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Provide a 6 pages analysis while answering the following question: Multilateral Diplomacy: Its Greatest Success. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. However, since the 1970s, a school of thought (most commonly) known as neoliberal institutionalism has challenged this neorealist cynicism. The institutionalists perceive three principal challenges to international cooperation in conventional wisdom: the importance of states as the wielders of power in international politics, the structural constraints posed by anarchy in the international system and the unharmonious nature of cooperation in world politics (Keohane 1988: 87-89). Their response maintains that states are rational actors which persist in maximizing their potential (absolute) gains in the competitive anarchical environment through the vehicle of international cooperation (Lamy 2001: 213-214).

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