Neoliberalism and Globalization

1. Choose a paradigm or school of thought or approach to the study of international relations (Neo-Liberalism in this case) and describe the approach. What are the key elements of this school of though? What common elements unite theorists writing in this tradition? What different variants of this approach exist? What are the core theoretical works in this tradition, and what makes them part of this tradition of inquiry? To what extent might this approach overlap with other approaches/paradigms?
2. Discuss the advantages of this approach. What is it good at explaining/describing/analyzing? What kind of questions does it lead people to ask? Does it offer predictive value? At this point, work in an example of a specific theory or hypothesis or issue that is exemplary of the approach you are discussing. Assess the utility of the specific example you provide and the school of thought in general.
3. Discuss the disadvantage of the approach. What does it ignore? What are major criticisms of the approach? Do you feel these criticisms are warranted? Do you have your own criticisms or rebuttals to these criticisms to offer? [This is an opportunity to provide your own appraisal and synthesis of the material, rather than citing someone else’s opinion.
4. Apply the approach in question to a contemporary issue (Globalization in this case) in international relations that is of interest of you. How would this approach to international relations explain the core issue, what would it predict for the future and what would it fail to see? Do you find the approach in question useful for understanding your chosen issue, or is it a school of thought that leads adherents down blind alleys (or even worse, policymakers into dangerous choices)?
*Please follow the instructions and format above strictly. Make sure the paper focuses on neoliberalism the IR paradigm, not the common usage of the term.
***Please use endnotes.