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PSIR Optional PYQ Solutions · Model answer

Comment: An oligopolistic global system

  • UPSC 1994
  • 20 marks
  • Recent Developments in Indian Foreign Policy

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An oligopolistic global system is one dominated neither by a single power (monopoly, or unipolarity) nor by many equals, but by a small club of great powers that compete with one another while jointly controlling the rules, institutions and entry. The analogy comes from microeconomics: Kenneth N. Waltz (Theory of International Politics, 1979) built his…

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  • The 1994 context
  • Critiques
  • The oligopoly today
  • Conclusion
PSIR Optional PYQ Solutions

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