ABSTRACT
Neoliberal institutionalism is one of several major approaches to understanding world affairs. The dominant approach has been some version of realism, and currently neorealism and neoliberalism are usually pictured as offering contrasting conclusions about the nature of the world and what policies should be fashioned for it. Other major approaches include constructivism, neo-conservatism (“the neo-cons”), and neo-Marxism. All address the absence of world government. Of all these theories, neoliberalism pays particular attention to global govern ance.
