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Chapter 1

POLS 4440 Chapter Notes - Chapter 1: Global Governance, Private Good, International Atomic Energy Agency


Department
Political Science
Course Code
POLS 4440
Professor
Gregory Chin
Chapter
1

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Approaches to Global Governance
What is Global Governance?
Definition- Global governance as a subject field entails an interdisciplinary examination of
power and authority in the global arena and examines the variety of actors, institutions, ideas,
rules, and processes that contribute to the management of global society, exploring their origins,
their evolving roles, as well as their political, economic, social, environmental, and ethical
consequences.
-global governance gives critical focus to various non-state actors, formal and informal networks,
and broader transnational, supranational, and sub-national realities of contemporary life that
increasingly contribute to the establishment and functioning of global rules, norms and
institutions.
Dominance and Leadership in the International Economy: Exploitation, Public Goods, and
Free Rides by Charles P. Kindleberger
-One country, firm, or person dominated another when the other had to take account of what the
first entity did, but the first could equally ignore the second
-Leadership may be thought of at first blush as persuading others to follow a given course of
action which might not be in the follower's short-run interest if it were truly independent. As will
be suggested below, it has strong elements of both arm-twisting and briber
-A public good is one the consumption of which by an individual, household, or firm does not
reduce the amount available for other potential consumers
-public good is the lighthouse
-Radio- directional signals for navigation require the consumer to have a radio-receiver: a private
good to receive a public benefit
-many public goods are provided by the government through a budget, most private goods by the
market.
In representative democracy, in political science suggest that public goods are under produced
relative to private goods because of the fallacy of composition, or what some call the "free rider”
-This accords with the commonplace view that governments take better care of producers than of
consumers, and accounts for the success of the military-industrial complex and the automobile-
gasoline-highway lobby in having government spend money on public goods congruent with
their interests.
-This theory of representative democracy, however, needed a place for leadership
-Leaders of course are subject to moral decay, as Lord Acton noted in saying, "Power corrupts,
and absolute power corrupts absolutely." Responsibility can degenerate into exploitation.
-When there are big rents, as economists call them, or a surplus that vastly exceeds what is
necessary to get the work done, there is a strong possibility that the two sides to a transaction
will each see itself as exploited when it may be only trying to provide leader- ship. The operation
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