POLI 359 Lecture Notes - Lecture 2: Hegemonic Stability Theory, Selection Bias, Hegemony

• School: McGill University
• Department: Political Science
• Course: POLI 359
• Professor: Leonardo Baccini

Document Summary

Keohane: small tc, little incentive to establish formal international regimes because this is costly. -> have cooperation that arises informally through informal agreements (no cost of establishing formal regimes: high tc, high incentives, very high, tc incentives. M"s criticism: (using eu creation regardless of very high and very low tcs, case-study) -> how can we enforce nafta: there are instruments like enforcement mechanisms in wto that force even powerful countries to comply with the threat of retaliation from other countries. -> hst: we need hegemonic countries because they will be the ones who are willing to pay the costs of establishing international organization (when the all other countries can reap the benefits of international cooperation) Periods of openness and hegemony: 1820-1912 british hegemony--> greater openness, 1918-1939 interregnum--> closure, high tariffs, very protectionist policies, 1945-today us hegemony--> greater openness. Hst and its strengths: hst is an elegant and powerful theory.