Power and Interdependence

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SUB Hamburg A/551464 Power and Interdependence Fourth Edition Robert O. Keohane Princeton University Joseph S. Nye Harvard University Longman Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo

FOREWORD by Fareed Zakaria PREFACE TO FIRST EDITION PREFACE TO SECOND EDITION PREFACE TO THIRD EDITION PREFACE TO FOURTH EDITION Xlll xvi xix xxiii xxvii PART I Understanding Interdependence CHAPTER 1 Interdependence in World Politics THE NEW RHETORIC OF AS AN ANALYTIC CONCEPT POWER AND INTERNATIONAL REGIME CHANGE CHAPTER 2 Realism and Complex Interdependence THE CHARACTERISTICS OF COMPLEX Multiple Channels Absence of Hierarchy among Issues Minor Role of Military Force THE POLITICAL PROCESSES OF COMPLEX Linkage Strategies Agenda Setting Transnational and Transgovernmental Relations Role of International Organizations CHAPTER 3 Explaining International Regime Change AN ECONOMIC PROCESS EXPLANATION OVERALL POWER STRUCTURE EXPLANATION Eroding Hegemony Limitations of an Overall Structure Explanation 1 3 5 7 9 16 19 20 21 22 22 24 25 26 28 29 32 32 35 35 39 Vll

ISSUE STRUCTURE Limitations of Structural Explanations AN INTERNATIONAL ORGANIZATION MODEL COMBINING EXPLANATIONS 42 44 46 49 PART II Regime Change in Oceans and Money 53 CHAPTER 4 The Politics of Oceans and Money: Historical Overview 55 THE INTERNATIONAL MONETARY ISSUE AREA 5 7 The International Gold Standard before 1914 58 International Monetary Regimes, 1920-76 63 THE OCEANS ISSUE AREA 75 Defining the Issue Area 76 The Classical Free Seas Regime 78 Regime Periods, 1920-75 79 The Changing Agenda of Oceans Politics 83 CONCLUSION 84 CHAPTER 5 Complex Interdependence in Oceans and Money 85 THE CONDITIONS OF COMPLEX 85 Role of Force 85 Absence of Hierarchy among Issues 90 Multiple Channels of Contact 93 Money, Oceans, and Complex Interdependence 96 THE POLITICAL PROCESS IN MONEY AND OCEANS 97 Goals of Actors 98 Instruments of State Policy 102 Agenda Formation 103 Linkage of Issues 104 Roles of International Organizations 106 CONCLUSION 107 CHAPTER 6 The Politics of Rule-Making in Oceans and Money 110 ECONOMIC PROCESSES AND REGIME CHANGE 110 OVERALL STRUCTURE AND REGIME CHANGE 112 Erosion of the Oceans Regime 113 International Monetary Regimes 115

ISSUE STRUCTURE AND REGIME CHANGE International Monetary Issue Area Oceans Politics INTERNATIONAL ORGANIZATION AND REGIME CHANGE Oceans Politics The International Monetary Area LIMITS OF SYSTEMIC EXPLANATIONS: DOMESTIC POLITICS AND LEADERSHIP CONCLUSION 117 119 122 125 126 129 131 135 PART III Regimes and Two Bilateral Relationships 141 CHAPTER 7 United States Relations with Canada and Australia 143 CANADIAN-AMERICAN RELATIONS AND COMPLEX 144 AUSTRALIAN-AMERICAN RELATIONS AND COMPLEX 149 IDENTIFYING ISSUES AND OUTCOMES: CANADA-UNITED STATES 15 5 IDENTIFYING ISSUES AND OUTCOMES: AUSTRALIA-UNITED STATES 166 COMPARING THE POLITICS OF AGENDA FORMATION 171 ACCOUNTING FOR DIFFERENCES IN OUTCOMES 173 REGIME CHANGE: ALTERNATIVE EXPLANATIONS 179 PART IV The United States and Complex Interdependence CHAPTER 8 Coping with Interdependence EXPLANATORY MODELS AND CONDITIONS OF WORLD POLITICS POWER IN COMPLEX TRENDS TOWARD COMPLEX LEADERSHIP IN COMPLEX MULTIPLE LEADERSHIP AND POLICY COORDINATION BUILDING THE LEGITIMACY OF INTERNATIONAL REGIMES INTERNATIONAL AND DOMESTIC ORGANIZATION CONCLUSION 187 189 189 192 193 196 198 200 201 207

PART V Globalism and the Information Age CHAPTER 9 Power, Interdependence, and the Information Age THE INFORMATION REVOLUTION AND COMPLEX INFORMATION AND POWER THE PARADOX OF PLENTY AND THE POLITICS OF CREDIBILITY 209 211 213 216 219 CHAPTER 10 Power, Interdependence, and Globalism 224 GLOBALIZATION AND 225 The Dimensions of Globalism 226 Thick Globalism: Made in America? 229 Connectivity, Sensitivity, Vulnerability 231 Illustrating Interdependence and Globalism 234 CONTEMPORARY GLOBALISM: WHAT'S NEW? 236 Density of Networks 236 Reduced Communications Costs and Institutional Velocity 239 Transnational Participation and Complex Interdependence 240 Is Distance Becoming Irrelevant? 242 GLOBALIZATION AND THE END OF THE COLD WAR 244 The End of the Cold War and the Dimensions of Globalism 244 Conjunctural Politics and the Americanization of Globalism 246 POLITICS, EQUITY, POWER, AND GOVERNANCE 247 Globalism and Domestic Politics 248 Equity and the Political Effects of Increasing Inequality 250 Power and Networks 252 Governance of Globalism 254 PART VI Second Thoughts on Theory and Policy (1989) Afterword 1. PRINCIPAL THEMES OF POWER AND 2. THE RESEARCH PROGRAM OF POWER AND : A CRITIQUE Interdependence and Bargaining Complex Interdependence International Regime Change 259 261 261 266 267 269 272

xi 3. LIMITATIONS OF STRUCTURAL THEORY: SYSTEMIC POLITICAL PROCESSES 275 4. PERCEPTIONS AND LEARNING 278 CONCLUSION 280 Two Cheers for Multilateralism 282 THE NEED FOR REGIMES 284 UNREALISTIC VISIONS 286 Do Not Try to Recapture the Past 286 Ask Whether the World Really Needs It 287 Build on Shared Interests 288 Use Regimes to Insure against Catastrophe 289 The Best Enforcement Is Self-Enforcement 289 Look for the Right Moment 290 Use Regimes to Focus U.S. Attention on the Future 291 Regime Maintenance 292 United Nations Peacekeeping 293 International Debt 293 Exchange Rates 293 NOTES 295 INDEX 319