GOV 312L Lecture Notes - Lecture 18: 1997 Asian Financial Crisis, World Trade Organization, Flash Point
Document Summary
Hegemony, power transition theory, and us-china relations: hegemonic stability theory: is the united states the indispensable nation, power transition theory, contemporary us-china relations. Hegemonic stability theory: us as indispensable nation: is us leadership necessary/beneficial for international politics, can approach this question through hegemonic stability theory. Concentration of global power facilitates globalization and peace. Equalized distribution of global power among many states facilitates competition, war, and restrictions on trade. Hegemonic stability theory and the collective action problem: review: public goods and free rider problem. Domestic examples: roads, national defense, legal infrastructure, clean air & water. In domestic politics, free rider problem solved via coercion as state collects resources (taxes) to supply public goods. Lack supranational authority like a state that can coerce contributions. Hegemonic leadership: large actors (like the us) voluntarily supply public goods on own. Examples: international economic stability, protection of global commons (sea lanes and the environment)
