Neoliberal conflict and ‘democratic peace’: The post-cold war crisis

Abstract

ABSTRACT This article conducts a comprehensive analysis of the inadequacy of the neoliberal peace theory, a derivative of the democratic peace theory, in its endeavour to establish global stability. Drawing upon case studies from the First Gulf War, the Balkans, the Democratic Republic of Congo, and the Northern Triangle of Central America, it becomes evident that the ambitions of the neoliberal peace framework have consistently fallen short of their objectives. These practical instances underscore the inherent constraints and oversimplifications of the theory when addressing the intricate dynamics within international relations. This article highlights the multifaceted nature of the pursuit of global peace and calls for the reassessment and adaptation of the neoliberal peace theory to align with the requirements of the contemporary world. The efficacy of neoliberal initiatives in promoting peace is evaluated, shedding light on their limitations. Additionally, the article explores lack of a direct correlation between regime type and peace by citing the failure of neoliberal peace in the context of illiberal trends with in democracies. Neoliberal trapping of liberal democratic peace theory, which turns out to be an inevitable crisis in peace building is discussed, scrutinising the instigation, exacerbation, and perpetuation of conflicts in the post- cold war era using the indicators of democratisation, economic interdependence and international organisations.