Internationalisation and economic institutions: comparing European experiences

This work 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

This work 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.

This 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

Introduction : market internationalisation, policy, and national economic institutions -- Analysing market internationalisation and national institutions -- The internationalisation of securities markets -- Common pressures, diverse paths : securities trading in France, West Germany, and Italy 1965-85 -- From conservatism to revolution : British stock exchanges 1965-2005 -- Transformation and convergence : stock exchanges in France, Germany, and Italy 1986-2005 -- Internationalisation of telecommunications markets -- The force of inertia : telecommunications in France, West Germany, and Italy 1965-87 -- British telecommunications : from laggard to leader -- The European path to radical reform : telecommunications in France, Germany, and Italy 1988-2005 -- Power politics : electricity supply in Europe -- Changing course : airlines in Europe -- Liberalising the letter : the reform of postal services -- Conclusion : internationalisation through policy