PAI-C04: The Politics of Oceans and Money: Historical Overview

Created Time: October 30, 2021 2:56 PM Database: Evergreen Database Last Edited Time: October 30, 2021 4:38 PM Type: Reading Notes

Keywords
- Issue Areas: When the governments active on a set of issues see them as closely interdependent, and deal with them collectively, we call that set of issues an issue area
During the Pax Britanica Britain held most the navel supremacy
- Other states didn’t object because Britain served their mutual interest fairly equally
International monetary and oceans issues chosen as focus because they showed the most differences since WW1 through the model of analysis
- Money: interconnected, multi-issued, and linked functionally
- Oceans: involve the use of navy force more
What is the problem with defining ‘Issue’?
- Issues are defined subjectively
- only policy makers and policy influencers’ opinion matters
Issues are defined subjectively ⇒ Issue Areas are subjective as well
- Ocean issue area exist because they are to be considered collectively
- Money is only functionally connected and management of a state’s money isn’t a collective decision
  - not true monetary issue area exist. But how?

The International Monetary Issue Area

Richard Cooper takes the major dimensions of an international monetary regime to be:

problems of liquidity, adjustment, and confidence