Co-ordination in context: institutional choices to promote exports
This book makes an original contribution to our understanding of policy failures at the European and international level. On the basis of a comparative analysis the study shows how the co-ordination mechanisms available in the European Community and OECD have complicated the regulation of national policies on state aid to exporting industries. This failure can be explained in theoretical terms: international and supranational organisations are not neutral arbiters, but have interests of their own, interests which are not necessarily aligned with those of their member states. In detailed case studies of Britain, France and Germany the book examines how the preference structure of governments in the exercise of their promotion programmes contrasts with the policies enacted by international bureaucracies. Walzenbach's interdisciplinary approach specifies the conditions under which policy co-ordination can have detrimental effects and thus, usefully corrects the benign view held by most regime theorists about transaction-cost reducing and efficiency enhancing role of such arrangement.
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Welfare and Institutional Design
Cooperation Coordination and Integration
Export Promotion and Levelling the Playing Field
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activities agreement aid finance analysis argued Arrangement banks benefits Britain budget capital cent co-operation co-ordination mechanisms co-ordination process Coface commercial Commission committee competition context contracts costs Council cover decision-making decisions developing countries development aid ECGD effect European Communities European Parliament evaluation example export credit agencies export credit insurance export finance export promotion export subsidies factors favour firms foreign formal framework France French GATT German groups guarantees harmonisation implementation important industrial influence instruments insurance agencies interest rates international institutions international organisations issue long-term market failures Ministry of Economics mixed credits negotiations OECD official export credit official support overall participants particular policy co-ordination policy-making political position potential premium procedures programme projects proposal reform regime regime theory regulations regulatory reinsurance relation risks role rules sector solution Soviet Union specific strategy structure subsidies tied aid transaction transaction costs