Critique Reading Literature & Language Essay Research (Essay Sample)

International Political Economy
Name
Institution
Critiquing Readings from World Politics by Frieden and The political Economy of International Relations by Gilpin
Frieden by asserting that trade policies depend on a country’s self-interest, beneficial interactions and institutions which have significant influence basically applies a narrowed spectrum of logic. He fails to comprehend the minute components within the country like the impact of the social system and the principles with which each component in the social system identifies itself with and exemplifies. Frieden basically believes that decisions regarding trade policies lie solely with the ruling class and those with influence which is not true. Evidence has shown in some nations where citizens condemn the ruling class over the trade policies adopted by them and eventually those policies are reviewed.
Gilpin by alluding that a market solely exists to satisfy human wants, assumes that all parties participating in trade benefit in the process. Unfortunately, it may not be so since Gilpin reasons from an ideal trade situation whereby all parties are assumed to have benefited from trade. Frieden argues that there has to be a looser and winner. Basing on the law of demand whereby demand increases when prices falls may be a restriction making it unfeasible for all parties to benefit. Currently, with how volatile the dynamics of the market has become which increases competition, it is rare to see all parties benefiting from the market.