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POLB81H3 Lecture Notes - 1997 Asian Financial Crisis, Washington Consensus, Transnationalism

Political Science
Course Code
M.Hoffmann- Universityof Toronto

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1/13/2013 6:45:00 PM
Global Governance Forum
Of what is this an instance ?
o - what is a specific example of
o -classification of something
o -Theorizing (moving from facts to abstract framework)
Pirate Retires (Article)
o Piracy of the East coast of Africa , (Somalia failed state)
o He is encouraging his colleagues to quit as well
o European Union task force has tried to reduce piracy
Global Governance
o European Union control and patron areas
o Merchant navies forming unions to end piracy
o Informal governance : private navies are not public navies
o IT s considered an instance of transnationalism : private corporations that got
together to maintain rules and protect their shipping.
o It is also considered insitutionalism because of .. UN and EUROPEAN UNION
o First War US was with the Ivory Cost Pirates;
o Different lenses point you to different aspects at hand ;
o Both instituionslaism and transnationalism can work together because of
INTERNATIONAL LAW ( instance of how these different perspectives give you a
different take)
Emergence of Global Governance
o Global Governance is both new and not new ( there has always been rules and
regulations, however new in a sense of playbook for global issues )
o 1648 , Treaty of Versailles ; playbook used by states!
o UN system , Bretton , IMF , etc ,regional organization NAFTO , ASEAN , NATO , EU
( very familiar part of daily global life )
o IO result of cooperation and cooperation ( States have to cooperate to deal with
the issues that they cannot deal with themselves )
o The existence of terrorist groups . NGOS, etc ; necessary conditions to create
global governance, BUT DOESN’T MEAN we have to a transitional governance.
o IO is not collective to talk about global governance ,

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o IGOS: states have cooperated and agree that they are necessary, system of IOS is
based on powerful leaders and what they want. Sometimes their interest coincides ,
sometimes it doesn’t and conflicts ; politics of international organization !
o Security council is set up to engage in that power relation ( VETO POWER)
o What was the most significant process when it came to the state system :
o Enormous influx of new state actors , and host of new concerns on the international
agenda !
o The old UN members , are not necessarily as powerful as new emerging actors.
o NIEO stands for : new international economic order ; essentially a movement of
decolonization to really alter the system.
o IGOS don’t really help us deal with current realities
o 33. IGO , compared to the 1940s people information ideas germs also moved more
freely ; IGOS = manage problems and be better states , and to help because of
interact as relative equals! New ideas of who is able to govern and who gets to
define , who gets to set the rules ( who has authority?)
Authority is also about legitimacy rather than ONLY power , legitimacy has some
sort of consent aspect pertained to it.
Authority Sources : Democracy- legal , ; monopoly on force , socially accepted views
(Tradition)-religion , Expertise , Money/success …etc
o Classifying based on
o Specific purpose : what are the rules made intended to do ? Large scale
purpose and specifif
o Distinction between problem solving , critical transformation
o what do we need : what is the nature of the issues , all the answers are
related to purpose ,
o what do we have to work with
o Governing through IGOS , problem solving ,
o Security , managing ; and it is an instance of protecting states and their
involvement and interactions; GOVERNANCE THROUGH IGOS IS SOLVING
o Need cooperation : states need to deal ; why and when states decide to
cooperate ! Inter-state cooperation.

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o Fix states problems
o IGOs as actors , and how d they create their agenda , and define and
approach their problem
o World Bank : Reconstruction and development (Europe devastated after
world War two )
o Tools : development , protection , basis of authority for IGOS : legitimacy of
the state (Delegated authority), expertise (know how to solve problems)
o Petro Dollars:
o Increasing interest rates , reduces the amount of extra money in the system ;
Jack-up interest , if US heightens intereste rates , than everyone else goes up
; price of the loans that developing countries take up. Homeowners :
foreclosure , defaults ( Massive defaults on these loans)
o IMF : austerity measure , reducing budget deficit moving towards free trade
and financial liberalization ; this set of expertise is either good or bad ;
o Purpose : Maintainig the state service
o Nature of the Problems : state interaction and state needs ; Which states and
needs are prioritized and how ?
o Tools : delegated authority and expertise (technocratic)
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