POL208Y1 Lecture Notes - Lecture 23: Robert Keohane, John Ruggie, International Criminal Tribunal For The Former Yugoslavia
Io"s are institutions; not all international institutions are io"s. All international regimes are institutions; not all institutions are international regimes (check slide) Hardin: ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all. Common (public good): jointness of supply and non-exclusiveness. Possible solutions: privatization, division to smaller numbers, selective incentives, institutions. Not all environmental issues stem from the commons" problem. National borders do not match natural" boundaries: rivers, migrating species. Some private goods" have far reaching externalities: rain forests; mineral reserves; fishing etc. An externality occurs when a decision imposes costs or provides benefits to individuals other than the person making the decision; it can also refer to unintended consequences of an activity. The perils of exponential growth the water lily.