GLOBALISM

THEORY

MAIN THRUST

IR is the global context within which states and other entities interact.


KEY THINKERS

Immanuel Wallerstein


EXPLANATION

Globalists assume that economic factors are pertinent and dependency of developed and underdeveloped states should be maintained.


Another perspective is on history, Globalists believe that for one to understand the world a glance on history is imperative.

CRITICISMS

Inherent inequalities


Increasing power for the powerful and the weak remaining weak (bourgeoisie and proletariat)

Exploitation of developed countries, few benefits but no solution to poverty.

NEW FORM OF THE THEORY

Significant reductions of poverty in China due to economic integration .


Free trade between states, Multinational corporations such as the World Trade Organisations, World Bank, IMF.

BRICS an association of emerging national economies,significant to regional and global affairs