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Liberalism is a core concept in international relations that emphasizes the importance of cooperation, interdependence, and democratic values in promoting peace and stability. It argues that states are more likely to engage in peaceful relations when they are democratic, economically interdependent, and part of international institutions. A concrete example of liberal institutionalism is the creation of the World Trade Organization (WTO), which aims to promote free trade and economic cooperation among its member states.
Two rising powers in the Asia-Pacific engage in a naval buildup. Using realism, explain the likely outcome. Which other IR theory would predict a different outcome and why?
Answer: Realism would predict that the naval buildup would lead to an arms race and increased tensions between the two states. Neoliberal institutionalism would predict that the naval buildup would lead to increased cooperation and diplomacy between the two states, as they seek to resolve their differences through international institutions.
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