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Forming the World Economic Order - A critical discourse analysis of a trade policy paper by IMF, World Bank and WTO

Hård, Ronja Mikaela LU and Tuomaila, Henrietta (2018) STVA22 20181
Department of Political Science
Abstract
Power dynamics play a significant role in the international institutions and in the global economic order, thus advancing some and disadvantaging others. Trade is a crucial aspect of this order since it is one of the fundamental pillars that constructs the world economic order itself, and international institutions have a dominant position in forming the discourse on global trade through their policies. We will therefore analyze how IMF, World Bank and WTO portray trade in one of their more recent policy paper “Making Trade an Engine of Growth for All” to understand how this affects the global economic order. In order to analyze the paper we will use Norman Fairclough’s critical discourse analysis on the primary material. In our research... (More)
Power dynamics play a significant role in the international institutions and in the global economic order, thus advancing some and disadvantaging others. Trade is a crucial aspect of this order since it is one of the fundamental pillars that constructs the world economic order itself, and international institutions have a dominant position in forming the discourse on global trade through their policies. We will therefore analyze how IMF, World Bank and WTO portray trade in one of their more recent policy paper “Making Trade an Engine of Growth for All” to understand how this affects the global economic order. In order to analyze the paper we will use Norman Fairclough’s critical discourse analysis on the primary material. In our research we will use critical international theory by Robert W. Cox and Dependency Theory. The study concludes that the reality that the policy paper constructs through its discourse regarding trade advances neoliberal ideas. The paper does not question the current world order and therefore maintains the power disparities within it. (Less)
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author
Hård, Ronja Mikaela LU and Tuomaila, Henrietta
supervisor
organization
course
STVA22 20181
year
type
L2 - 2nd term paper (old degree order)
subject
keywords
Economic discourse, Power disparities, Critical
language
English
id
8940191
date added to LUP
2018-10-24 17:01:06
date last changed
2018-10-24 17:01:06
@misc{8940191,
  abstract     = {{Power dynamics play a significant role in the international institutions and in the global economic order, thus advancing some and disadvantaging others. Trade is a crucial aspect of this order since it is one of the fundamental pillars that constructs the world economic order itself, and international institutions have a dominant position in forming the discourse on global trade through their policies. We will therefore analyze how IMF, World Bank and WTO portray trade in one of their more recent policy paper “Making Trade an Engine of Growth for All” to understand how this affects the global economic order. In order to analyze the paper we will use Norman Fairclough’s critical discourse analysis on the primary material. In our research we will use critical international theory by Robert W. Cox and Dependency Theory. The study concludes that the reality that the policy paper constructs through its discourse regarding trade advances neoliberal ideas. The paper does not question the current world order and therefore maintains the power disparities within it.}},
  author       = {{Hård, Ronja Mikaela and Tuomaila, Henrietta}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Forming the World Economic Order - A critical discourse analysis of a trade policy paper by IMF, World Bank and WTO}},
  year         = {{2018}},
}