Why Cooperate?

Definitions:

• International Institutions

• Intergovernmental and nongovernmental

• Inclusive and exclusive

• The history of multilateralism

The Law of the Sea

• UNCLOS III

• Questions:

– What should the LOS do?

– What should the US want from the LOS?

– Under what circumstances should the US ratify? Under what circumstances should the US not ratify?

Global Governance

• Doing internationally what governments do domestically

– Deal with international/global issues

– Enhance dialogue

– Regulate, as governments do domestically

Why Cooperate?

• Externalities

• Communication

• Power

• How do these interact with the theoretical foundations in Karns and Mingst?

Externalities

• Negative or positive

• Reciprocal effect

• Maximizing social utility

• Who pays?

Tragedy of the Commons

• Positive utility is individual, negative utility is shared

• Externality without regulation

• The international commons

Assumptions of the Commons

• No central authority

• Equal access

• Equal effects

• Imperfect markets

Perfect Markets

• Transaction costs

• Information

• A clear legal structure