Difference Between Liberalism And Neoliberalism

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Recommended: Principles of neoliberalism

Introduction:
Although the Cold War seems to be an ideological rivalry between the capitalism and capitalism, it accidentally catalyzes a great myriad of transnational cooperation and the reinvention of liberalism. Liberalism has evolved to be a dominant political ideology, neoliberalism, since 1970s. The notion of neoliberalism is that transnational institutions are conducive to global changes, harmony and prosperity through launching international programme. Differed from other theories solely recognizing the sovereign states as the only actor, neoliberalism also emphasizes the participation of other actors, such as the transnational corporations (TNC), which are the enterprises conduct economic activities or production of goods and services in multiple states, and non-governmental organizations (NGO). Besides, neoliberalism does not only attend to high-political issues, for instances, collective security, but also the low-politics in economic and cultural aspects. In the light of the main theme of neoliberalism, one may also conclude globalization is beneficial to all. Still, globalization would also engender some challenges, for instances, the North/ South division, to all. Therefore, this thesis destines …show more content…

As mentioned by Adam Smith, international free trade is a tactic to avoid interstate wars. Owing to the fact that economic globalization intertwines states’ economic growth. Given that a war breaks out between these states, strategic trading path may be blocked or destroyed. If trade interlinks the warring states’ economies, war would become a no-win situation for players in the game in the economic sense that their trade would be devastated. The players would definitely denounce war as a mean to address any issues under the assumption that they are rational enough to prioritize economic interest. If so, collective security can be more

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