Summer 2019 POL 241-Chap 7 –John Ruggie, “International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order”


Elayne Guzman

Chap 7 –John Ruggie, “International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order”
Quote:
“ To say anything sensible about the content of international orders and about the regimes that serves them, it is necessary to look at how power and legitimate social purpose become fused to project political authority into the international system”

Meaning/Chosen:
   International regimes limit discretion of constituents units to decide and act on issues that fall within the regime’s domain. It also converge expectations and delimit discretion through inter-subjectivity.  Ruggie argues that international regimes provide permissive environment for specific kinds of international transactions flows, ones that are complementary to particular fusion of power and purpose embedded in those regimes, If power changes, the instruments of regime may change. However, so long as purpose is held constant, there’s no reason to suppose that normative framework for regimes must change also.
     As Ruggie states, if international regimes are not simply emanations of underlying distribution of interstate power, but represent a fusion of power and legitimate social purpose, our cause and effect reasoning becomes more complex. For then, the decline of hegemony would not necessarily lead to the collapse of regimes, provided that shared purpose are held constant. A central ingredient in the success of embedded liberalism to date has been its ability to accommodate and even facilitate the externalizing of adjustment costs.

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