What does neoliberalism mean in international relations?

Liberal institutionalism (or institutional liberalism or neoliberalism) is a theory of international relations that holds that international cooperation between states is feasible and sustainable, and that such cooperation can reduce conflict and competition. Neoliberalism is a revised version of liberalism.

What is the role of international organizations in neoliberalism?

Neoliberalism is an approach to study’s international organizations (IOs) and patterns of international cooperation. International organizations address problems or dilemmas at the bargaining, monitoring and enforcement stages.

What are the global financial crisis and challenges to neoliberalism?

The 2008 global financial crisis was the consequence of financialization or the creation of massive fictitious financial wealth, and of the hegemony of a reactionary ideology, namely, neoliberalism, based on the self-regulated and efficient markets.

How do neoliberal and neorealist theorists view the role of institutions in international relations?

Neoliberals and neorealists are two views of the same approach. Both assume similar positions regarding the international system: states are main actors, they act rationally, and international anarchy shapes their behaviour. Most notably, neorealism and neoliberal share similar methodology, epistemology and ontology.

What are the assumptions of neoliberalism?

Neoliberalism shares many assumptions as neorealism (namely, that the international system is anarchic, states are the main actors, and states rationally pursue their self-interest), but draws different conclusions from those assumptions.

What does Neo mean in international relations?

The neo-neo debate refers to the problems of state power, relations among different states, and relations between state and non-state actors. Baylis and Smith (2006) point out neorealism and neoliberalism share many assumptions about actors, values, issues and power arrangements in the international relations theories.