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0614 Neoliberal Institutionalism

0614 Neoliberal Institutionalism - ITNL 3200 Neo-liberal...

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Neo-liberal institutionalism : Information and Institution ITNL 3200 June 14, 2011
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Diversity in Liberalism Idealism -Based on positive and normative thinking -Problem: Failure of the League of the Nations , World War I and II Functionalism and Interdependence theory -Based on economic cooperation and spill over effect -The Cold War and its constraint on economic cooperation Neo-liberal Institutionalism - Accepted the Realist assumption and tried to explain cooperation - 3rd image, systemic theory
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Robert Axelrod Wrote The Evolution of Cooperation (1984) Used the Prisoner’s Dilemma as a vehicle for examining the necessary conditions for cooperation Helped lay the foundation for the development of institutionalist theory (neoliberalism) in IR
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I. Evolution of cooperation Utility of the Prisoners’ Dilemma (Prisoner A, Prisoner B) : Preference DC>CC>DD>CD Prisoner B Cooperate (Silence) Defect (Betray) Prisoner A Cooperate (Silence) -1, -1 -10, 0 Defect (Betray) 0, -10 -5, -5 Mutual Cooperation (CC) is better than mutual defection (DD), but they will end up choosing DD. The temptation of the unilateral defection
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I. Evolution of cooperation The Stag hunt The stag hunt is a situation in which two individuals go out to hunt a stag. Each can individually choose to hunt a stag or hunt a hare. Each player must choose an action without knowing the choice of the other. If an individual hunts a stag, he must have
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I. Evolution of cooperation Utility of the Stag hunt : Preference CC > DC > DD > CD Person B Cooperate (hunt Stag) Defect (seek Hare) Person A
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