INR 2001 Lecture Notes - Lecture 4: Special Drawing Rights, Latin American Debt Crisis, Mount Washington Hotel

• School: University of Florida
• Department: International Relations
• Course: INR 2001
• Professor: Brown Myra Leann

Document Summary

Regimes are issue-specific sets of implicit or explicit principles, norms, rules, and decision-making procedures around which an actor expectations and behavior converge . Regimes are built because there is no world government and you need regimes to manage things. (not just states but also corporations, hell you"re part of the oil regime when you buy gas) World war ii leads to economic mercantilism, competitive currency devaluation, neomercantilism. John maynard keynes- british economist, the state has to step in to put money into the economy. Reconstruction and development- creation of the international bank for. Half the money went to economies fucked up by the war. Now it goes to developing countries who have big projects to get done. Most of these are things like building roads or a dam. Currency stability (predictability) and adjustment ---- creation of the international. Reserve currency is money such as the yen, euro, dollar and pound.