The Regime Theory Essay Example | Topics and Well Written Essays - 2000 words

The Regime Theory - Essay Example One of the major contributions of the economic theory of the international regime and cooperation has been an elucidation of what the absence of a central authority in international affairs implies for the scope and depth of cooperation (Keohane and Martin 1995). Cooperation and conflicts are key concepts employed in economic theory and power in the international regime. Keohane defines cooperation as a process that necessitates that the acts of different persons or entities that are not in prevailing agreement be got into compliance with each other through the negotiation process (Keohane, n.d.). Conflict refers to the confrontation and clash over divergent interests. The difference between conflict and cooperation is the lack of harmony between and among nations, with the chief difference being whether the actors are willing to change their behavior to each other. Economic cooperation in economic regime occurs when the strategies in reality pursued by one administration are also ad opted by another state with the aim of promoting trade. Economic regime operates under several assumptions. One of the assumptions is that economic regime is utilitarian as it takes that all aspects of decision making may be captured by utility pertinent costs and benefits and that actors maximize a utility function. Secondly, economic regime assumes actors in the international system are rational thinkers, who take into account all available information.   The third assumption is that economic regime takes.... For an international regime to be said to exist, the rules and norms must be operative, so as to specify the impact of international regimes. International regimes are almost similar to global organizations and global treaties (Neumayer, nd). Nevertheless, international regimes are theoretical institutions that are not material occurrences, not like global organizations that have material existence with budgets and personnel staff (Mayer and Rittberger 1997). International regimes have rules that act as international treaties and inherent customs, as well. International regime does not change with the changes in decision making and rules. Rather, the change in decision making criteria signifies a change within an international regime. Nonetheless, a change in the international regime itself happens when principles and norms change (Keohane, n.d.). Differences between economic regime and security regime The regime theory has for a long time addressed on how cooperation can be achieved and sustained in a world that is divided into independent national states. Regime theory has addressed the aspect of cooperation with regards to the environment, economics, security and finance. One of the major contributions of the economic theory of the international regime and cooperation has been an elucidation of what the absence of a central authority in international affairs implies for the scope and depth of cooperation (Keohane and Martin 1995). Cooperation and conflicts are key concepts employed in economic theory and power in the international regime. Keohane defines cooperation as a process that necessitates that the acts of different persons or entities that are not in prevailing agreement be got into