International Relations Theories in the British Prime Minister David Essay

International Relations Theories in the British Prime Minister David Cameron's Speech to the Canadian Parliament - Essay Example Cameron emphasized the British and Canadian relationship in many parts of his address. He reminded the Canadians about their affinity to the monarchy - to the Queen and to the royal family. The Canadians are still ceremonially led by the British monarch and the citizens are favorable to such system, having high regard for the members of the Royal family. He highlighted the close relationship of the two countries, serving as a platform to introduce the successes that they achieved when they worked together in the past. Canada has always supported Britain in its military efforts and Cameron was quick to capitalize on the successes of this partnership. He referred to the two World Wars and appealed to the emotion of his audience by declaring the indebtedness of his country to the courage and commitment of Canada: In our darkest hour in World War II, Canadian naval forces helped keep the sea lanes open during the battle of the Atlantic running convoys across the Atlantic week after week, braving mines, submarines and blacked out silent ships. All of which proved absolutely fundamental to our ability to survive as an independent country.   The above variables became significant as Cameron outlined the modern global problems - security and economy. The trends in the global landscape, particularly those as explained by the globalization principle, made it possible for the economic upheavals to be felt all over the world. This is especially true in the case of negative consequences. In addition, to this there is also the fact that as states are incorporated into the modern global system, their coercive capabilities were undermined, in effect, â€Å"weakening [their] legitimacy and subverted [their] capacity to manage the inevitable engagement with the global economy† (Burnell and Randall 25). There is an attempt, as demonstrated, by Cameron’s speech to go back on past alliances to cultivate new and stronger partnerships so that Britain and Canada could effectively navigate the international economic system brought about by the globalizing forces. This in consonance with the liberal theory, wherein states are partners in the development process. It is important to remember that a crucial characteristic of dependency theory and liberal theory is that both are products of history and stages by which international order emerged. By drawing on the two country's unique and close relationship and by highlighting the shared history, Cameron employed the strengths of the dependency theory and built a case for partnership, congruent to the liberal ethos, in order to advance economic cooperative measures. For instance, as previously mentioned Cameron has cited the numerous instances wherein Canada supported Britain. He did not fail to imply, however, that Canada could benefit from such support. He cited the case of Britain’s support for the Canadian resolution at a G8 summit, the Muskoka Initiative. He also hinted at the crucial role of Britain in the capability of Canada to strengthen its defenses. The theme of Cameron’s speech marginalized other theories such feminism and global ecopolitical theories. They were not significant in the themes that he chose to elaborate on. With regards to dependency theory, there was no

The UK government is right to listen to claims that large banks should Essay

The UK government is right to listen to claims that large banks should be broken up - Essay Example The impediment is that every niche of this argument is based on a myth. The first misleading notion is that the materialization of huge, universal banks- uniting investment banking with commercial banking- was an unnatural or artificial development. This disjointed market means that banks could not accomplish the economies of scale or simply supply clients on a global or national level. The market needs stimulated the consolidation and gave birth to an evolution towards greater competency in the banking sector.3 A second erroneous belief is that these universal, large institutions were primarily to give guilt for financial crisis. As most grave observers recognize, an amalgamation of risk management and bad lending by poor regulation, bank management and poor-advised consumer performance all played a role. A third misleading notion is that huge financial institutions have become too intricate to supervise. A firm of any size needs strong management and control to supervise complication. In reality, big global institutions have frequently proved more elastic than others because their expansion in business model makes sure that loss in one department of enterprise can be stifled by revenues in other departments of the organization. In some instances, intricacy can be a remedy to risk, instead of a reason of it. 4 The opponents of huge banks that are seldom aired similar to they don’t qualify for examination. Critics point to the excessive influence huge banks mostly has on the political procedures. They panic that those regulators are intimidated by a big bank’s power and position. These opponents appear to consider that regulators are not capable of coming up with independent verdicts. In the practical world, this instance is not true. That supposed, it is genuinely right and mandatory for politicians and regulators to employ with industry and experts practitioners to be trained about these issues. These