Internationalisation and Economic Institutions:
Comparing the European Experience
Thatcher, Mark Reader in Public Administration and Policy, London School of Economics
Print publication date: 2007 (this edition)
Published to Oxford Scholarship Online: September 2007
Print ISBN-13: 978-0-19-924568-0
doi:10.1093/acprof:oso/9780199245680.003.0014
 

Mark Thatcher
This final chapter summarises the findings of the book and relates them to broader debates about internationalisation of markets and domestic institutional reform. It presents a policy analysis approach of market internationalisation and economic institutions that builds on, but develops, second image reversed and comparative institutionalist approaches. The framework put forward differs from these last two by adopting a broader definition of internationalisation, one that includes international policy decisions. It suggests that carriers of internationalisation are not just socio-economic interests but also political and state actors, especially governments. It argues that internationalisation affects national decisions through a broader range of mechanisms than economic efficiency or distributional conflicts, and highlights those mechanisms that feed in directly to the domestic policy process and involve governments. It suggests that nations that represent very different varieties of capitalism can adopt similar sectoral institutions, but that they do so through diverse routes that reflect their domestic politics.
Keywords: policy analysis, markets, institutional reform, domestic politics
doi:10.1093/acprof:oso/9780199245680.003.0014
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