The Importance of Interdependence and International...

The Importance of Interdependence and International Cooperation We are not a nation alone in the world. We do not make up the beliefs, developmental status, and environment of the entire globe. To act as if there is no interdependence within states is not only ridiculous, but also dangerous. Professor Squibwell draws attention to this issue, and while his views may be a little extreme in the statement that â€Å"the world functions as a single integrated unit,† he is accurate in suggesting that we â€Å"collaborate with other states, strengthen international organizations, and support the humanitarian and educational activities of international civil society.† International relations are dictated, to a large degree, by a set of norms. While†¦show more content†¦It therefore must produce the items for which it has a comparative advantage and trade those goods for those that another country had a comparative advantage for producing. While each nation may be working for his own gain in trade, there is also a concern for the overall gains of all states. Mercantilism may have worked in the past, but in today’s world it is important to create strong foundations for the future. Selfishness and personal gain is not doing anything of value in the world. Interdependence is also furthered economically with the importance of multinational corporations (MNCs). These mostly private institutions conduct business in more than one state concurrently and are located mainly in the world’s leading industrialized states. MNCs are important to states in that they generate new wealth. For the most part, they are industrial corporations that sell products made in factories all over the world to consumers in different states. Also under the heading of MNCs are service corporations. These include chains of restaurants, hotels, airlines, and other businesses that operate by providing services. Financial corporations are also considered multinational corporations. With most of the world’s banks being Japanese or European and money moving across borders as much as $1.5 trillion each day (Goldstein, 423), banks and other financial corporations make up some of the most integrated institutions of the world.Show MoreRelatedCooperation Between Nations And The Involvement Of International Institutions898 Words   |  4 PagesDespite the more pessimistic view of international cooperation of neorealists, neoliberals believe that cooperation can be a norm in international relations. Neoliberals see that cooperation is possible due to the interdependence of nations and the involvement of international institutions. Even though neoliberals have this outlook on cooperation, they still share the same core ideas of neorealists, but reject their conclusions. 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