In Gilpin's book, The Political Economy of International Relation, he states that “Although my values ​​are liberal, the world we live in is best described by the ideas of economic nationalism and occasionally also by those of Marxism." (Gilpin, pg. 25) This statement was made decades ago and cannot be considered entirely true for the world we live in today. Since then, many changes have occurred in the world that Gilpin's statement does not take into account. These changes include new technological advances such as the Internet and the emergence of multinational corporations. Such advances may have dramatically changed the way international economic policy operates. We must analyze Gilbin's statement by considering the three different ideologies he mentions in his book, liberalism, economic nationalism and Marxism. By using these three ideologies as the basis for our analysis and considering the world economy and current events, we will be able to determine the correctness of his statement and develop a new analysis of the current state of the international political economy. Let's start by considering the ideology of liberalism. Gilbin states that liberalism “presupposes that politics and economics exist, at least ideally, in separate spheres; argues that markets should be free from political interference.” (Gilbin, pg. 26) The main goal of liberalism is to separate politics and economics. There should be no interference by the government or any political power “in the market, except in cases where a market failure exists or for the purpose of providing a so-called public or collective good”. (Gilbin, p. 29) Without political interference, it is assumed that the market will be driven by consumers and will always return to equilibrium in the...... middle of paper ......sm and beyond shows that the current world economy is guided by the ideals of liberalism. In his book, Gilbin stated: "Although my values ​​are liberal, the world we live in is best described by the ideas of economic nationalism and occasionally by those of Marxism as well." (Gilpin, pg. 25) During the time his book was written this statement was true. The world has seen a great increase in government interference in the economy and little in liberalism and Marxism. Soon after, many governments began to allow greater international free trade, which in turn shifted the outlook from economic nationalism to liberalism. Countries saw a sharp increase in revenue and multinational corporations began to have more control than states. Now the current international economic policy follows the ideology of liberalism by pursuing a free government economy driven by capitalism.