POL 2103 Lecture Notes - Lecture 4: Bretton Woods System, Self-Service Laundry, General Agreement On Tariffs And Trade
23 Jul 2018
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Document Summary
Resurgence of neo-realism as a result of the cold war. Takes waltz"s assumptions and accepts them and makes them the assumptions of liberalism. States = "rational: pick the choices that maximize their gains. Biggest obstacle to cooperation = non-compliance (cheating: partners might not fulfill their ends of the agreement. For every person who gains, there must be someone who loses. The presence of international institutions changes the dynamics of ir: can set a new path. If you don"t have these effective institutions, the outcomes will be what neo-realist predict. The puzzle: hegemonic stability theory and (liberal) international. Neo-realism"s answer to (existence, prevalence of) international institutions: only theorists to pay attentions to international institutions. Economic focus: only theorists to focus on economic factors. Why do liberal international (economic) orders exist in a realist world: only theorists who answer this question, explain the character of these institutions. Ex: bretton woods system of multilateral financial institutions post-wwi.
