PSIR Optional

Trading state in liberal theory of IR

Trading state in liberal theory of IR

THE CONCEPT OF TRADING STATE

  • Richard RoseCrance – Gave concept of trading states. Eg – At present Japan, Germany, till WW2 USA, till very recently China (peaceful rise).
    • Alternative to trading states is former USSR, Germany under Hitler, USA since 2001. Acc to Rosegrance trading state model is a better model for the countries. The countries which relied more on militaristic state i.e military power have suffered more, for eg – USSR disintegrated. The decline of USA hegemony started once it started relying too much on hard power.