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Absolute Gain (international Relations)
According to the international relations theory of Liberalism, absolute gain is what international actors look at in determining their interests, weighing out the total effects of a decision on the state or organization and acting accordingly. The international actor's interests not only include power but also encompass the economic and cultural effects of an action as well. The theory is also interrelated with a non-zero-sum game which proposes that through use of comparative advantage, all states who engage in peaceful relations and trade can expand wealth. This differs from Realist International Relations theories that employ relative gain, which seeks to describe the actions of states only in respect to power balances and without regard to other factors, such as economics. Relative gain is related to zero-sum game Zero-sum game is a mathematical representation in game theory and economic theory of a situation which involves two sides, where the result is an advantage for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberalism (international Relations)
Liberalism is a school of thought within international relations theory which revolves around three interrelated principles: * Rejection of power politics as the only possible outcome of international relations; it questions security/warfare principles of Realism (international relations), realism * Mutual benefits and international cooperation * The role of international organizations and Non-state actor, nongovernmental actors in shaping state preferences and policy choices This school of thought emphasizes three factors that encourage more cooperation and less conflict among states: * International institutions, such as the United Nations, who provide a forum to resolve disputes in non-violent ways * International trade because, when countries' economies are interconnected through trade, they are less likely to go to war with each other * Spread of democracy, as well-established democracies do not go to war with one another, so if there are more democracies, interstate war wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-zero-sum Game
Zero-sum game is a mathematical representation in game theory and economic theory of a situation which involves two sides, where the result is an advantage for one side and an equivalent loss for the other. In other words, player one's gain is equivalent to player two's loss, therefore the net improvement in benefit of the game is zero. If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Thus, cutting a cake, where taking a more significant piece reduces the amount of cake available for others as much as it increases the amount available for that taker, is a zero-sum game if all participants value each unit of cake equally. Other examples of zero-sum games in daily life include games like poker, chess, and bridge where one person gains and another person loses, which results in a zero-net benefit for every player. In the markets and financial instruments, futures contracts and options are zero-sum games as well. In c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comparative Advantage
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. (The absolute advantage, comparing output per time (labor efficiency) or per quantity of input material (monetary efficiency), is generally considered more intuitive, but less accurate — as long as the opportunity costs of producing goods across countries vary, productive trade is possible.) David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relative Gain (international Relations)
Relative gain, in international relations, is the actions of states only in respect to power balances and without regard to other factors, such as economics. In international relations, cooperation may be necessary to balance power, but concerns about relative gains will limit that cooperation due to the low quality of information about other states' behavior and interests. Such relative-gains concerns, however, may sometimes be mitigated by individual social preferences. Relative gain is related to zero-sum game Zero-sum game is a mathematical representation in game theory and economic theory of a situation which involves two sides, where the result is an advantage for one side and an equivalent loss for the other. In other words, player one's gain is e ..., which states that wealth cannot be expanded and the only way a state can become richer is to take wealth from another state. It differs from absolute gain, which is the total effect of a decision on the state or organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zero-sum Game
Zero-sum game is a mathematical representation in game theory and economic theory of a situation which involves two sides, where the result is an advantage for one side and an equivalent loss for the other. In other words, player one's gain is equivalent to player two's loss, therefore the net improvement in benefit of the game is zero. If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Thus, cutting a cake, where taking a more significant piece reduces the amount of cake available for others as much as it increases the amount available for that taker, is a zero-sum game if all participants value each unit of cake equally. Other examples of zero-sum games in daily life include games like poker, chess, and bridge where one person gains and another person loses, which results in a zero-net benefit for every player. In the markets and financial instruments, futures contracts and options are zero-sum games as well. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Relations Theory
International relations theory is the study of international relations (IR) from a theoretical perspective. It seeks to explain causal and constitutive effects in international politics. Ole Holsti describes international relations theories as acting like pairs of coloured sunglasses that allow the wearer to see only salient events relevant to the theory; e.g., an adherent of realism may completely disregard an event that a constructivist might pounce upon as crucial, and vice versa. The three most prominent schools of thought are realism, liberalism, and constructivism. The modern study of international relations, as theory, has sometimes been traced to realist works such as E. H. Carr's '' The Twenty Years' Crisis'' (1939) and Hans Morgenthau's '' Politics Among Nations'' (1948).Burchill, Scott and Andrew Linklater (2005). "Introduction," in ''Theories of International Relations'', ed. by Scott Burchill et al., New York: Palgrave Macmillan, p.7. The most influential IR ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
