Case Study Project - International Relations

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Case Study Project

Total Marks: 100

International Relations

Question. 1. The overall success of liberal economics is due to the substantial gains that can be realized through trade. Discuss Comparative Advantage.

2. Capital from the global North moves to the South and potentially spurs growth there in several forms—foreign investment, debt, and foreign aid. Discuss these capital flows from North to South.

1. States follow the rules—both moral norms and formal international laws—much more often than not. These rules operate through institutions (IOs), with the UN at the center of the institutional network. Discuss.

2. IR affects daily life profoundly; we all participate in IR. Explain.

Answer: Economic liberalism is an economic system organized on individual lines, which means that the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations. It includes a spectrum of different economic policies, such as freedom of movement, but it is always based on strong support for a market economy and private property in the means of production. Although economic liberalism can also be supportive of government regulation to a certain degree, it tends to oppose government intervention in the free market when it inhibits free trade and open competition.

Economic liberalism is most often associated with V

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