POLD09H3 Lecture Notes - Lecture 9: Latin American Debt Crisis, Neoliberalism, Structural Adjustment
Document Summary
International political economy: international law, intergovernmental organizations, and global trade. How can we mitigate uncertainty and insecurity: neo-liberal institutionalism shows that increased cooperation is possible through, international law, international institutions. Cooperation is common: interstate war is a rare event, most interstate relations are peaceful interactions like trade relationship, international laws and institutions facilitate relations, including global trade and finance. International law: (very important: international law are the rules and norms that are generally considered binding upon state, sources of international law are: Bilateral and multilateral treaties (including international conventions and charter all must be ratified domestically) This al gives unsc resolutions legal authorization (un security. General principles (consensus on a principle unga res) Jus cogens ( strong law ): a principle that is so fundamental that no other law can contradict it. No treaties on piracy, genocide, slavery, torture, etc.
