Suchergebnisse

A review essay on books (1) Alan D. Romber, Reign in at the Brink of the Precipice: American Policy toward Taiwan and U.S.-PRC Relations (Washington, DC: Henry L. Stimson Center, 2003); (2) Robert G. Sutter, The United States in East Asia: Dynamics and Implications (Lanham, MD: Rowman & Littlefield, 2003).

While the determinants and effectiveness of economic sanctions have been the subject of a substantial and growing literature in international relations, much less attention has been given to economic engagement strategies, where a country deliberately expands economic ties with an adversary to change the target's behavior. This article develops a theoretical framework that distinguishes between three types of engagement strategies: conditional policies that directly link economic ties to changed behavior in the target state; unconditional policies where economic interdependence is meant to act as a constraint on the behavior of the target state; and unconditional policies where economic interdependence is meant to effect a transformation in the foreign policy goals of the target state. The article presents several hypotheses concerning the conditions facilitating or hindering the successful implementation of these different strategies, and then examines engagement policies adopted by three East Asian states: South Korea, Taiwan, and mainland China. The cases offer preliminary confirmation of at least three of the hypotheses: conditional strategies are less likely to succeed when the initiating state is a democracy; transformative strategies are more likely to succeed when the target state is a democracy; and transformative strategies are more likely to succeed when a broad consensus exists in the initiating state.

The effect of traditional left-right economic preferences on countries' international financial openness is more subtle than existing studies have recognized. The authors investigate the role that partisan politics played in the liberalization of international financial markets within 12 Western European democracies from 1960 to 1986. The authors find that right governments tended to be active liberalizers of the capital account. They were more likely than left governments to enact liberalizations, and liberalizations were especially likely when new right governments entered office. Left governments typically acquiesced to these changes. Although less likely to enact liberalizations, they were no more likely to impose new restrictions. The authors' findings are consistent with studies that show how financial integration does not undermine welfare states but is still subject to partisan contention.