Neoliberalism - Keohane text

6 important questions on Neoliberalism - Keohane text

According to the neoliberal Keohane in this 1990s text, what do superpowers need because they seek to influence around the world?

Superpowers need general rules/institutions.

After which war did international institutions become important and not only on an ad-hoc basis, according to Keohane?

After WWII, with the creation of the United Nations as a formal institution.

Why do institutions make it easier for states to cooperate according to Keohane?

Because they lower the transaction costs. Institutions rarely use enforcement.
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Why is it also in the best interest of powerful states to follow the rules of international institutions?

Because of the general conformity to rules and the, therefore, better predictability of the behavior of other states.

How can a democratic deficit in international institutions be overcome, according to Keohane?

The democratic deficit in international institutions can be overcome by establishing transnational networks among individuals and non-governmental organizations.

When can institutions be expected to be more effective, according to Keohane?

  • When members have common interests;
  • When institutional rules are adhered to by members of an institution;
  • When members have similar political systems;
  • When there is no equal division among members (quicker decision making).

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