Votes, vetoes, and the political economy of international trade agreements / Edward D. Mansfield and Helen V. Milner.

Format:

Book

Author/Creator:

Mansfield, Edward D., 1962-

Contributor:

Milner, Helen V., 1958-

Language:

English

Subjects (All):

Commercial treaties.

International trade.

Physical Description:

1 online resource (224 p.)

Edition:

Course Book

Place of Publication:

Princeton, N.J. : Princeton University Press, 2012.

Language Note:

English

Summary:

Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement. These agreements foster economic integration among member states by enhancing their access to one another's markets. Yet despite the importance of PTAs to international trade and world politics, until now little attention has been focused on why governments choose to join them and how governments design them. This book offers valuable new insights into the political economy of PTA formation. Many economists have argued that the roots of these agreements lie in the promise they hold for improving the welfare of member states. Others have posited that trade agreements are a response to global political conditions. Edward Mansfield and Helen Milner argue that domestic politics provide a crucial impetus to the decision by governments to enter trade pacts. Drawing on this argument, they explain why democracies are more likely to enter PTAs than nondemocratic regimes, and why as the number of veto players--interest groups with the power to block policy change--increases in a prospective member state, the likelihood of the state entering a trade agreement is reduced. The book provides a novel view of the political foundations of trade agreements.

Contents:

Frontmatter

Contents

List of Figures and Tables

Preface and Acknowledgments

Commonly Used Abbreviations

Chapter 1. Introduction

Chapter 2. A Political Economy Theory of International Trade Agreements

Chapter 3. Systemic Influences on PTA Formation

Chapter 4. Regime Type, Veto Players, and PTA Formation

Chapter 5. Auxiliary Hypotheses about Domestic Politics and Trade Agreements

Chapter 6. Conclusions

Bibliography

Index

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

Includes bibliographical references and index.

ISBN:

9786613589453

9781280494222

1280494220

9781400842537

1400842530

OCLC:

784954172