Global Governance — Political & Economic

How do realism and liberalism differ over global governance?

They disagree over whether political and economic cooperation meaningfully constrains state behaviour.

What is the realist view of political global governance?

True global governance does not exist because there is no authority above the state.

When will states participate in international institutions according to realism?

When participation serves their national interests.

Why can powerful states undermine global governance according to realism?

They can ignore international rules without necessarily facing serious consequences.

What example supports the realist view of political global governance?

The USA has a relatively low rate of acceptance of international human rights laws, supporting the argument that states prioritise sovereignty.

What is the liberal view of political global governance?

The world is interconnected and requires shared rules and cooperation.

How do liberals view the international order?

As a rules-based international order upheld by a community of states.

What example supports the liberal view of political governance?

The UN has 193 member states, demonstrating widespread participation in international political governance.

What is the realist view of economic global governance?

There is no overarching authority and international economic institutions can act as tools of powerful states.

How can economic institutions cause harm according to realism?

Their interventions can interfere with domestic economies and may worsen economic conditions.

What example of World Bank intervention is given?

World Bank Structural Adjustment Programmes in Ghana are criticised for increasing debt, poverty and inequality.

What is the liberal view of economic global governance?

Economic development and stability depend on cooperation and reduced trade barriers.

Why do liberals support economic global governance?

It is necessary to manage economic interdependence and prevent crises.

What example supports the liberal view?

The IMF bailout of Greece from 2010–2018 helped prevent economic collapse and wider damage to the European economy.