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    Jeff Cahulao
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    This document discusses realism in international political economy. It begins with defining realism as a paradigm that views states' behaviors as determined by power and economic capabilities. It then provides a brief history of realism, tracing it back to Thucydides and its development through mercantilism. Finally, it examines China's rapid economic development in the late 20th century following economic reforms, highlighting its growth into the world's largest manufacturer driven by large-scale investment and productivity increases.

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    This document discusses realism in international political economy. It begins with defining realism as a paradigm that views states' behaviors as determined by power and economic capabilities. It then provides a brief history of realism, tracing it back to Thucydides and its development through mercantilism. Finally, it examines China's rapid economic development in the late 20th century following economic reforms, highlighting its growth into the world's largest manufacturer driven by large-scale investment and productivity increases.

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    3 views11 pages

    Realism Report

    Uploaded by

    Jeff Cahulao
    This document discusses realism in international political economy. It begins with defining realism as a paradigm that views states' behaviors as determined by power and economic capabilities. It then provides a brief history of realism, tracing it back to Thucydides and its development through mercantilism. Finally, it examines China's rapid economic development in the late 20th century following economic reforms, highlighting its growth into the world's largest manufacturer driven by large-scale investment and productivity increases.

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    © All Rights Reserved
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    of 11

    REALISM

    INTERNATIONAL POLITICAL
    ECONOMY

    RAMACOLA, DAVE M.
    BACHELOR OF ARTS IN
    POLITICAL SCIENCE
    ARELLANO UNIVERSITY
    LEARNING OBJECTIVES

    • STUDENTS ARE EXPECTED TO DEFINE REALISM

    • TO KNOW HOW REALISM EVOLVE TO WHAT IT IS


    TODAY

    • TO BE FAMILIAR ABOUT CHINA'S RAPID


    DEVELOPMENT
    REALISM
    •Realism is one of the oldest paradigms in International Relation
    (IR) and International Political Economy (IPE).

    •It is “a spectrum of ideas” based on shared principles about what


    determines states behaviors towards one another.

    •Realism is relevant in IPE because power and military


    capabilities depend on capital accumulation and economic
    development.
    HISTORY OF REALISM
    Originates in the time of Thucydides
    • Developed into a complex set of theories and approaches
    • See wealth as a substantial factor determining military
    capabilities
    Mercantilism in the 16th-18th centuries
    • assumes that the achievement of wealth is an essential
    objective
    • economic policy is conducted by imposing import barriers
    HISTORY OF REALISM

    In the 19th century


    • economic nationalists proposed industrialization
     allows the development of a strong military industry
     manufactured goods have a higher value added than raw materials
    THE RAPID
    RISE OF
    CHINA
    INTERNATIONAL POLITICAL
    ECONOMY
    The History of China's
    Economic Development

    CHINA'S ECONOMY PRIOR TO REFORMS

    • China, under the leadership of Chairman Mao Zedong,


    maintained a centrally planned, or command, economy.

    THE INTRODUCTION OF ECONOMIC REFORMS

    • Beginning in 1979, China launched several economic reforms.


    CHINA AS THE WORLD'S
    LARGEST MANUFACTORER
    CAUSES OF CHINA'S
    ECONOMIC GROWTH
    • Large-scale capital investment
    • Rapid productivity growth
    • China has historically maintained a high rate of
    savings. When reforms were initiated in 1979,
    domestic savings as a percentage of GDP stood
    at 32%. However, most Chinese savings during
    this period were generated by the profits of
    SOEs, which were used by the central
    government for domestic investment.
    CAUSES OF
    WILL CHINA CHINA'S
    ECONOMIC
    EVENTUALLY TAKE GROWTH
    OVER THE UNITED
    STATES AS THE
    "WORLD'S LARGEST
    ECONOMIC POWER?"
    THANK YOU FOR LENDING YOUR EARS!

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