism encompasses a broad range of theories that aim to address questions ofontology, such as the Structure and agency debate, as well as questions of epistemology, such as the "material/ideational" debate that concerns the relative role of material forces
International relations
International Relations (IR) (occasionally referred to asInternational Studies (IS)) [1] is the study of relationships between countries, including the roles of states, inter-governmental organizations (IGOs), international nongovernmental organizations (INGOs), non-governmental organizations (NGOs) and multinational corporations (MNCs). It is both an academicand public policy field, and can be either positive or normative as it both seeks to analyze as well as formulate the foreign policy of particular states. It is often considered a branch of political science (especially after 1988 UNESCO nomenclature), but an important sector of academia prefer to treat it as an interdisciplinary field of study.
Apart from political science, IR draws upon such diverse fields aseconomics, history, international law, philosophy, geography,social work, sociology & social sciences, anthropology,psychology, women's studies/gender studies, and cultural studies/ culturology. It involves a diverse range of issues including but not limited to: globalization, state sovereignty, ecologicalsustainability, nuclear proliferation, nationalism, economic development, global finance, terrorism, organized crime, human security, foreign interventionism and human rights.
The history of international relations is often traced back to the Peace of Westphalia of 1648, where the modern state system was developed. Prior to this, the European medieval organization of political authority was based on a vaguely hierarchical religious order. Westphalia instituted the legal concept of sovereignty, which essentially meant that rulers, or the legitimate sovereigns, had no internal equals within a defined territory and no external superiors as the ultimate authority within the territory's sovereign borders. A simple way to view this is that sovereignty says, "I'm not allowed to tell you what to do and you are not allowed to tell me what to do." Classical Greek and Roman authority at times resembled the Westphalian system, but both lacked the notion of sovereignty.
Westphalia encouraged the rise of the independent nation-state, the institutionalization of diplomacyand armies. This particular European system was exported to the Americas, Africa, and Asia viacolonialism and the "standards of civilization". The contemporary international system was finally established through decolonization during the Cold War. However, this is somewhat over-simplified. While the nation-state system is considered "modern", many states have not incorporated the system and are termed "pre-modern".
Further, a handful of states have moved beyond the nation-state system and can be considered "post-modern". The ability of contemporary IR discourse to explain the relations of these different types of states is disputed. "Levels of analysis" is a way of looking at the international system, which includes the individual level, the domestic nation-state as a unit, the international level of transnational and intergovernmental affairs, and the global level.
What is explicitly recognized as International Relations theory was not developed until after World War I, and is dealt with in more detail below. IR theory, however, has a long tradition of drawing on the work of other social sciences. The use of capitalizations of the "I" and "R" in International Relations aims to distinguish the academic discipline of International Relations from the phenomena of international relations. Many cite Thucydides' History of the Peloponnesian War as the inspiration for realist theory, with Hobbes' Leviathan and Machiavelli's The Prince providing further elaboration.
Similarly, liberalism draws upon the work of Kant and Rousseau, with the work of the former often being cited as the first elaboration of democratic peace theory. Though contemporary human rights is considerably different than the type of rights envisioned under natural law, Francisco de Vitoria, Hugo Grotius and John Locke offered the first accounts of universal entitlement to certain rights on the basis of common humanity. In the twentieth century, in addition to contemporary theories of liberal internationalism, Marxism has been a foundation of international relations.
Study of IR
Initially, international relations as a distinct field of study was almost entirely British-centered. IR only emerged as a formal academic ‘discipline’ in 1918 with the founding of the first ‘chair’ (professorship) in IR - the Woodrow Wilson Chair at Aberystwyth, University of Wales, rapidly followed by establishment of IR at US universities and Geneva, Switzerland. from an endowment given by David Davies, became the first academic position dedicated to IR. In the early 1920s, the London School of Economics' department of International Relations was founded at the behest of Nobel Peace Prize winner Philip Noel-Baker.
The first university entirely dedicated to the study of IR was the Graduate Institute of International Studies (now the Graduate Institute of International and Development Studies), which was founded in 1927 to form diplomats associated to the League of Nations, established in Geneva some years before. The Graduate Institute of International Studies offered one of the first Ph.D. degrees in international relations. Georgetown University's Edmund A. Walsh School of Foreign Service is the oldest international relations faculty in the United States, founded in 1919. The Committee on International Relations at the University of Chicago was the first to offer a graduate degree, in 1928.
Theory
Main article: International relations theory
IR theories can be roughly divided into one of two epistemologicalcamps: "positivist" and "post-positivist". Positivist theories aim to replicate the methods of the natural sciences by analysing the impact of material forces. They typically focus on features of international relations such as state interactions, size of military forces, balance of powers etc. Post-positivist epistemology rejects the idea that the social world can be studied in an objective and value-free way. It rejects the central ideas of neo-realism/liberalism, such as rational choice theory, on the grounds that the scientific method cannot be applied to the social world and that a 'science' of IR is impossible.
A key difference between the two positions is that while positivist theories, such as neo-realism, offer causal explanations (such as why and how power is exercised), post-positivist theories focus instead on constitutive questions, for instance what is meant by 'power'; what makes it up, how it is experienced and how it is reproduced. Often, post-positivist theories explicitly promote a normative approach to IR, by considering ethics. This is something which has often been ignored under 'traditional' IR as positivist theories make a distinction between 'facts' and normative judgments, or 'values'.
During the late 1980s/1990 debate between positivists and post-positivists became the dominant debate and has been described as constituting the Third "Great Debate" (Lapid 1989).
Positivist Theories
Realism
Realism focuses on state security and power above all else. Early realists such as E.H. Carr and Hans Morgenthau argued that states are self-interested, power-seeking rational actors, who seek to maximize their security and chances of survival. Cooperation between states is a way to maximize each individual state's security (as opposed to more idealistic reasons). Similarly, any act of war must be based on self-interest, rather than on idealism. Many realists saw World War II as the vindication of their theory.
It should be noted that classical writers such as Thucydides, Machiavelli, and Hobbes are often cited as "founding fathers" of realism by contemporary self-described realists.[citation needed] However, while their work may support realist doctrine, it is not likely that they would have classified themselves as realists (in this sense of the term). Realists are often split up into two groups: Classical or Human Nature Realists (as described here) and Structural or Neorealists (below).
Political realism believes that politics, like society in general, is governed by objective laws that have their roots in human nature. To improve society, it is first necessary to understand the laws by which society lives. The operation of these laws being impervious to our preferences, men will challenge them only at the risk of failure. Realism, believing as it does in the objectivity of the laws of politics, must also believe in the possibility of developing a rational theory that reflects, however imperfectly and one-sidedly, these objective laws. It believes also, then, in the possibility of distinguishing in politics between truth and opinion-between what is true objectively and rationally, supported by evidence and illuminated by reason, and what is only a subjective judgment, divorced from the facts as they are and informed by prejudice and wishful thinking.
The placement of Realism under positivism is far from unproblematic however. E.H. Carr's 'What is History' was a deliberate critique of positivism, and Hans Morgenthau's aim in 'Scientific Man vs Power Politics' - as the title implies - was to demolish any conception that international politics/power politics can be studied scientifically.
Liberalism/idealism/Liberal Internationalism
Liberal international relations theory arose after World War I in response to the inability of states to control and limit war in their international relations. Early adherents include Woodrow Wilson andNorman Angell, who argued vigorously that states mutually gained from cooperation and that war was so destructive to be essentially futile.
Liberalism was not recognized as a coherent theory as such until it was collectively and derisively termed idealism by E. H. Carr. A new version of "idealism" that focused on human rights as the basis of the legitimacy of international law was advanced by Hans Köchler.
Further information: liberal internationalism
Neoliberalism
Neoliberalism seeks to update liberalism by accepting the neorealist presumption that states are the key actors in international relations, but still maintains that non-state actors (NSAs) andintergovernmental organizations (IGOs) matter. Proponents such as Maria Chattha argue that states will cooperate irrespective of relative gains, and are thus concerned with absolute gains. This also means that nations are, in essence, free to make their own choices as to how they will go about conducting policy without any international organizations blocking a nation's right to sovereignty.
Neoliberalism also contains an economic theory that is based on the use of open and free markets with little, if any, government intervention to prevent monopolies and other conglomerates from forming. The growing interdependence throughout and after the Cold War through international institutions led to neo-liberalism being defined as institutionalism, this new part of the theory being fronted by Robert Keohane and also Joseph Nye.
Further information: complex interdependence
Regime Theory
Regime theory is derived from the liberal tradition that argues that international institutions or regimes affect the behavior of states (or other international actors). It assumes that cooperation is possible in the anarchic system of states, indeed, regimes are by definition, instances of international cooperation.
While realism predicts that conflict should be the norm in international relations, regime theorists say that there is cooperation despite anarchy. Often they cite cooperation in trade, human rights and collective security among other issues. These instances of cooperation are regimes. The most commonly cited definition of regimes comes from Stephen Krasner. Krasner defines regimes as "institutions possessing norms, decision rules, and procedures which facilitate a convergence of expectations."
Not all approaches to regime theory, however are liberal or neoliberal; some realist scholars like Joseph Greico have developed hybrid theories which take a realist based approach to this fundamentally liberal theory. (Realists do not say cooperation never happens, just that it is not the norm; it is a difference of degree).
Post-positivist/reflectivist theories
International society theory (the English school)
International society theory, also called the English School, focuses on the shared norms and values of states and how they regulate international relations. Examples of such norms include diplomacy, order, and international law. Unlike neo-realism, it is not necessarily positivist. Theorists have focused particularly on humanitarian intervention, and are subdivided between solidarists, who tend to advocate it more, and pluralists, who place greater value in order and sovereignty. Nicholas Wheeler is a prominent solidarist, while Hedley Bull and Robert H. Jackson are perhaps the best known pluralists.
Social Constructivism
Social Constructivism encompasses a broad range of theories that aim to address questions ofontology, such as the Structure and agency debate, as well as questions of epistemology, such as the "material/ideational" debate that concerns the relative role of material forces
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