International regimes: implicit or explicit principles, norms, rules and decision-making procedures around which actors" expectations converge in a given area of international relations. (krasner, 1982) Examines means and conditions under which states cooperate. The realist, neoliberal, and the cognitivist perspectives under which regimes occur even under anarchy. Benefits: increased cooperation, stability, prosperity, the emergence of governance: cost: decreased sovereignty, new dimensions of conflict, restricted ability of governments to react to local needs and values as well as to rapid changes and shocks. International organizations (io"s) are made up of inter-governmental organizations ( igos) and non-governmental organizations ( ngos) Institutions could be viewed as either a principal or an agent: global governance- the regulation of interdependent relationship between states in the absence of a overarching global government/authority. Two schools of thought for global governance: 1. As an extension of liberal activism and plural management in the international system; 2. As an extension of some form of hegemonic or imperial power.