The Strengths and Weaknesses of Neoliberal Institutionalism
Realists also tend to discount the efforts of institutions and non-state actors and to emphasize the probability of hegemony as a necessary precondition to international stability.

Strengths of Neoliberal Institutions

Five specific strengths associated with the theory of neoliberal institutionalism will be presented in this section of the report. First, Robert Keohane and Joseph S. Nye have pointed out that a major strength of this approach to studying international relations and positing the structure of those relations is the recognition of growing interdependence among societies. New technologies have changed a feature of complex interdependence -- i.e., a world in which security and force matter less and countries are connected by multiple social and political relationships. What has changed is that the dramatic cheapening of information transmission has opened the field to loosely structured network organizations and even individuals. Consequently, growing interdependence is seen by these analysts as weakening the power of states, a power which is further weakened by greater access to all kinds of information made possible by new technologies.

A second strength of neoliberal institutionalism is that it fully takes into account the growing interconnectedness of national economies and the creation of a global economic order in which states and their ability to compete may be less sig

 
 
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