1st Edition

Globalization and Institutional Adjustment
Federalism as an Obstacle?

ISBN 9780815389262
Published November 28, 2017 by Routledge
155 Pages

USD $160.00

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Book Description

Combining the disciplines of international political economy, public sector economics and comparative politics, this stimulating book debates whether federalism obstructs institutional adjustment under conditions of a globalized economy, or whether this depends upon the extent to which a given political system is centralized. Axel Hülsemeyer analyzes the ratification of the Single European Act and the Maastricht Treaty, and contrasts these with the implementation of the bilateral free trade agreement between the United States and Canada as well as the NAFTA. Preferential trade agreements themselves are conceptualized as the state response to economic globalization.

Table of Contents

Contents: Introduction: globalization, 'the State' and 'the Market'; Globalization and the adjustment of the public sector; Tracing the process of institutional mediation; Ratification through constitutional change: Germany, the Single European Act and the Maastricht Treaty; Implementation with a hitch: Canada, the CUSFTA and the NAFTA; Conclusion: federalism as an obstacle?; Bibliography; Index.

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