POLI 243 Lecture Notes - Lecture 4: Hegemonic Stability Theory, Robert Keohane, World Trade Organization
4 Sep 2016
School
Department
Course
Professor
Document Summary
The international economy appeared to function well in the 50s and 60s. Then the bretton woods monetary regime collapsed in the early. 70s: opec lessened oil production and raised prices in order to protest and change western treatment of muslim states and palestine. Make decisions together otherwise you must negotiate to settle disputes. Us on gold and silver, which differs other actors: bretton woods: formal arrangement created in a conference where imf countries negotiated and committed to rules (1944). Uh, midst wwii , us has the world"s gold in its central bank. o. Why do some persist, others evolve, but some fail: 70s arguments about trade/ seas. Realists: hegemonic stability theory: study the bargaining and negotiations of conferences. Bretton woods: many actors unhappy with the rules and procedures (ussr leaves, but many countries feel forced to sign on due to us influence (france complains, but cannot transform the rules)
