POLI 243 Lecture Notes - Hegemonic Stability Theory, Public Choice
18 Mar 2014
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Document Summary
Summary of keohane"s, demand for regimes pages 1-10. Article attempts to improve our understanding of intl order and intl cooperation, through interpreting intl regime-formation that relies heavily on rational-choice analysis in the utilitarian social contract. Keohane explores why self-interested actors in world politics should seek, under certain circumstances, to establish intl regimes through mutual agreement. Also explains how to account for fluctuations over time in #, extent & strength of intl regimes on basis of rational calculations. Hegemonic theory fails to explain lags between changes in power structures and changes in intl regimes and avoids answering why intl regimes seem so much more extensive now in world politics. Argument of article seeks to correct fault of hegemonic stability theory by incorporating a supply-demand approach from microeconomic theory. Article focuses principally on demand for intl regimes in order to provide basis for more comprehensive & balanced interpretation. Focus on strength & extent of intl regimes, not content or effects.
