By Mark Thatcher
ISBN-10: 0199245681
ISBN-13: 9780199245680
The publication responds to its questions through key monetary associations in 5 strategic sectors: securities buying and selling, telecommunications, electrical energy, airways, and postal providers. It compares throughout 4 international locations that characterize various 'varieties of capitalism', specifically Britain, France, Germany and Italy, over the interval among 1965 and 2005. hence it combines cross-national, ancient and cross-sectoral comparisons.
The writer distinguishes technological and monetary varieties of internationalization from coverage kinds, significantly judgements in robust in a foreign country countries and supranational legislation. He argues that, opposite to expectancies, the 1st used to be met with institutional inertia. by contrast, coverage kinds of internationalization, specifically reforms within the US and ecu Union legislation, performed major roles in undermining long-standing nationwide associations. The ebook explores the mechanisms wherein coverage types of internationalization have been influential via taking a look at the thoughts, coalitions and assets of key actors in nationwide arenas. It additionally indicates that institutional results have been striking: all 4 international locations, albeit via assorted routes, followed more and more related reforms of monetary institutions--privatization, the finishing of monopolies and delegation to autonomous regulatory organisations.
The ebook rejects the view that technological and monetary sorts of internationalization force institutional swap. It means that coverage kinds of internationalization are extra very important simply because they turn into a part of family determination making and relief the reform of well-established nationwide institutions.
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Internationalization and Economic Institutions: Comparing the European Experience by Mark Thatcher
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