A Systematic Review: Revisiting Neoliberal Institutionalism in the Modern Context with Political Philosophy Considerations
- 1 Fudan University
* Author to whom correspondence should be addressed.
Abstract
This paper contributes to the modern neoliberal institutionalist line of thinking and international relations studies by revisiting and discussing neoliberal arguments under today’s socio-economic and political background. The goal is to defend neoliberal institutionalism through a brief and yet systematic review of classical neoliberal works. An interdisciplinary approach is taken through paralleling neoliberalism with theories in philosophy (utilitarianism and pragmatism) and politics. Criticisms from neorealists and worrying issues like state-contestation and counter-institutionalization are discussed and defended. Afghanistan’s accession to becoming a WTO member has been used as an example to show the positive influence that international organizations and institutions can exert in the 21st century.
Keywords
neoliberalism, institutionalism, international relations theories, international organizations, pragmatism, utilitarianism, state-contestation, counter-institutionalization
[1]. Keohane, O. R.: After Hegemony: Cooperation and Discord in the World Political Economy. 1st edn. Princeton University Press, Princeton, New Jersey (1984).
[2]. Dunne, T., Kurki, M., Smith, S.: International Relations Theories: Discipline and Diversity. 3rd edn. Oxford University Press, Oxford (2013).
[3]. Jackson, R., Sørensen, G.: Introduction to International Relations: Theories and Approaches. 5th edn. Oxford University Press, Oxford (2013).
[4]. Deutsch, W. K. et al.: Political Community and the North Atlantic Area. The European Union: Readings on the Theory and Practice of European Integration. 3rd edn. Lynne Rienner Publishers, Boulder (1957).
[5]. Keohane, O. R., Nye, S. J. Jr.: Power and Interdependence revisited. International Organization, 41(4), 725-753 (1987).
[6]. Keohane O. R.: The Demand for International Regimes. International Organization 36(2), 325–355 (1982).
[7]. Pierobon, C.: Global Governance, Multi-Actor Cooperation, and Civil Society. In: Leal Filho W., Azul A., Brandli L., Özuyar P., Wall T. (eds) Peace, Justice and Strong Institutions. Encyclopedia of the UN Sustainable Development Goals, pp. 2–10. Springer, Cham (2020).
[8]. Zürn, M.: Contested Global Governance. Global Policy 9(1), 138–145 (2018).
[9]. Zürn, M.: Contested Global Governance. Global Policy 9(1), 138–145 (2018).
[10]. Krasner, D. S.: International Regimes. 1st edn. Cornell University Press, Ithaca (1983).
[11]. Abbott, W. K., Snidal, D.: Why States Act through Formal International Organizations. The Journal of Conflict Resolution 42(1), 3–32 (1998).
[12]. Martin, L. L., Simmons, A. B.: Theories and Empirical Studies of International Institutions. International Organization 52(4), 729–757 (1998).
[13]. Mearsheimer, J. J.: The False Promise of International Institutions. International Security 19(3), 5–49 (1994).
[14]. Dani, R.: Why is There Multilateral Lending? (June 1995). NBER Working Paper No. w5160.
[15]. World Bank, 2010. Afghanistan Economic Update 2010. https://www.worldbank.org/en/news/feature/2010/05/10/afghanistan-economic-update-2010
[16]. United Nations Development Programme, Human Development Report 2020 (2020). The next frontier: Human development and the Anthropocene
[17]. CEIC, 2022. Afghanistan Consumer Price Index (CPI). https://www.ceicdata.com/en/afghanistan/consumer-and-producer-price-index-annual/af-consumer-price-index--change
[18]. Hardin, R.: The Utilitarian Logic of Liberalism. Ethics 97(1), 47–74 (1986).
[19]. Sen, A.: Development as Freedom. 1st edn. Oxford University Press, Oxford (1999).
[20]. Qin, Yaqing.: Power, Institutions, And Culture: Essays on International Relations Theory and Methodology. 2nd edn. Peking University Press, Beijing (2016).
[21]. Keohane, O. R., Nye, S. J. Jr.: Power and Interdependence: World Politics in Transition. 1st edn. Little, Brown, Boston (1977).
[22]. Keohane, O. R.: Neorealism and its Critics. 1st edn. Columbia University Press, New York (1986).
[23]. Keohane, O. R.: International Institutions and State Power. 1st edn. Routledge, New York (1989).
[24]. Morgenthau, J. H.: Politics Among Nations: The Struggle for Power and Peace. 1st edn. Alfred A. Knopf, New York (1948).
Cite this article
Su,H. (2023). A Systematic Review: Revisiting Neoliberal Institutionalism in the Modern Context with Political Philosophy Considerations. Advances in Economics, Management and Political Sciences,7,91-104.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).