Internationalization and Domestic Politics
Robert O. Keohane, Helen V. Milner
Cambridge University Press, Apr 26, 1996 - Business & Economics - 308 pages
Much recent economic analysis has been devoted to exploring the effects of internationalization on macroeconomic policy options, national competitiveness, and rewards to various factors of production. The central proposition of this volume is that we can no longer understand politics within countries without comprehending the nature of the linkages between national economies and the world economy, and changes in such linkages. The authors examine the effect of internationalization on the policy preferences of socioeconomic and political agents within countries toward national policies and national policy-making institutions and on the national policies and policy institutions themselves.
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actors agricultural analysis argue argument assets autarky balance of payments budget deficits bureaucratic capital account capital controls capital mobility capital taxation central bank China closed economy coalitions communist competition corporatism costs crises crisis currency demand democratic Deng Deng Xiaoping depreciation developing countries dollar domestic institutions domestic politics economic pluralism economic policy effects electoral rules example exchange rate exogenous easing expected exports favor financial markets firms fiscal foreign exchange foreign trade Frieden and Rogowski Garrett Geoffrey Garrett global groups growth impact important incentives increase inflation institutional change integration interest rates international economic International Monetary Fund international trade Japan leaders left-labor power liberalization macroeconomic Maxfield ment Ministry monetary policy Nihon keizai shimbun nomic party percent policy change policy preferences political institutions pressures production provinces reform regional relative prices significant social Soviet Union strategy tion tional tradables producers trends vote workers world economy world market