Class notes
POLI 243 Lecture 5
- Course
- Institution
POLI 243 lecture 5 notes
[Show more]
Seller
Follow
claudiageorge
Content preview
Lecture 5 - Jan. 16th, 2019Institutionalism & Constructivism
Robert Keohane, “The Demand for Regimes” (1982); Martha Finnemore and Kathryn Sikkink,
“International Norm Dynamics and Political Change” (1998)
International Political Economy Re-Emerges
- The international economy appeared to function well in the 1950s and 1960s.
- Trade between the Western allies could be described well by a straight-up
economic model
- There was not yet a subfield of political economics
- Then the Bretton Woods Monetary Regime collapsed in the early 1970’s.
- The breakdown of the agreement between the Western Allies regarding their
monetary policies occurred. The idea that exchange rates would be fixed over
time was contested in the 1960’s.
- The United States and its allies could not agree on what to do.
- Fluctuation in currency values occurred and continued to do so into the 1980’s
- Why were things so stable before?
- Institutionalism emerged during the 1970’s
- OPEC oil embargo underscored the politicization of the international economy.
- The Arab oil-producing states wanted to make a point about the relationship
between the West and Israel and used oil as a political weapon.
- Forming a cartel and manipulating the price of oil was a politicization of the
market/economic ties.
- This introduced the notion that maybe the economic stability of the 50’s and 60’s
wasn’t there, or was a result of political stability underneath.
International Regimes
- Systemic = relating to the international system
- Concept of international regimes introduced in 1970’s
Rules, norms, principles, and procedures…
- Around which actors expectations emerge
- What is a norm? A notion of how you should behave. May not be written down or
explicit.
Examples: the World Trade Organization, Bretton Woods, or the gold standard
- The gold standard had a set of norms, but there was no treaty etc - the regime itself was
made up of more implicit practices.
Questions: Where do these international regimes come from?
The more pressing question in the 1980’s was why do some persist, others evolve, but some fail?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller claudiageorge. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now