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liberal institutionalism= institutions can create peace out of international anarchy. These types of governments believe that multilateral relationships are helpful in creating cooperation and interaction between differing states. The belief that institutions like the UN help middle powers receive more access to the international forum to discuss issues such as terrorism, global warming and humanitarian issues which need to be discussed in a multilateral context because they affect everyone. Liberal institutionalists believe that domestic politics are important to foreign reltions because state preferences are important and should dictate governments decisions.

neorealism= Believes international institutions can't create peace and cooperation among states. They believe that state's must maximize power to achieve security. The strongest power needs to have other country alliances. Trade and security is first priority over human rights and value promotion. Dislikes multilateral relationships such as the UN. Does not believe they are very useful. Bilateral relations are key to power and security Neo-realism also believes that domestic politics do not affect foreign policy because the public is not informed in this arena.

That's it in a nutshell. If you are interested in a more critical look at it, I'd recommend the works of Mearsheimer for neorealism and Keohane for liberal institutionalism.

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Q: What is Liberal Institutionalism and neorealism and what are their major differences?
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