A Marxists Standpoint, International Economic Institutions

From a Marxist’s standpoint, international economic Institutions have no advantages whatsoever. Chimni argues that the growing international institutions constitute an imperial global state in the making (Chimni, 2004). Chimni explains that creating a global state fulfills the interests of a transnational capitalist class within the international realm at the expense of the social classes in the developing and underdeveloped countries (Chimni, 2004). Chimni criticizes the institutions’ calls for cooperation and interdependence. He argues that institutions affect the sovereignty of states, leaving developing countries unable to control their domestic affairs (Chimni, 2004). He mentions that reforms are essential to face the capitalist dominance of international institutions. He concludes that with the help of a powerful global social movement, change is possible (Chimni, 2004). Neoliberals’ view of the IMF: Susanne Soederberg argues that the driving force behind globalization of the economy has been the actions of states, and not necessarily global economic institutions, such as the International Monetary Funds. Soederberg explains that to overcome systemic crises, states must restructure the configuration of power, material wealth, and ideational practices, as crises do not occur because of the globalised market, but rather within and between states (Soederberg, 2010). Using examples of Mexico and Thailand, Soederberg argues that the global capital cannot be blamed forShow MoreRelatedTheoretical Orientation And Framework. Employer-Employee5229 Words   |  21 Pagestheir trade unions. Liu (1997) sees the role of the state in capitalist societies as contentious and that there is no agreement on the most powerful actor in industrial relations. Liu (1997) asked whether state agencies are embedded within class and economic processes or autonomous from society. Different theoretical viewpoints can be identified on the role of the state in industrial relations. These include liberal, functional, structural, social democracy, pluralism, corporatism, statism and structuralRead MoreEssay on Georg Lukacs, quot;the Ideology of Modernismquot;7555 Words   |  31 PagesJames Joyce, William Faulkner, Robert Musil, and so on). This essay is his attempt to distinguish the two absolutely, in favor of course of realism. Basically, for Lukacs (and for the Soviet Union), modernism is the last desperate cry of a dying economic system, capitalism. As late capitalism crumbles, it generates more and more alienation and meaninglessness in its citizens, and modernism is the attempt to reflect that collapse of value and meaning and human belonging in literary form. Because