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Which theory of political economy (i.e. economic liberalism, mercantilism, or structuralism) best explains the global economy as it currently exists? Is the global economy changing

  • "Which theory of political economy (i.e. economic liberalism, mercantilism, or structuralism) best explains the global economy as it currently exists? Is the global economy changing toward something else? In either case, why?"
  • What should my thesis be? I am claiming it is best defined with economic liberalism.
    • This is my thesis as it stands now: The global economy islargely shapedby economic liberalism, as nations' political economies are most influenced by their participation in the global market; however, moving forward with the current challenges of globalization, more countries are concerned for their workforce, and they are attempting to reform their economies with economic nationalism.

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