Week 10: Global Economic Governance exam with correct answers 2024
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Module
Global Economic Governance345
Institution
Global Economic Governance345
What does global economic governance believe about globalization? correct answers Globalization causes global problems and so we need global solutions. Countries need to work together governing the global economy and making it better.
What two subfields of IR make up global economic governance?...
What does global economic governance believe about globalization? correct answers
Globalization causes global problems and so we need global solutions. Countries need
to work together governing the global economy and making it better.
What two subfields of IR make up global economic governance? correct answers
Global political economy and international organization.
What are a couple questions around International Organization? correct answers - How
can international cooperation be achieved?
- What should that cooperation do?
What is an example of international organization? correct answers League of Nations =
United Nations. Structure? Bureaucracy behavior? Voting setups? How? Why?
What are International Regimes? correct answers - A set of rules, laws, norms, and
principles that international actors converge around.
- Like NAFTA they don't have a body but they have rules, principles, and norms they
follow.
What is Diplomatic Immunity? correct answers Ambassadors or diplomatic staff do not
have to follow these set of rules, laws, norms, and principles in their host countries.
Diplomatic immunity is a legal concept that provides certain protections to diplomats
and other high-ranking officials from foreign governments while they are performing
their official duties in a foreign country.
Under the principle of diplomatic immunity, diplomats are granted certain privileges and
immunities, such as exemption from criminal prosecution, taxes, and customs duties.
This is intended to ensure that they are able to carry out their diplomatic duties without
interference from the host country's authorities.
Realist answer to the question: How did we get these Regimes? correct answers -
Hegemonic Stability Theory. A hegemony creates it for their joined benefit. One strong
country must create it by exerting its power and influence.
Realist answer to question: Once they are created, how do they operate for success?
correct answers - Hegemonies set the agenda and what it's going to look like (norms,
principles, etc.)
, - (Regimes need someone to set them up because otherwise, each country won't agree
and peaceful cooperation will be lost.)
Realist consequences and Incentives of International Regimes? correct answers -
Consequences. Respecting the rules through enforcement.
- Incentives - Collective Goods. Goods that benefit every individual belonging to some
group. Ex. Providing monetary stability, key currency, etc.
- (1)Setting the agenda by creating the rules,
- (2) Respect by enforcing the rules,
- (3) interments through collecting goods.
Realist answer to question: Is there still global hegemony? (willingness, ability,
acceptance) correct answers - (1) The US doesn't have the ability to lead - economic
stability/ too much debt to have collective goods.
- (2) The US's willingness to be a hegemony.
- (3) The willingness of other countries to follow the US.
According to Realists, if the US is failing for these three reasons, what can happen?
correct answers Another country can take over.
Talk about the US and China on world economic order. correct answers - The US set a
liberal world economic order, but what if China took over would they continue liberal
economic world order or different economic world order? China's economy is heavily
government owned and run/regulated by the government.
- Maybe we have different economic spheres? One led by China and a US liberal, or
even the EU comes out with another economic sphere.
What is liberal Institutionalism? correct answers - A theory of international relations that
holds that international cooperation between states is feasible and
sustainable and that such cooperation can reduce conflict and competition
- life outside society would be solitary, poor, nasty, brutish, and short.
What are 9 reasons whys nations work together? correct answers 1. Collective
Enforcement
2. Self-Help
3. Recognition or Mutual Interests
4. Reputation
5. Reciprocity
6. Certainty and Stability valued
7. Habit of Compliance
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