IAFF 1005 Lecture Notes - Lecture 28: Liberal Democracy, Opportunity Cost, Neoliberalism
Document Summary
Cooperation could reap joint gains, but states fail to do so because: If i participate and get caught, i"m dead. If i don"t participate and efforts succeed, i get to enjoy the bene ts just the same. How much can i get in comparison to everyone else relative to them. International commerce and trade > fewer incentives for con ict and war. High levels of interdependence > high opportunity cost for war. Not only have to pay the costs of ghting. Also lose the bene ts you would have gained from trade. Develop a stake in trading partner"s well-being. E. g eu and russia > natural gas. High levels of interdependence > creation of domestic constituencies that oppose war. High levels of interdependence > costly signal of state"s resolve. Globalization of production > great power peace. Supply chain is spread around the world. Aggressors cannot capture and exploit modern mncs.
