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Author: Michael Tomz
Publisher: Princeton University Press
ISBN: 1400842921
Category : Political Science
Languages : en
Pages : 328
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Book Description
How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation between sovereign governments and foreign investors. He explains how governments acquire reputations in the eyes of investors, and argues that concerns about reputation sustain international lending and repayment. Tomz's theory generates novel predictions about the dynamics of cooperation: how investors treat first-time borrowers, how access to credit evolves as debtors become more seasoned, and how countries ascend and descend the reputational ladder by acting contrary to investors' expectations. Tomz systematically tests his theory and the leading alternatives across three centuries of financial history. His remarkable data, gathered from archives in nine countries, cover all sovereign borrowers. He deftly combines statistical methods, case studies, and content analysis to scrutinize theories from as many angles as possible. Tomz finds strong support for his reputational theory while challenging prevailing views about sovereign debt. His pathbreaking study shows that, across the centuries, reputations have guided lending and repayment in consistent ways. Moreover, Tomz uncovers surprisingly little evidence of punitive enforcement strategies. Creditors have not compelled borrowers to repay by threatening military retaliation, imposing trade sanctions, or colluding to deprive defaulters of future loans. He concludes by highlighting the implications of his reputational logic for areas beyond sovereign debt, further advancing our understanding of the puzzle of cooperation under anarchy.
Author: Michael Tomz
Publisher: Princeton University Press
ISBN: 1400842921
Category : Political Science
Languages : en
Pages : 328
Get Book
Book Description
How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation between sovereign governments and foreign investors. He explains how governments acquire reputations in the eyes of investors, and argues that concerns about reputation sustain international lending and repayment. Tomz's theory generates novel predictions about the dynamics of cooperation: how investors treat first-time borrowers, how access to credit evolves as debtors become more seasoned, and how countries ascend and descend the reputational ladder by acting contrary to investors' expectations. Tomz systematically tests his theory and the leading alternatives across three centuries of financial history. His remarkable data, gathered from archives in nine countries, cover all sovereign borrowers. He deftly combines statistical methods, case studies, and content analysis to scrutinize theories from as many angles as possible. Tomz finds strong support for his reputational theory while challenging prevailing views about sovereign debt. His pathbreaking study shows that, across the centuries, reputations have guided lending and repayment in consistent ways. Moreover, Tomz uncovers surprisingly little evidence of punitive enforcement strategies. Creditors have not compelled borrowers to repay by threatening military retaliation, imposing trade sanctions, or colluding to deprive defaulters of future loans. He concludes by highlighting the implications of his reputational logic for areas beyond sovereign debt, further advancing our understanding of the puzzle of cooperation under anarchy.
Author: Dirk Messner
Publisher: Routledge
ISBN: 131743076X
Category : Business & Economics
Languages : en
Pages : 331
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Book Description
This book aims to pave the way for a new interdisciplinary approach to global cooperation research. It does so by bringing in disciplines whose insights about human behaviour might provide a crucial yet hitherto neglected foundation for understanding how and under which conditions global cooperation can succeed. As the first profoundly interdisciplinary book dealing with global cooperation, it provides the state of the art on human cooperation in selected disciplines (evolutionary anthropology and biology, decision-sciences, social psychology, complex system sciences), written by leading experts. The book argues that scholars in the field of global governance should know and could learn from what other disciplines tell us about the capabilities and limits of humans to cooperate. This new knowledge will generate food for thought and cause creative disturbances, allowing us a different interpretation of the obstacles to cooperation observed in world politics today. It also offers first accounts of interdisciplinary global cooperation research, for instance by exploring the possibilities and consequences of global we-identities, by describing the basic cooperation mechanism that are valid across disciplines, or by bringing an evolutionary perspective to diplomacy. This book will be of great interest to scholars and postgraduates in International Relations, Global Governance and International Development.
Author: Tom Webb
Publisher: Fernwood Publishing
ISBN: 1552668738
Category : Political Science
Languages : en
Pages : 243
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Book Description
This book is about the need for an alternative to capitalism. But what does that alternative look like? And given the ever-increasing wealth and power of the 1 percent and the fact that corporations are given carte blanche to turn natural resources into profit, is an alternative possible? Tom Webb argues that a massive shift to social enterprise, primarily co-operatives, is required. More than 250 million people around the world work for co-operatives, and co-operatives impact the lives of three billion people. This model reduces almost every negative impact of capitalism — it is a model that works. Webb outlines the principles co-operatives need to hold to if they are to be a successful alternative to capitalism and examines the public-policy changes needed to nurture such a transition, but he remains neither wildly optimistic nor unduly pessimistic. A better world is possible, but it is not inevitable.
Author: Thomas Hale
Publisher: John Wiley & Sons
ISBN: 0745670105
Category : Political Science
Languages : en
Pages : 223
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Book Description
The issues that increasingly dominate the 21st century cannot be solved by any single country acting alone, no matter how powerful. To manage the global economy, prevent runaway environmental destruction, reign in nuclear proliferation, or confront other global challenges, we must cooperate. But at the same time, our tools for global policymaking - chiefly state-to-state negotiations over treaties and international institutions - have broken down. The result is gridlock, which manifests across areas via a number of common mechanisms. The rise of new powers representing a more diverse array of interests makes agreement more difficult. The problems themselves have also grown harder as global policy issues penetrate ever more deeply into core domestic concerns. Existing institutions, created for a different world, also lock-in pathological decision-making procedures and render the field ever more complex. All of these processes - in part a function of previous, successful efforts at cooperation - have led global cooperation to fail us even as we need it most. Ranging over the main areas of global concern, from security to the global economy and the environment, this book examines these mechanisms of gridlock and pathways beyond them. It is written in a highly accessible way, making it relevant not only to students of politics and international relations but also to a wider general readership.
Author: Sai Felicia Krishna-Hensel
Publisher: Routledge
ISBN: 1351933558
Category : Political Science
Languages : en
Pages : 256
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Book Description
The twenty-first century global community is confronted with unprecedented challenges as well as unique opportunities. The degree to which it can establish and institutionalize norms and mechanisms designed to promote and sustain meaningful global cooperation will determine the future course of civilization. This volume brings together a broad range of scholars to highlight some of the areas of contemporary transnational cooperation and to examine the scope and levels at which cooperation can and does take place. The study examines the issue of weapons of mass destruction, explores the promises of biotechnology and space technology, and investigates the roles of global conventions and institutions as strategies for addressing the common threats facing the international system. In short, the volume raises important, timely issues regarding the challenges and opportunities confronting the global community which both policy makers and academicians will find informative and thought-provoking in their efforts to understand the nature and complexity of the twenty-first century global community.
Author: Madeleine O. Hosli
Publisher: Rowman & Littlefield
ISBN: 153815529X
Category : Political Science
Languages : en
Pages : 329
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Book Description
The Future of Multilateralism addresses current challenges and future perspectives of international and regional organizations. It aims to uncover how stable the foundations of global cooperation really are, particularly in the light of the latest unilateral and protectionist practices of international players and challenges related to COVID-19. The post–World War II global order was built on the foundations of multilateral cooperation. The establishment of international institutions is aimed at avoiding another widespread collision like the two World Wars and to ensure peace and prosperity. Hence, the multilateral system was viewed as an effective mechanism in dealing and resolving various challenges at an international or a regional level. Given the effects of COVID-19 on the global, regional, state, and individual levels are so recent, very little research has been conducted to understand the challenges many multilateral institutions are facing due to the pandemic. This book uncovers the future of such organizations and prospects for the multilateral system, of which they constitute the building blocks, in view of recent trends and developments.
Author: Tanja Bührer
Publisher: Berghahn Books
ISBN: 178533610X
Category : Political Science
Languages : en
Pages : 392
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Book Description
While the study of “indigenous intermediaries” is today the focus of some of the most interesting research in the historiography of colonialism, its roots extend back to at least the 1970s. The contributions to this volume revisit Ronald E. Robinson’s theory of collaboration in a range of historical contexts by melding it with theoretical perspectives derived from postcolonial studies and transnational history. In case studies ranging globally over the course of four centuries, these essays offer nuanced explorations of the varied, complex interactions between imperial and local actors, with particular attention to those shifting and ambivalent roles that transcend simple binaries of colonizer and colonized.
Author: Aaditya Mattoo
Publisher: Brookings Institution Press
ISBN: 1933286792
Category : Political Science
Languages : en
Pages : 138
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Book Description
Beleaguered by mutual recrimination between rich and poor countries, squeezed by the zero-sum arithmetic of a shrinking global carbon budget, and overtaken by shifts in economic and hence bargaining power between these countries, international cooperation on climate change has floundered. Given these three factors—which Arvind Subramanian and Aaditya Mattoo call the "narrative," "adding up," and "new world" problems—the wonder is not the current impasse; it is, rather, the belief that progress might be possible at all. In this book, the authors argue that any chance of progress must address each of these problems in a radically different way. First, the old narrative of recrimination must cede to a narrative based on recognition of common interests. Second, leaders must shift the focus away from emissions cuts to technology generation. Third, the old "cash-for-cuts" approach must be abandoned for one that requires contributions from all countries calibrated in magnitude and form to their current level of development and future prospects.
Author: Patrick Develtere
Publisher: Leuven University Press
ISBN: 9462702616
Category : Social Science
Languages : en
Pages : 322
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Book Description
Over the past 60 years high-income countries have invested over 4000 billion euros in development aid. With varying degrees of success, these investments in low-income countries contributed to tackling structural problems such as access to water, health care, and education. Today, however, international development cooperation is no longer restricted to helping by giving. Instead, it is rather about opportunities, mutual interests, risk taking, and an inclusive societal approach. With the arrival of major new actors such as China, India, and Brazil, and the manifestation of private companies and foundations like the Bill and Melinda Gates Foundation, development aid is being eclipsed by new forms of international cooperation, increasingly accompanied by investments, trade, and give-and-take exchanges. The agenda for sustainable development, adopted by all United Nations Member States in 2015 and to be realised by 2030, is a case in point of new influential frameworks that usher in a global rather than a traditional North-South perspective. This book reviews 60 years of international development aid and its relevant actors, outlining today’s challenges and opportunities. Richly illustrated with case studies and examples, International Development Cooperation Today maps successes and failures and synthesises visions and discussions from all over the world. By pointing out the radical shift from the traditional North-South perspective to a global paradigm, this book is essential reading for all practitioners, academics, and donors involved in development aid.
Author: Rostam J. Neuwirth
Publisher: Cambridge University Press
ISBN: 1108245196
Category : Law
Languages : en
Pages : 411
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Book Description
In the international trade and development arena, new and developing economies have created a block that is known as BRICS - Brazil, Russia, India, China and South Africa. Initially conceived to drive global change through economic growth, the financial crisis and reversal of fortunes of the BRICS nations have raised questions about their ability to have an impact on the governance of global affairs. This book explores the role of law in various areas of BRICS cooperation including: trade, investment, competition, intellectual property, energy, consumer protection, financial services, space exploration and legal education. It not only covers the specifics of each of the BRICS nations in the selected areas, but also offers innovative and forward-looking perspectives on the BRICS cooperation and their contribution to the reform of the global governance networks. This is a unique reference book suitable for academics, government officials, legal practitioners, business executives, researchers and students.
