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The essays in this book trace the development of the author's thinking about international institutions between 1980 and 1988. The introduction, written especially for this volume, summarizes and defends the "neoliberal institutionalism" that he advocates as a framework for understanding world politics.

This book is a comprehensive study of cooperation among the advanced capitalist countries. Can cooperation persist without the dominance of a single power, such as the United States after World War II? To answer this pressing question, Robert Keohane analyzes the institutions, or "international regimes," through which cooperation has taken place in the world political economy and describes the evolution of these regimes as American hegemony has eroded. Refuting the idea that the decline of hegemony makes cooperation impossible, he views international regimes not as weak substitutes for world government but as devices for facilitating decentralized cooperation among egoistic actors. In the preface the author addresses the issue of cooperation after the end of the Soviet empire and with the renewed dominance of the United States, in security matters, as well as recent scholarship on cooperation.

This book is a comprehensive study of cooperation among the advanced capitalist countries. Can cooperation persist without the dominance of a single power, such as the United States after World War II? To answer this pressing question, Robert Keohane analyzes the institutions, or "international regimes," through which cooperation has taken place in the world political economy and describes the evolution of these regimes as American hegemony has eroded. Refuting the idea that the decline of hegemony makes cooperation impossible, he views international regimes not as weak substitutes for world government but as devices for facilitating decentralized cooperation among egoistic actors. In the preface the author addresses the issue of cooperation after the end of the Soviet empire and with the renewed dominance of the United States, in security matters, as well as recent scholarship on cooperation.

This book is a selection of his most recent essays which address such core issues as interdependence, institutions, the development of international law, globalization and global governance.

Cover -- Title Page -- Copyright Page -- Table Of Contents -- Preface -- Part I: Questions And Concepts -- 1: Realism, Institutionalism, And Cooperation -- 2: Politics, Economics, And The International System -- 3: Hegemony In The World Political Economy -- Part II: Theories Of Cooperation And International Regimes -- 4: Cooperation And International Regimes -- 5: Rational-Choice And Functional Explanations -- 6: A Functional Theory Of International Regimes -- 7: Bounded Rationality And Redefinitions Of Self-Interest -- Part III: Hegemony And Cooperation In Practice -- 8: Hegemonic Cooperation in the Postwar Era -- 9: The Incomplete Decline Of Hegemonic Regimes -- 10: The Consumers' Oil Regime, 1974-81 -- Part IV: Conclusion -- 11: The Value Of Institutions And The Costs Of Flexibility -- Bibliography -- Index