Lecture 11_17

Lecture 11_17 - November 18, 2009 INTERNATIONAL POLITICAL...

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November 18, 2009 INTERNATIONAL POLITICAL ECONOMY Meredith Huber Lecture 11_18_09 Current Events: Economic Sanctions, Israel? No. Things are too trepid in Iran. London’s long history of borrowing and defaulting on their debts—there is not world bankruptcy court—only thing private creditors can do is refuse to make any further loans to a government THE ENVIRONMENT 1. Basic Problem: The environment is a collective good ; shared by all and owned by none (“tragedy of the commons”) core issue is “externalities”, which can cross borders. a. Tragedy of the common good is that it can be exploited. How we use the environment produces externalities—effects beyond our borders, what we do with the environment will have an effect on others—what happens within one country effects all others. This is the core of the problem. b. Need to mold behavior so that the externalities do not cause more conflict— governance. 2. Government is needed! —self interested behavior by individuals can have detrimental effects on others. System governance = to prevent conflict and to promote cooperative collective action! 3.
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Lecture 11_17 - November 18, 2009 INTERNATIONAL POLITICAL...

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