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The Realist State and Deglobalization
Abstract
[Realism and its relevance to capitalist economy have been repeatedly criticized among scholarly avenues. This article is an interpretative account of realism's re-emergence in times of economic recession and deglobalization. This view is based on the description of the anarchical condition of world politics where the state is the key actor despite the rise of other non state actors. The article attempts to build a case about the decisive authority of the state and consistence of state craft methodology. In the post 9/11 world of terrorism and energy crises, economic insecurity is hitting global economies hard; countries have to redefine security concepts and policy agendas. At this time in history, crisis is being faced by the most developed, post luxurious societies (Western Europe and USA). The unemployment rates are at their highest from Washington to Brussels for the first time since Breton Woods. The article builds the argument with the help of a case study. The principle of anarchy, power and role of state is elaborated from a realist perspective without downplaying the possibility that irrational states are present in the world that may misuse power, deny justice, miscalculate outcomes and cause wars.]
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[Footnotes]
http://www.investopedia.com/terms/n/neoclassical.asp. Marshall, Principles of Economics.
Jackson and Sorensen, Introduction to International Relations p. 180.
Ibid. pp. 177-208.
Johasz, Bush Agenda.
Klare and Thomas, World Security: Challenges for a New Century.
Nesaduri, "Introduction: Economic Security, Globalization and Governance" in The Pacific Review.
Spero, The Politics of International Economic Relations.
Ibid, p.5.
Kennedy, Rise and Fall of Great Powers.
Waltz, Man, State and War.
Ibid. 211.
Ibid. 467.
Ibid. pp. 131-133.
Thomas Hobbes, Leviathan.
Altman, "Globalization in Retreat" in Foreign Affairs.
Ibid. p. 5
Ibid. p. 5
Economist (London: January 21, 2010). Available at http://www. economist. com/world/international/displaystory.cfm?story_id=153287 27
Klein and Cukier, "Tamed Tigers, Distressed Dragon: How Export-Led Growth Derailed Asia's Economies'' in Foreign Affairs, p. 11.
Reinert, "The Role of the State in Economic Growth" in Journal of Economic Studies, pp. 268-326.
Ibid. p. 272.
Ibid.
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Ibid,
Ibid.
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Ibid.
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Op. Cit., Nicoli, p.11.
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