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Forming Economic Policy: The Case of Energy in Canada and Mexico

Forming Economic Policy: The Case of Energy in Canada and Mexico

Hardcover

Series: Bloomsbury Academic Collections: Economics

Business GeneralGeneral Science

ISBN10: 1472511743
ISBN13: 9781472511744
Publisher: Bloomsbury Publishing PLC
Published: Jan 9 2014
Pages: 176
Weight: 0.94
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English

How do governments make key decisions on vital economic questions of national
importance? Can they advance the national interest on issues that are highly
politicized? How do they respond to competing pressures from the international and
domestic environments?

Forming Economic Policy explores these and other questions in Canada and Mexico, two very different countries which share a common vulnerability to the world economy. Using the case of energy, the book argues that policymakers will address the national interest, but only episodically with the onset of major national crises that invoke a higher and sustained sense of national priorities. These crises are frequently induced by the interaction of domestic and foreign political and economic forces.

The conclusions are surprising. Despite profound political and economic differences between these two countries, policymakers have behaved in remarkably similar ways when arriving at key policy decisions. The explanation - which integrates two competing views of politics, the pluralist and the statist - has important implications with regard to the political processes in those states which, like Canada and Mexico, are exposed to the world economy and face problems of political legitimacy at home.

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General Science