An analysis of the strengths and weaknesses of realist, neoliberal and Essay

An analysis of the strengths and weaknesses of realist, neoliberal and social constructivist approach on European integration and European security - Essay Example Firstly, the end of the Cold War would increase relative gains concerns among the European states, creating barriers to cooperation. Secondly, institutions could not overcome this barrier to cooperation. (Smith, 2000, p.40). In Mearsheimer's view international institutions were 'merely an intervening variable in the process' by which the balance of power mechanism leads to war (Mearsheimer, 1995a, p.13). Neorealist Joseph Grieco (1995) argued that the successful negotiation of the Treaty on European Union (TEU, 1992) and Economic and Monetary Union (EMU) rebuked the neorealist theory that states hold international institutions in low esteem (Rosamond, 2000, p.133). Further, a more likely explanation of the EU's longevity was the post-Second World War balances of power politics (Rosamond, 2000, p.134). Grieco stated that throughout the last 20 years: Grieco's alternative hypothesis offered a potent explanation for the intensification of European integration in the 1980s/1990s. For Grieco EMU negotiations were an interstate bargain without initial supranational sponsorship. This questions how and why states came to choose the mode of EMU development in the TEU (Rosamond, 2000, p.134). "if states share a common interest and undertake negotiations on rules constituting a collaborative arrangement, then the weaker but still influential partners will seek to ensure that the rules so constructed will provide sufficient opportunities for them to voice their concerns and interests and thereby prevent or at least ameliorate their domination by stronger parties". (Grieco, 1995, p.35) The key question for Grieco was "why did the EC countries undertake such an ambitious risky, programme of institutional innovation as is envisioned by the Maastricht Treaty, and especially its elements on EMU" (Grieco, 1995, p.23) More specifically, Grieco argued that neorealism faced "an acute need" to explain why "key middle-rank" EU members, particularly France and Italy, decided to "join with a potentially hegemonic partner in an economic balancing coalition" (Grieco, 1996, p.304). Grieco proffered a revised neorealist argument about secondary states and the interests that might lead them to cooperate with stronger partners through international institutions (1995, p.24). There were economic and policy influence benefits for doing so (Grieco, 1996, p.287). The 'voice opportunities' associated with participation in institutions offered states a means both to encourage the 'compliance of stronger partners' and to address any unequal distributions of gains which may arise in the course of cooperation (Grieco, 1996, p.288). Grieco believed that 'neorealism should be amended to ascribe significance to institutions' because the 'voice opportun

Case Study Example | Topics and Well Written Essays - 500 words - 4

Case Study Example Corporate accountants have always maintained a degree of confidentiality about companies’ finances. Confidentiality principle of accounting requires accountants not to disclose information acquired during their practise to third parties. It clearly stipulates that information acquired from professional or business relationship be kept confidential unless there is legal or professional right or duty to do so. Such information belongs to the company and should not be put into any personal use. Therefore, an accountant must take the necessary measures to mitigate any threats that might occur in the course of practising. However, each engagement and work assignment differs in threats it presents, which means that it is the work of an accountant to identify, evaluate, and deal with the threat to confidentiality. Professional competence and due care is another principle applicable to this scenario. Accounting profession keeps changing to incorporate new skills and information. It is the duty of an accountant to ensure that they keep themselves updated. They must maintain professional knowledge and skill to ensure that the clients receive competent services. Any developments in the profession or in the legal system must be included in the practise. An accountant who acts in due care is one who follows all the technical and professional standards in their practise. Objectivity is another principle applicable to the scenario that requires accountants to act independently. He should not allow undue influence from thirds parties. Corporate accountants should not allow bias in their work and should relinquish their personal interests to accommodate professional judgements. Additionally, a professional accountant must act with the highest level of integrity because of they are entrusted with preparing financial accounts of organisations. Although the principles of loyalty and confidentiality should