How might a stable international monetary regime be considered a collective good? What are the implications inherent in its being a collective good?
Are there structures or influences that impel greater cooperation in monetary relations than in trade or security? Be sure to use sound logic to support your argument.
What will be an ideal response?
Ideal Answer: The ideal answer should:
1. Define a stable international monetary regime.
2. Explain how such a concept might be considered a collective good, and explore its implications. For example, members of the international economy all benefit from a stable monetary regime.
3. Discuss how such a regime creates structures and influences that create expectations that states will abide by norms, because states benefit, economically, and at the level of security, by abiding by such norms.
4. Offer a concise summary and effective conclusion.
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