Neoliberalism and International Organizations

Abstract

This paper entitled, “Neoliberalism and international organizations” examines Neoliberalism as the dominant political ideology shaping international relations. Neoliberalism dictates the policies of the government, and shapes the actions of key institutions such as world trade organization (WTO), World Bank and international monetary fund (IMF). This article would discuss the nature, history, strengths, weaknesses, and implications of neoliberalism in the international political system taking IMF as a case study. This paper argues that the neoliberal perspective relies on the assumption of rationality that the states calculate the cost and benefits of different courses of action and choose the course of action that gives them the highest net pay off. This paper concluded that the neoliberal theory of international relations is a powerful way to understand the dynamics of international organizations (IOs) and international conflict and cooperation more generally.