Internationalization and Economic Institutions
Comparing the European Experience
By (author) Mark Thatcher
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Internationalization and Economic Institutions by Mark Thatcher
Book DescriptionThis book examines when, how and why internationalisation affects national economic institutions. It confronts questions at the heart of debates in political economy and comparative politics: What does internationalisation of markets mean? Who are its carriers in domestic arenas? Through which mechanisms does it affect decisions about national institutional reform? What are institutional outcomes in the face of internationalisation? The book responds to its questions by looking at key economic institutions in five strategic sectors: securities trading, telecommunications, electricity, airlines and postal services. It compares across four countries that represent different 'varieties of capitalism', namely Britain, France, Germany and Italy, over the period between 1965 and 2005. Thus it combines cross-national, historical and cross-sectoral comparisons. The author distinguishes technological and economic forms of internationalisation from policy forms, notably decisions in powerful overseas nations and supranational regulation. He argues that, contrary to expectations, the first was met with institutional inertia. In contrast, policy forms of internationalisation, namely reforms in the US and European Union regulation, played significant roles in undermining long-standing national institutions. The book explores the mechanisms whereby policy forms of internationalisation were influential by looking at the strategies, coalitions and resources of key actors in national arenas. It also shows that institutional outcomes were surprising: all four countries, albeit through different routes, adopted increasingly similar reforms of economic institutions- privatisation, the ending of monopolies and delegation to independent regulatory agencies. The book rejects the view that technological and economic forms of internationalisation drive institutional change. It suggests that policy forms of internationalisation are more important because they become part of domestic decision making and aid the reform of well-established national institutions.
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Book DetailsISBN: 9780199245680
(240mm x 160mm x 24mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 19-Jul-2007
Country of Publication: United Kingdom
Books By Author Mark Thatcher
Resilient Liberalism in Europe's Political Economy, Paperback (August 2013)
This book explains why neoliberal economic ideas have not just survived, but thrived since the 1980s - taking Europe from boom to bust.
Internationalisation and Economic Institutions, Paperback (June 2009)
This book examines how and why internationalisation of markets affect economic institutions. Its arguments relate to major debates in comparative politics, international relations, globalisation, political economy, and regulation. It is also relevant for business studies and law.
Beyond Varieties of Capitalism, Paperback (June 2008)
Since the 1990s, Europe's economies have been facing new challenges: the single market programme, the collapse of the Berlin wall and Eastward enlargement, and monetary unification. Building on the influential Varieties of Capitalism perspective, this book analyzes these developments and their effects on European economies and firms.
Politics of Delegation, Paperback (April 2004)» View all books by Mark Thatcher
This volume examines key issues about the politics of delegation: how and why delegation has taken place; the design of delegation to non-majoritarian institutions; the consequences of delegation to non-majoritarian institutions and their
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Author Biography - Mark Thatcher
Mark Thatcher is Reader in Public Administration and Public Policy, Department of Government, London School of Economics and a member of the Centre for the Analysis of Risk and Regulation (CARR), LSE. His research lies in the field of comparative public policy and regulation in Europe. His interests lie in the way that institutions are designed and created, and then the effects of those institutions on the relationships between politics and markets. He has worked on the regulation of telecommunications and other utilities in Britain, France, Germany and Italy, and at the EU level. His is currently studying the regulatory reform in Western Europe and the effects of independent regulatory agencies.
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