Global Change threatens the liberal order Assignment

Global Change threatens the liberal order - Assignment Example The world economy has been working in quite a complex way in the past decade. The critical role has been played by the global financial crisis and breakdown of the American rule and power (Groody, 2002). The paper is an analysis of present situation of the international liberal order and trends that have threatened its presence in the current context. The paper also analyses an antithesis that supports the previous order and concludes on a choice between the two opinions. Liberal order in the context of liberal internationalism assumes that governments and people have a shared common interest towards establishment of the global cooperative world, despite the existence of restrains, sovereign equality and reciprocation. The optimist view for international liberal order goes forth to discuss that all states have the ability to overcome constraints with a view to cooperate, thereby resolving security issues, working towards collective action and consequently, developing a stable and open system (Steins, 2004). United States of America was deemed to be the champion of international liberal order until the twentieth century. The sponsor, function and role of United States have undergone a major change over the recent years. Facts such as, those pertaining to geo-political position of the United States, have been responsible for shaping up America’s liberal order, but more important aspects are the logic and character of this very liberal order placed within the global context. The political system of the western world, including currency, technology, alliances and markets, has been fused with the liberal order for providing a base for liberal internationalisation. During the Cold War, the United States developed towards becoming operator of the global capitalist form of liberal political order (Ikenberry, 2011). With closure of the Cold War, peaceful terms that emerged were more in