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International Institutions and the Political Economy of Integration
Paperback
Series: Integrating National Economies: Promise & Pitfalls
EconomicsGeneral Political ScienceInternational Relations
ISBN13: 9780815748212
Publisher: Brookings Institution Press
Published: Apr 1 1995
Pages: 194
Weight: 0.59
Height: 0.54 Width: 6.02 Depth: 9.03
Language: English
Dynamic changes in international institutions have been a striking feature of international politics in the post-cold war world. The General Agreement on Tariffs and Trade (GATT) has been transformed into the Word Trade Organization, the International Monetary Fund (IMF) and the World Bank have assumed new roles in the transitional economies of Eastern Europe and the former soviet Union, and regional arrangements have proliferated. With deepening economic integration, these institutions play an increasingly important role.
The core global institutions--the IMF, World Bank, and GATT--have redesigned their roles in response to the new realties of economic integration. Kahler explains the evolution of these institutions, compares their strengths and weaknesses, and analyzes their efforts to deal with deeper integration. He then considers the array of regional institutions--the European Union, North American Free Trade Agreement, and Asia-Pacific Economic Cooperation--and the tensions they must confront between national desires to maintain political autonomy and, at the same time, benefit form intensified economic exchange.
International institutions confront common dilemmas of widening scope and larger memberships. Kahler concludes that no single institutional model guarantees successful international collaboration. He argues that institutional variety is inevitable and even desirable, and highlights the advantages of flexible i
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