CRITISIM ABOUT IMF AND WORLD BANK
3
Basic of liberalism
Liberalism is one of the oldest theories and it contrasts to realism that has rather pessimistic
approach not like liberalism that tries to be optimistic. The theory emerged to show the futility
of war and the idea of creating a better future. You can find four types of liberalism (Jackson,
2010) but in this essay we are foucused more on institutional liberalism whereby the role of
international institutions lies in transnational cooperation. Liberalists belive that international
relations are based on collaborative work. Liberalism also belives that humans are naturally
good. This theory is mostly influenced by Locke, Bentham and Kant (Jackson, 2010).
Liberals want to remove the influence of the state in commercial relations between businesses
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