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Transcript of Neo-Liberalism
Post-World War II Institutions
Liberalism gets another chance
Mutual interests in peace, trade and order
More workable-interests and power of most powerful states taken into account
U.S. leadership - benevolent?
Explain cooperation, interdependence, integration
Mutual interests exist
Areas of agreement with neorealists:
centrality of states
human nature not important
scientific approach (get rid of normative)
VARIANTS OF NEOLIBERALISM (3)
Collective action problems
"tragedy of the commons"
GLOBAL GOVERNANCE (not gov't)
regimes (institutions, rules and norms for a particular issue)
Domestic Rational-Choice Neoliberalism
Super Serious about Science
State preferences the product of domestic politics
Domestic political institutions matter
Divorcing libearalism from its normative content (values)
Empiricism- goal is to explain
The domestic group that 'wins out'
Free trade not a given
Riskier and more aggressive policies result from authoritan gov'ts
CAN BETTER EXPLAIN:
failure of League of Nations
containment of cold war
International order doesn't live up to its liberal aspirations
Democratic Deficit (unrepresentative)
Uneven benefits from international cooperation
Doesn't pursue common or widespread goods
According to Woods, how are IFIs unrepresentative?
Does global governance weaken the democratic ties between a populace and its government?
benefits to the hegemon
increasing inequality within societies
Prescription: Reform, not Overthrow
In what ways have the IMF and the World Bank taken steps to be accountable to their stakeholders? What further steps could they take, according to Woods?
The Debate over Multilateralism
Radical liberalism confronted
Are these reforms feasible? Likely?
States seek absolute, not relative gains
Neoliberals respond to Woods and other radical liberals (Keohane, Macedo, Moravcsik)
Keohane et al:
Multilateral institutions can enhance democracy by:
Democracy is not just participation and popular will
protecting minority rights
responsive to dissatisfaction
Need good governance between states, not just within states
Is the European Union and its common currency (the euro) a beneficial organization?
Do countries need to set their own economic policies that respond to their particular needs?