Applied International Relations Theory world’s contemporary

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Applied International Relations Theory

Introduction

The world’s contemporary financial situation is one experiencing the effects of a global financial crisis. The financial crisis occurred due to an essentially capitalist structure and persisted and spread globally due to neoliberalism, a new order whereby all states collaborate instead of compete with one another. This unique new situation in global financial history can be explained well through the critical theory which suggests that societal imbalances are refutable but that people are conditioned to exclude certain groups socially which means that the financial crisis persists and the poor remain the poor. The theory also encourages the use of dialogue for interaction between nations….. Read More