Book Description

Some scholars emphasize the importance of a hegemon in creating a regime and giving it momentum. This is called the hegemonic stability theory. The United States, for example, has been instrumental in creating the Bretton Woods system, with organizations such as the World Bank and the International Monetary Fund. The rationale is that a hegemon, being the dominant actor in international politics and economics, often stands to gain the most from the creation of global standards. For instance, while other countries might benefit from it, U.S. companies like Microsoft, Universal Studios, and Pfizer would be among the greatest beneficiaries of a strict global intellectual property regime. As the hegemons use their power to create regimes, their withdrawal similarly can also threaten the effectiveness of regimes. Regimes serve crucial functional needs in international relations. Powerful regimes are considered by some scholars as independent actors in international politics. Although ultimately states create and sustain regimes, once institutionalized, regimes can exert influence in world politics that is practically independent of state sovereignty. The International Atomic Energy Agency, for instance, has certain rights, given to it by states themselves, to monitor nuclear energy activity in countries. Insofar as they are organized by means of treaties among countries, regimes provide an important source of formal international law. Regimes themselves can also be subjects of international law. This book tries to unravel that ideology and to create an alternative vision of a just and democratic world over. Contents: • International Regime • Theories of International Regimes • Applying Regime Theories • Regime Change • State Cartel Theory • Critiques of the Theory of International Regimes • Conspiracy Theories • World-systems Theory • New International Economic Order • Unchanged Role of Nation-States