Monday, 23 September 2013

Rational Choice Theory

Definition: An economic principle that assumes that individuals always make prudent and logical decisions that provide them with the greatest benefit or satisfaction and that are in their highest self-interest.

Ethical foreign politics are laws or fundamental actions that are done during any activities that are associated between different countries and Rational choice theory can affect it by undermining the trust between countries. Each one of them will think the country that they are interacting with are taking advantage of the trade that is happening. However, it can also be beneficial as the countries are earning what they require and need and the optimal condition. Hence, Rational choice theory can have a negative as well as positive impact on the ethical foreign politics.

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