POL 2103 Lecture Notes - Lecture 4: Bretton Woods System, Market Failure, Robert Keohane
21 Nov 2017
School
Department
Course
Professor
Document Summary
Neo-liberalism liberal theories are becoming very popular in the 1970s because the world itself seems more liberal. Keohane creates neo-liberalism in response to waltz"s neo-realism. The puzzle: hegemonic stability theory & (liberal) international institutions. Keohane explicitly takes on a whole range of assumptions that. Anarchy self-help survival security dilemma relative gains conflict/competition. Keohane found the logic of waltz"s theory seductive. Neo-realism"s answer to (existence, prevalence of) international institutions. Why do liberal international (economic) orders exist in a realist. Bretton woods system of multilateral financial institutions post- Answer: hegemonic power branch of realist thought different because realists tend to ignore economic issues this theory is overwhelmingly concerned with economics usually realists think that international institutions are a joke (un, Britain and the us promoted liberal institutions because liberal philosophies tended to promote their own state interests realist explanation for why the world looks so liberal. International economic institutions: key role in the 1970s, us power is declining relative to rivals.
