{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

poli sci notes 11-26 - Adam Caplan Poli Sci Notes...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Adam Caplan 11/26/07 Poli Sci Notes Institutions o Definition: “The rules of the game or…the humanely devised constraints that shape human interaction.” o Formal vs. Informal Institutions Formal EU, UN, WTO Electoral College Geneva Convention Informal Restraint in conflict Killing political leaders Culture What Do International Institutions Do? o According to Robert Keohane, international institutions: 1.) Reduce transaction costs 2.) Allow for side-payments 3.) Provide information Reducing Transaction Costs o Institutions can reduce the costs of transactions between two willing parties (EBay, Facebook) and help solve the collective action problem o Example from IR WTO/GATT EU NATO Side Payments o Trading benefits in one issue area for benefits in another issue area o Example: Germany gets control of the European Central Bank France gets extra EU farm subsidies The UK gets a “rebate” on EU tax payments
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}