This is very similar to the reflection in the first discussion board. In this final part of our discussion board I would like you to start by rereading the posts by your c

LUKE ROWE

Jul 19, 2022 at 4:30 PM

When being presented with the opps to begin a new country and look to rapidly grow and advance I would suggest following the ideologies of realism theory. First we must define realism to understand why it would be fit for an emerging nation. Realism is the idea that the state acts as a principle actor amongst international relations. This means for an emerging nation implementing this ideology allows for those in that state to feel secure knowing that the power lies within trustworthy hands. Secondly realism implements the importance of national interest and the fact that the state has one voice, one voice in which acts in the best interest of the state. This allows for an emerging nation to not collapse due to weak fundamental ideas and not allowing for a focus on national interest. Realism supports actions that build the state or benefit the state in any way shape or form. Yet any action that is viewed as making the state weak or vulnerable is viewed as irrational. Lastly a value that should be high listed is the fact that officials act in the best interest of the state amongst a competitive environment. This means that no matter what the personal beliefs of the official may be they act in best interests of the state not their own self. Now we ask what is deemed a successful country, that in my eyes is a country where people are content with their government and all basic needs are being met. Everyone has their own opinion on what is ideal yet if the people are content and basic needs are being met there isn’t much to complain about at a political level. The other two ideologies don’t quit fit into an emerging country quite like realism would, realism lays a solid foundation for an emerging state to build upon 

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RT

RYAN TEYECHEA

Jul 19, 2022 at 5:24 PM

After reading posts from my classmates, economic liberalism could be mostly summarized to how todays economic system is ran. Little government interaction in markets unless needed by protectionism. Economic radicalism seems to just let whatever go in the economy, which would lead to disaster. Mercantilism is summed up to be about international trading and building wealth through that. I would most likely recommend economic liberalism to the president because it is the safest economic theory to build a strong state through a free market, low taxes, and encouraging formation of new businesses. Success in the case of economic liberalism is everyone has the freedom to create their own business, build their own innovations, and be supported by the government through it all. This creates a competition for people to live financially free but it is still possible to build a business. This would evidently grow the power of the state. I would not choose mercantilism because even though it does make a powerful state it does not give its own people all the financial freedom, and it could create many enemies through selfish international trade. I would not choose economic radicalism because it basically allows the rich to take advantage of the poor. In the country the rich take advantage of the working class, the powerful countries take advantage of the under developed countries. The state tries to control the economy as much as they can and it leads to conflict over resources. Economic liberalism just seems like the safest theory for the country and the best for its people as well.

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MG

MAFE GRANADILLO

Jul 20, 2022 at 4:40 PM

Economic growth and development are the focus of every leader in their state or country. However, the leader must be able to differentiate the various financial models and use the most suitable to revive the economy. Some theories include; mercantilism, economic liberalism, and economic radicalism. However, every theory applies to a certain country with its advantages and limitations.

Mercantilism theory is both political and economic placed by the government to regulate external trade and generate an increase in national power. The theory is the most successful approach for a country looking forward to mobilizing resources from international relations and national power (Magnusson,2019). The economic theory stresses domestic production, strict export of processed and manufactured goods, and prohibits factors of production export. The theory mainly concerns growing the national power regardless of international trade relations. It is heavy on the superiority of local markets and boosting local investors to supplement the local economy. 

Trade is one of the economic essonites for growth but only when there are fair terms of trade and balance of work. Mercantilism allows a trade surplus when dealing with domestic investors, which supplements economic goals and national business (Magnusson,2019). It prevents hunger in serving international markets at the expense of domestic supply and national power.

The success of a leader can be measured through economic growth and development. In this case, the most suitable theory is mercantilism over economic liberalism and radicalism. Economic liberalism is ideal in a continuing open market where there is no need for government intervention in trade. Economic radicalism is more based on Marxism and capitalism. It differentiates social classes in wealth and ownership and hence does not support success. 

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MS

Mason Sharp

Jul 23, 2022 at 9:26 AM

After reading the discussion board posts of my fellow classmates, I have determined that Mafe does an excellent job advocating for economic liberalism. They talk about the numerous advantages economic liberalism has over other economic policies, including fostering economic development, creating job opportunities and growth, limited taxation, reduced interest rates, a defense against monopolies, and the opportunity to build strong relations with other nations. While it does have its drawbacks, such as the possibility of a state becoming economically and commercially dependent on another, and income inequality also poses a risk, since the state is encouraged to stay out of the market, not getting involved with labor as much, the numerous benefits of economic liberalism far outweigh the potential side effects. From a more public relations side of things, economic liberalism is going to be the policy that gives the company or individual the most rights in terms of what they can do with their products and money, so encouraging and practicing  economic liberalism will likely make you a very well-liked leader (especially compared to policies like mercantilism, which makes many foreign enemies, and radicalism, which leaves the door open for corruption and the formation of a dictatorship) which especially bodes well should you decide to run for another term. Adam Smith, a pioneer in the idea of economic liberalism, had seen first hand what poor economic policies could cause, and lived to see mercantilism (and colonialism) caused Great Britain to suffer tremendous monetary, military, and territorial losses, and used the knowledge he gathered to come to the understanding that practicing a more laissez-faire policy would bode the best for the states involved, the people and corporations involved, and the governments involved.

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KC

Kaley Caballero

Jul 23, 2022 at 3:21 PM

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KC

Kaley Caballero

Jul 23, 2022 at 3:48 PM

Out of economic liberalism, radicalism, and mercantilism, I believe economic liberalism is the best choice. Economic liberalism is based on a man named Adam Smith's ideas who thought that a person should be able to pursue their self-interests. By doing this Adam Smith believed that it would help markets function better because the government would be less involved. Economic liberalism creates wealth, multiplies exchanges, and inspires innovation. The other two systems: radicalism and mercantilism may have certain advantages but are seen as more controlling systems that can lead to things such as dictatorship. Unlike those two systems, economic liberalism is shown as a system that gives people the opportunity to believe what they want and express the things they love. I think this would be the best option, especially in today's world because all people like having more freedom to do things they enjoy without feeling like they are getting controlled. Economic liberalism also leads to national growth and brings people closer together since everyone is more accepting of one another. Even though economic liberalism is the best choice, there are a couple of limitations such as economic equality and the rise of dominance which can also lead to poverty. A huge debate in economic liberalism regarding the market appropriately because it also is one of the biggest disadvantages of economic liberalism. So even though there are several disadvantages, there are always going to be certain problems in a system but many of them can be fixed. I still believe out of all three systems economic liberalism would be the best fit. 

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Jenna Interian

Jul 23, 2022 at 7:08 PM

Mercantilism focuses on business, trade, and commerce, mercantilism typically helps a nation prosper greatly because it introduces a large amount of wealth into the state.

Economic liberalism is based on the principles of personal liberty, private property, and limited government interference

Radicalism is based on the idea that economics and capitalism are destroying the world. There are also two ideologies that stem from this theory that is deemed to be the most persuasive in the radical perspective: Marxism and dependency theory.

 

If a new state was just formed and the ruler, whether it be president, prime minister, dictator, etc. had to implement one system, I would recommend implying the economic liberalism theory. There are many reasons why I believe this would be the most successful system. Economic liberalism is basically free production, distribution, and consumption of goods and services. Their main goal is to make the most of the economic decisions based on individuals and people rather than an institution or organization. The form of foundations they have is free use to do whatever an individual wants when it comes to their property and the other foundation is free and fair competition. The main advantages the economic liberalist theory has compared to others. The economy is made up of the individuals that live in that state meaning that the state's economy is based on the people which leads to another advantage which is that the people have freedom in their own decisions regarding what happens in the economy, and full freedom when it comes to trading. Economic liberalism is the foundation of the global market economy and has been the dominant system since WW2. The freedom economic liberalism provides makes a great system for a country to use especially a new and developing state. 

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MG

Maddi Gotthardt

Jul 23, 2022 at 8:57 PM

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MG

Maddi Gotthardt

Jul 23, 2022 at 9:22 PM

There are three systems to choose from: Mercantilism, Economic liberalism, Radicalism. Mercantilism focuses on business, trade, and commerce, mercantilism typically helps a nation prosper greatly because it introduces a large amount of wealth into the state. Economic liberalism is based on the principles of personal liberty, private property, and limited government interference. Radicalism is based on the idea that economics and capitalism are destroying the world. If a new state was just formed and the ruler, president, prime minister, dictator, etc. had to implement one system, I would highly recommend implying the economic liberalism theory. There are many different reasons why I believe this system would be the most beneficial for the leader to implement. Economic liberalism is basically free production, distribution, and consumption of goods and services. The main goal of economic liberalism is to benefit the economy/individuals rather than an organization. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and competition but support government intervention to protect property rights and resolve market failures.The form of foundations they have is free use to do whatever an individual wants when it comes to their property and the other foundation is free and fair competition. The main advantages the economic liberalism theory has compared to others. The economy is made up of the individuals that live in that state meaning that the state's economy is based on the people which leads to another advantage which is that the people have freedom in their own decisions regarding what happens in the economy, and full freedom when it comes to trading. The forces of a free competitive market economy would guide production, exchange, and distribution in a manner that no government could improve upon. The government’s role, therefore, is limited to the protection of property rights, the enforcement of contracts providing public goods, and maintaining internal and external security.The freedom economic liberalism provides makes a great system for a country to use, especially a new and developing state. 

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JC

JEFF COHEN

Jul 24, 2022 at 3:54 AM

I definitely think you should implement economic liberalism into this new state if you want people to be motivated to become successful and have a flourishing economy. Something that economic liberalism stresses is the practice of a market economy. In a market economy there is very little government interference with businesses allowing them to make their own regulations based on things like demand of a good or service. In an economy where the government is fully controlling, there is no variation of price of goods and services which leads to no competition. If businesses and individuals have no competition, they have zero motivation to improve their products because the government tells them what to do with the money they make. In a state of economic liberalism, people are motivated by profits meaning they earn a salary based on their hard work. If everyone is earning the same wage no matter the job then why are people going to go out of their way to work harder? 

Economic liberalism doesn't completely eliminate the governments involvement. It ensures that things like property rights and market failures are protected legally but just doesn't want the government to get involved in things like free trade and competition. I also believe there should be mercantilism to some degree when running an economy. Mercantilism is the stress on trying to keep imports limited so we can keep our own money circulating in our own country. To do this a country will place very high tarrifs on imports coming from other places so it forces people to buy products and services within their own country. I dont believe this should be done to the point where people feel forced to purchase only goods made in their country but I do believe it is a strong way to keep money circulating in our own economy while supporting our own people. I believe its okay to have some type of mercantilism incorporated in a mainly liberalist economy. 

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ISAIAH FARLEY

Jul 24, 2022 at 5:36 PM

The three systems of government each have benefits that could see a new country prosper significantly, whether it being economic liberalism with the minimal government interference advantages, or the bonuses of being able to mobilize resources with Mercantilism. While all of these approaches to governing a system the one that I would highly recommend ensuring the longevity of a new country would be economic liberalism. Economic liberalism, in its most basic form, is the practice of a free market which can mean the competition of many companies. This enviably leads to greater revenue for a country and that is rarely a negative factor. To be considered a success, this new country would have to have multiple small and medium sized businesses that would be able to produce millionaires, and billionaires within the first 40 years of existence.  In order for this to work there must be constant progression in businesses in order to ensure the expansion of a market. The reason the other two systems are not chosen for this post is because of the ceiling they have. This means if you were to choose economic radicalism or mercantilism, there would be a threshold of how successful a country could be. The one drawback to economic liberalism would have to be the possibility of monopolies being built. this can be prevented by holding all of these companies accountable to the rules that have been set in place. 

 

 

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AB

AJ BONKOWSKI

Jul 24, 2022 at 6:48 PM

       Out of the three systems, the one you should implement in my opinion would be economic liberalism. I first state that this theory is what we have most used throughout America and we are still the greatest country. The basics of my theory which is economical liberalism are that they adhere to political and economic philosophy which advocates fiscal policy and the balancing of budgets. They share the basic ideas in which they believe which are low taxes, reduced government spending, and minimized government debt. Economic liberalism opposes government intervention since it leads o insufficient outcomes. They do support a strong state that protects property rights and enforces contracts in the power of the state withholds. They also support government interventions to resolve market failures. I recommend this so much because it allows the country to not fall into failure that fasts since they have a balanced government to not go over spending limits. Furthermore, it always helps to balance the budgets which are good for the economy and the people since things as we all know change fast such as the market and inflation so if this is balanced at all times it is something the people would not have to worry about and can coordinate things easier. I am defining success in this case by showing the freedom and advantages the people have when following the theory of economical liberalism. I would not choose the other two simply because they have been known to fail large countries and result in issues with the government which we do not need. 

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Naomi Boyer

Jul 24, 2022 at 7:47 PM

While reading this, I noticed you named different figureheads (president, ruler, dictator, prime minister). And now that I've taken a few weeks of International Relations, I think that this deserves a constructivism theory type answer. In this case, the constructivism POV consists of this problem (which system works best for my country) and the variables being figureheads. Since constructivism is the theory – basically – of taking situation A that is similar to situation B and not treating it like Situation A bc there are other variables that make it different and they can't be solved the same. Overall, this question will depend on the type of figurehead you're looking to please, but there is a correct answer. 

SO, it depends on who is in charge. You have a dictator? You would want "Radicalism" because this stems from Marxist ideas – i.e. communism! The economic control would be away from the producers and the government/dictator would be in charge. The only way this would backfire is there isn't really any job growth, but it is communism and you're going ahead and taking away their goods – take away their happiness and force them to work. I am defining success in this case as dictator has a lot of goods, you have everything you want! Woohoo.

In the event of a ruler, this gives off back in the day, monarch-type vibes. So, what else has been being used since back in the day? Mercantilism! It is the circulation of money and protects imports of gold/silver/precious metal. Your exports are booming and imports are limited so you are promoting imperialism and trade – keeping the small businesses going. There is job growth as well!  I am defining this as a success because being a ruler is no longer really a serious thing (royal family in Britain but they have Parliament to make decisions), and soon mercantilism will no longer be a thing because sadly it is only a finite source. So success because both are dying out, for lack of better terms. 

And finally, the actual more serious answer, economic liberalism. Recommend this one because it isn't called the "American Dream" for no reason! Economic liberalism is lowkey capitalism. There is a supportive market economy as well as private production – all is supported (if it isn't illegal). There's an increase in foreign direct investment and an increase in employment. Things are constantly increasing – besides government involvement – which includes money and morale, and this is truly a success because what is better than a happy and productive country? This isn't a finite source, this isn't taking away the hard work from the people, it's a long-lasting great system.

Overall – sorry this post is so long – Success is defined if the country is happy, it is producing goods, making money, and not dying out.  We should choose the economic liberalism system over the other two because it isn't based on a finite source and it isn't communism… we saw how that went. 

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VG

VALERIA GARCIA VELASQUEZ

Jul 24, 2022 at 10:47 PM

If I want to pick a system that would lead to the greatest success for my nation, I would go with economic liberalism. This system has enormous qualities because is built on the principles of the value of private property, individual freedoms, and little government intervention. This indicates that the government also values free commerce and democracy and everyone would gain from this open market and competition. 

Although there would be minimal room for the government to meddle, it would be permitted to defend property rights and assist with market failures. Positive perspectives on mankind hold that people can make reasonable decisions and accomplish their goals without constant involvement. It benefits society by fostering the formation of new businesses, which creates new jobs, and the economy by stimulating significant capital investment, trade, and wealth. I wouldn’t choose mercantilism or radicalism for the country. Mercantilism due to the several drawbacks it possesses. Governments not only have total control over all trade, but there is also no international cooperation to advance trade. I believe that Mercantilism's theories, which hold that governments should behave in their own self-interests, will cause more conflicts than peace in a nation. The major drawback of mercantilism is how one-sided the relationship between nations is; often, one state gains at the expense of the other. This is especially true when mercantilism is applied to colonies, which frequently leads to colonialism that is quite harsh and exploits the colony to benefit and advance the mother country. The consequences of this, especially for the mother country, might be severe. Also, I wouldn’t choose Radicalism because in contrast to Economic liberalism, it does not foster innovation or competition. Producers receive much less financial compensation as a result, which discourages people from taking chances in search of significant profit. Additionally, it calls for a fundamental overhaul of the way that commerce and the global economic system are conducted, which would be extremely challenging to implement.

In my opinion, economic liberalism is the best option for a country, and mercantilism or radicalism wouldn’t be the best option.

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TS

TAYLOR SIMMONS

Jul 24, 2022 at 11:04 PM

If a new state just formed, it should pursue a mercantilist political-economic system. It is unknown whether or not liberal economics can bring nations out of poverty in the 21st century. However, it is very likely that mercantilist (or a similar system) has been able to lift countries out of poverty and even into developed status. In this case, the definition of success should be whether or not the state can become high-income without exploiting or dominating other states. Mercantilist states like Taiwan and South Korea have achieved developed status without conquering excess territory. The economic gains from mercantilism come primarily from domestic production and exports. Taiwan and South Korea weaken their currencies in the foreign exchange market to be able to export more goods. Increasingly, these goods are moving from industries like manufacturing to white-collar work like entertainment.

 

By contrast, most states with liberal political-economic systems have a history of conquest and arguably benefit from already being a developed state in the international system. Many developed countries that never pursued imperialism or expansion, like Sweden, are in regional customs unions with countries that were. Radicalism seems more uncompelling. The countries with state-dominated/worker-owned industries have never been able to escape the middle-income trap, and it does not appear that they will be making it to developed status anytime soon. The advantage of mercantilism is that it has been tested in small countries that were never imperial powers, so states pursuing radicalism could likely change course and see more success.

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IG

ISABELLA GALBREATH

Jul 25, 2022 at 12:00 AM

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IG

ISABELLA GALBREATH

Jul 25, 2022 at 12:00 AM

After reading my classmate's discussion posts and reflecting on what I have learned about international relations, I would decide economic liberalism is the best choice. Economic liberalism is basically free production, distribution, and consumption of goods and services. It is an economic system organized on individual lines with the goal of making the most significant possible number of economic decisions made by individuals rather than an institution or organization. Economic liberalism opposes government intervention in the economy when it leads to inefficient outcomes. They are supportive of a strong state that protects the right to property and enforces contracts. They may also support government interventions to resolve market failures. Mercantilism is faulty due to it reduces trade and cooperation between countries which makes goods more expensive and difficult to produce. Radicalism is the idea that economics and capitalism are responsible for destroying the world we live in today. If a president/prime minister/dictator/and or ruler questioned my decision of picking economic liberalism as the system of choice all I would say is do you want a system thatfavors markets unfettered by the government and maintains that the state has a legitimate role in providing public goods? And when they answer yes I would say that is why I think economic liberalism is important and efficient.  

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ANAYELI MAYORGA

Jul 25, 2022 at 12:12 AM

From analyzing my classmates perspectives, I have to the realization that all these theories have a lot to offer. In the scenario where there were a new state to be formed, I would recommend the economic-liberalism. Not only does this theory solely focuses on the rights of their people, this theory would also contribute in building a bright government. I consider that many states lack interest in their peoples' rights and with this new perspective brought into a new nation, then a lot of people would feel more safe and respected. A lot of people would benefit from this marketing method and not only would they have more freedom in how the market would function, a lot of developing countries would also benefit from this plan. The rate of unemployment would gradually decrease and a lot of people would not live in poverty. A lot of people would help balance the nations' budgeting and would eventually lead to a more stable economy. On modern politics, a lot of governments are focused on self-interest and self-preservation, which in a certain extent could be helpful, but eventually this could be very controversial. Not a lot of countries seek to aid developing countries and eventually this could affect how the market flows and how trading functions. Which is why I would not choose Mercantilism and radicalism because these two solely focus on their interest and on competition between states. 

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ARIE WILSON

Jul 25, 2022 at 12:06 AM

Liberalism seem to be the best option for creating and maintaining a new state. If a president or ruler decide to go with this theory it could help with having all who is in that state a chance to create and manage a business which is a great way for anyone to build wealth and be able to set their own prices and not have to abide by government rules. Sometimes the government can hinder progress from certain people, with liberalism everything is equal and will not be

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