ATS2624 Lecture Notes - Lecture 12: Hegemonic Stability Theory, Global Governance, Hegemony
25 May 2018
School
Department
Course
Professor
Global Governance – Lecture – Week 12
- global gov system - who’s interests does it reflect? who is represented? what it
does, can achieve - different conceptions of global governance
- module 1 - theories
• realism - focus on rules, principles - which stipulate how states can act -
institutions - extent to which institutions constrain behaviour - to what
extent can institutions mitigate anarchy - realists - institutions are only
the instruments of the great powers
•
o hegemonic stability theory
o
▪ in the right context a hegemon can constrain the self
interest of states
▪ serves its own interests but also the interests of other
states
▪ unlikely to last due to costs associated with being the
hegemon
• liberalism - similar to realism
•
o more positive about the ability of institutions to constrain the self
interest of states
o institutions make states more likely to be cooperative - produce
transparency, information
o slaughter - states within globalisation - disaggregating - global
governance happening between technocrats
• constructivism
•
o more normative view
o institutions have authority on their own
o norms diffused from the global to the local level - global
institutions shaping behaviour through norms
o cant explain why some norms are successful and others are not -
weakness
• neo-gramscian theory
•
o understand global governance as a mechanism of control and
exploitation
o class exploitation
o key to global gov systems - construction of hegemonic world
orders
• gender approaches
•
o gendered nature of institutions
o global gov can reproduce gender hierarchies
o can allow for a challenge to these hierarchies
module 2 - history and evolution
• need for global gov first emerged in 19th century
• emergence of capitalism
• in order to manage and govern the increasingly integrated world
find more resources at oneclass.com
find more resources at oneclass.com
• post ww1 settlement - concentrated on making germany pay
• new international system - setup after ww1 - league of nations
•
o hoped would promote multilateralism, open diplomacy and
collective security
o failed because of its punishment of germany
o failed - didn’t govern the economy
o failed - lack of us leadership
• bretton woods
•
o us took a leadership role
o integrated losers of the war
o designed a system of monetary cooperation
o embedded liberalism - global rules would be subordinate to
interventionist domestic policies
o states should be able to pursue policies that guarantee social —
o marginalisation of the global south
o global south challenged the system itself through - e.g. OPEC
• neoliberal world order
•
o two key driving forces
o
▪ neoliberalism
▪
▪ belief in the free market - best way to organise
society and economy
▪ globalisation
▪
▪ shrinking of the world possibly leading the creation
of a global economy
o washington consensus
o
▪ sought to disembed markets from social norms
o diversification of actors engaged in global gov
o
▪ move away from states
▪ NGOS, transnational corporations etc
- module 3 - contemporary issues
• global financial crisis
•
o shortcomings of neoliberal world order resulted in crisis
o response to the crisis from global governance
o
▪ managed to prevent another great depression from
happening
▪ new rules, institutions and regulations
▪ sought to create oversight over risky financial instruments
and transactions
o crisis largely remained unresolved
find more resources at oneclass.com
find more resources at oneclass.com
