The World Economy | Assignment

THE WORLD ECONOMY
Student’s Name
Course
Professor’s Name
University
(City) State
Date

IPE 1
Study Doc 1 and answer the following questions (per question an essay of the half to one
page):
1. Why do Balaam and Dillman think that the international order established after World
War II is threatened?
According to Balaam and Dillman, the International order after World War II is
threatened due to the growing skepticism on free markets. Globalization is under threat of
protectionist measures. Also, there has been gradual wealth and power redistribution
since the war to date. Further, there is a shift of values and goals of different countries
hence a shift in the global order.
What trends do they point to suggesting that this order is weakening?
There has been a redistribution of wealth and power among states. That is to say,
there is a change in the structure of production at the global level. Also, there are
emerging disputes of trade agreements, regulations in the international trading system
with the implementation of protectionist measures by different countries hence a
weakening global order. Further, changes in the international financial and monetary
sector, security, and knowledge sectors have created divergent positions among different
states which have restricted globalization efforts. Also, there is increased populism and
nationalism among certain states hence distorting the global order which advocates for
globalization rather than protectionism. Also, the rising trend of racism and xenophobia
points to a weakness in globalization.
.

IPE 2
2. What evidence is there that democracy and liberal values in ******ope, the United
States, and Turkey are threatened?
Specifically, the rising cases of racism, nationalism, and populism in the United
States of America is proof of a dwindling democracy and liberalism. Further, the
evolution of strongman politics in Europe is a threat to democratic practice.
In what ways might these fears be overblown?
The implementation of laws decriminalizing racism and populism across these countries
will encourage democracy and civil liberties. Also, the election of leaders who are
proposed to” strongman” politics might encourage democracy.
Include in your essay a statement about the extent to which IPE helps you explain this
issue.
IPE is very helpful in the sense that I have been able to understand what structures
and factors are responsible for the global order, economically and politically.
B. Study Doc 2 and answer the following questions (per question an essay of the half to one
page)
3. Adam Smith and John Maynard Keynes are both liberals, in the broad sense in which
this term is used in IPE. Explain what views Smith and Keynes share regarding the
market, the state, human nature, and power. How do they differ?