International Political Economy: Statism, Liberalism, Marxism Analysis

This report delves into the complexities of international political economy, focusing on three key ideologies: statism, liberalism, and structural Marxism. It explores how each ideology views the role of the state in governing and regulating the economy. Statism emphasizes state control, while liberalism champions individual freedoms and a free market, with state intervention playing a supporting role. Structural Marxism views the state as a tool to manage class conflicts and maintain the capitalist system. The report highlights the common thread of state intervention, albeit in varying degrees, across these ideologies, offering insights into the diverse approaches to governance and economic management within the international political landscape. The paper is a comparative analysis of these ideologies and their implications for the functioning of the state and the economy, drawing on academic sources to support its arguments.

Running head: INTERNATIONAL POLITICAL ECONOMY
INTERNATIONAL POLITICAL ECONOMY
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1INTERNATIONAL POLITICAL ECONOMY
Statism, Liberalism and structural Marxism are different ideologies of politics produced
in the theory, which provides comprehensible visions on politics and role of it on the civilians
through the functioning of government (Feldman and Christopher 2014).
Statism: The political science theory defines statism as the belief that the economic and social
policies of any state should be controlled by the state effectively. It reinforces the importance of
the state intervention in the overall operation of the nation avoiding state of anarchy.
Liberalism: As theory consisted of combined theories of social, economic and political,
ideology of liberalism is centered around the idea of individual liberty, equality, democracy,
economic freedom rule of law and so on (Baylis, Patricia Owens and Steve Smith 2017). The
principle programs supported under tenets of liberalism are freedom of speech, civil rights,
democratic rights emanated from democratic and secular government, freedom of religion, free
market and so on.
Structural Marxism: It is the philosophy of Marxism having basis of its formation in the
structuralism. The underlying theory explains the importance of state function in the long term
interests of capitalist class (Feldman and Christopher 2014). State is devised as mechanism that
resolves and regulates the class conflicts arising between proletariat the common people and the
bourgeois. The regulation is viable over total elimination of such conflict is inherent to the
society and impossible to eradicate without violence and revolution in order to promote
stabilization into the system.

2INTERNATIONAL POLITICAL ECONOMY
The discussion brings out the common essence lying within three of the ideologies is the
role of state intervention in the functioning of the nation. State acts as regulatory body in statism
and structural Marxism whereas in the liberalism the state is more liberal and democratic giving
freedom to the citizens regarding their decision though state intervention is also there partially.

3INTERNATIONAL POLITICAL ECONOMY
REFERENCE
Baylis, John, Patricia Owens, and Steve Smith, eds. The globalization of world politics: An
introduction to international relations. Oxford University Press, 2017.
Feldman, Stanley, and Christopher Johnston. "Understanding the determinants of political
ideology: Implications of structural complexity." Political Psychology 35, no. 3 (2014): 337-358.