Convergence As Adaptivity : Understanding Policymaking in an Era of Globalization / Zhiyuan Wang.

Format:

Book

Author/Creator:

Wang, Zhiyuan, 1981- author.

Language:

English

Subjects (All):

Globalization--Economic aspects.

Globalization.

Globalization--Political aspects.

International cooperation.

Policy sciences.

Genre:

Electronic books.

Physical Description:

1 online resource (219 pages)

Edition:

First edition.

Place of Publication:

Albany, NY : State University of New York Press, [2023]

Summary:

Argues that states substitute unwanted policy changes dictated by globalization with politically feasible ones, leading to policy convergence.

Contents:

Intro

Contents

List of Illustrations

Figures

Tables

Acknowledgments

Introduction: A Globalized World, yet Nationalized Policies

The Convergence Thesis: The Market Dominates the State

The Divergence Thesis: The State Still Matters

A New Direction: Strategic Convergence

An Overview of the Theoretical Framework

Evidence from the Policy Areas Examined

Contributions to the Literature

Plan of the Book

Chapter 1: Measured Adaptivity: Policy Convergence through Substitution under Globalization

Globalization and Policy Convergence

Problematizing the Globalization-Convergence Thesis

Policy Adaptivity and State Capacity

Globalization's Addition to a Constraining Policy Environment

Policy Substitution-Induced Convergence

Conclusion

Chapter 2: The Proliferation of Bilateral Investment Treaties and Judicial Independence

The Politics of Judicial Independence

The Difficulty of Sustaining Domestic Judicial Reforms

BITs as a Policy Substitute

The Highly Restricted Role of Domestic Courts in Investor-State Disputes

Research Design

Data

Estimation

Findings

Robustness Checks

The Case of Egypt

Chapter 3: Labor Rights and the Making of Preferential Trade Agreements

Why States Form PTAs

Globalization and Labor Protection

PTAs as Viable Substitutes for Reductions in Labor Protection

The Political Costliness of Reducing Labor Protection

The High Economic Benefits and hence Lower Political Costs of Making PTAs

Results

Robustness Checks

The Case of the China-New Zealand Free Trade Agreement

Chapter 4: Partisanship, Labor, and Corporate Taxation

Partisan Governments and Corporate Taxation

Leftist Governments, Labor Rights, and Corporate Taxation under Globalization

Lowering Labor Rights Protection Hurts Leftist Governments' Constituencies

Cutting Corporate Tax Rates Is Economically Effective and Politically Achievable

Estimator

Some Anecdotal Evidence

Chapter 5: Diffused Capital Account Openness and Central Bank Independence

Why CBI? Existing Studies

Issues with Capital Account Openness

CBI, Credibility, and Foreign Capital Inflows

Estimation Strategy

Findings

The Case of the Philippines

Conclusion: Outwitting Globalization

Globalization Prevails?

Rediscovering Policy Autonomy

Globalizing International Political Economy

Globalization and Varieties of Capitalism

Neoliberal Economics and Policy Adaptivity

A Recipe for Survival and Prosperity

The Next Step?

Notes

References

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index

Description based on publisher supplied metadata and other sources.

Description based on print version record.

Other Format:

Print version: Wang, zhiyuan Convergence As Adaptivity

ISBN:

9781438493800

1438493800

OCLC:

1385454758