YOU NEED GIVE A TITLE FOR IT Essay Example | Topics and Well Written Essays - 2250 words

YOU NEED GIVE A TITLE FOR IT - Essay Example The paper will focus on brief explanation of international theories such as realism, Marxism, liberalism, internationalization and constructivism. A case study of Referendum in Scotland will be provided, and explain its effects on the political, social and economic status of these countries. Finally, the paper will focus on how political, Economic, Social and Technological (PEST) factors affect the international business. They will be analysed alongside the mentioned international relations theories. In international relations, realism is a complex ideology that refers to a number of important issues. Firstly, it refers to political and economic egocentric tendencies, where states seek to protect their personal interests (Scott, 2003). There is an assumption that there is no international government, hence protecting the sovereignty of nations (Grosse & Behrman, 1994). The realism theory indicates that the failure to subscribe to an international government can be viewed as a state of ‘anarchy’ but it is imperative the pursuit of state’s interests (Devetak, Burke & George, 2013). The presence of an international government can undermine the autonomy and sovereignty of other nations (Buzan & Little, 2003). Under realism ideology, every country, no matter how powerful or inferior it seems, is out to protect its political, social, and economic interests at all costs. In general, realism theory is characterised by power politics, where conflict is also common (Sc ott, 2003). However, conflicts are managed, and when it escalates, diplomacy is perceived to be the best tool. Under realism, the universal moral standards are not always recognizing in every state. Different moral standards and laws will be established depending on the interests a country is trying to pursue. While there is an assumption that all humans are