Regime theory in the context of Neoliberalism in international relations

⭐ Core Definition: Regime theory

Regime theory is a theory within international relations derived from the liberal tradition which argues that international institutions or regimes affect the behavior of states or other international actors. It assumes that cooperation is possible in the anarchic system of states, as regimes are, by definition, instances of international cooperation.

Stephen D. Krasner was a key figure in establishing the theory as a prominent topic of study in IR, in part through the 1983 edited collection International Regimes. Robert Keohane's 1984 book After Hegemony has been described as regime theory's "fullest expression."

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Regime theory in the context of Neoliberalism (international relations)

Liberal institutionalism (or institutional liberalism or neoliberalism) is a theory of international relations that holds that international cooperation between states is feasible and sustainable, and that such cooperation can reduce conflict and competition. Neoliberalism is a revised version of liberalism. Alongside neorealism, liberal institutionalism is one of the two most influential contemporary approaches to international relations.

In contrast to neorealist scholarship (which is skeptical of prospects for sustainable cooperation), liberal institutionalism argues that cooperation is feasible and sustainable. Liberal institutionalists highlight the role of international institutions and regimes in facilitating cooperation between states. Robert Keohane's 1984 book After Hegemony used insights from the new institutional economics to argue that the international system could remain stable in the absence of a hegemon, thus rebutting hegemonic stability theory.

View the full Wikipedia page for Neoliberalism (international relations)

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