POLS 051 Lecture Notes - Lecture 3: Hegemonic Stability Theory, Coase Theorem, International Criminal Court
23 Dec 2018
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Document Summary
Neoliberal institutionalism is different from neoliberal economics. The foundation of the prisoner"s dilemma is inaccurate for liberals, you can get cooperation between states. Collective action problems: people tend to free ride on the upkeep of public goods instead of cooperating and pitching in. Hegemonic stability theory realists don"t support (the rest of realists do) The hegemon provides goods and enforces compliance according to hst: liberals do not agree with this, cooperation is possible. Tit for tit strategy: in the prisoner"s dilemma, you only cheat if your opponent does; assumes across issues repeated interactions. International regimes are networks of institutions and groups that set expectations for behavior (ngos such as amnesty international, the united nations and the international. World trade organization and the most favored nation status program), lower transaction costs (ex. Un inspectors monitoring abroad), and encourage repeated interactions (ex. The general agreement on tariffs and trade, following by the wto)
