What is international regime? What are its purported functions and roles in international political economy? Is this a reality, myth, or something else?

1. “The misery of capitalist exploitation is not half as bad as the misery of not being exploited by capitalism.” Discuss the above quote with reference to the interdependence, dependency and mercantilist theorists toward the spread of capitalism in the third world. Keep in mind that the above quote refers, not to the contrast between capitalism and socialism, but rather to that between capitalism and pre-capitalism.

2. Given the three major theoretical perspectives of international political economy—realism, liberalism, and radicalism–which do you find the most powerful in the explanation of the actual operation of the international system. Justify your answers on (1) theoretical grounds, or (2) that theory’s ability to accurately portray actual relationships in one specific field, i.e., trade, finance, etc.

3. What is (are) the emerging structure(s) (not necessarily the final results) of increased economic interactions suggested by realism, liberalism, and radicalism? Which structure is most likely to occur in next twenty years and why (support your choice)?

4. What is international regime? What are its purported functions and roles in international political economy? Is this a reality, myth, or something else? Support your argument and provide one example of international regime.