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The outbreak of World War I during a period of unprecedented globalization and economic interdependence has often been cited as an example of how economic interdependence fails to prevent war or even contributes to it. [20] Other scholars dispute that World War I was a failure for liberal theory. [10] [21]
Thus, Keohane and Nye argue that the decline of military force as a policy tool and the increase in economic and other forms of interdependence should increase the probability of cooperation among states. [8] The theorists' work surfaced in the 1970s to become a significant challenge to political realist theory in international politics.
Interdependence theory is a social exchange theory that states that interpersonal relationships are defined through interpersonal interdependence, which is "the process by which interacting people influence one another's experiences" [1] (Van Lange & Balliet, 2014, p. 65). The most basic principle of the theory is encapsulated in the equation I ...
The outbreak of World War I during a period of unprecedented globalization and economic interdependence has often been cited as an example of how economic interdependence fails to prevent war or even contributes to it. [25] Other scholars dispute that World War I was a failure for liberal theory.
According to Angell, the economic interdependence between industrial countries would be "the real guarantor of the good behavior of one state to another", [7] as it meant that war would be economically harmful to all the countries involved. Moreover, if a conquering power confiscated property in the territory it seized, "the incentive [of the ...
Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...
Whereas realism deals mainly with security and material power, and liberalism looks primarily at economic interdependence and domestic-level factors, constructivism concerns itself primarily with the role of ideas in shaping the international system; indeed it is possible that there is some overlap between constructivism and realism or ...
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]