Sunday, 10 January 2016

ROLE OF INTERNATIONAL COOPERATION

                                                                                                                   NAME: PALLON MISTRY
                                    ROLE OF INTERNATIONAL COOPERATION
The excessive use of common access resources has to be prevented by international governing bodies. Common access resources are resources that provide the customers with tangible benefits. These resources are ‘non-rivalrous’ and ‘excludable’. To prevent over usage of these resources, cooperation between international Governments is required to control and even prevent negative consequences on various integral resources. In addition to this, Governments can collude to invent technology to deal with this problem.
An example of this occurrence is the hydrogen bomb testing in North Korea. Testing the bomb violates the ‘Test-Ban Treaty’. It also causes a negative production externality because the testing of this bomb causes earthquakes as well as a depletion of the ozone layer. Cities next to the bomb-testing site also suffer the consequences and in order to prevent this from occurring, this pact was signed in 1963. If North Korea violates the treaty, the UN will stop all international affairs with North Korea, which would entirely cripple the country’s economy.
Thus, the Test-Ban Treaty elucidates the collaboration of international governments to prevent occurrences that have far-reaching consequences. This, along with the Security Council in the UN planning to take any peaceful means necessary to prevent the bomb from being tested depicts the success that international cooperation can have in potentially catastrophic scenarios.
However, a drawback to international cooperation in this particular case is that North Korea could perhaps feel that the other countries are plotting against them, and feel threatened, thus acting out and defying the treaty.
In conclusion, I feel that international cooperation can help curb issues that have negative production externalities, as well as prevent the depletion of common access goods, which in this case would be the countries and natural landscape.


N.p., n.d. Web. <http://www.investopedia.com/terms/c/common-resource.asp>.

"Nuclear Test-Ban Treaty." History.com. A&E Television Networks, n.d. Web. 10 Jan. 2016. <http://www.history.com/topics/cold-war/nuclear-test-ban-treaty>.

"UN Security Council Condemns N Korea Nuke Test." CNBC. N.p., 06 Jan. 2016. Web. 10 Jan. 2016. <http://www.cnbc.com/2016/01/06/north-korea-bomb-test-prompts-condemnation.html>.

McLelland, Euan. "Is North Korea LYING about Successful Hydrogen Bomb Test? Experts Pour Scorn on Kim Jong-un's Claims, Saying the Explosion Was Nowhere near Powerful Enough ." Mail Online. Associated Newspapers, 07 Jan. 2016. Web. 10 Jan. 2016. <http://www.dailymail.co.uk/news/article-3386367/Magnitude-5-1-earthquake-detected-close-North-Korean-nuclear-test-site-trigger-concerns-country-conducted-new-atomic-explosion.html>.



Tragakes, Ellie. Economics for the IB Diploma. Cambridge University Press

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