Suchergebnisse

How does economic globalization shape the regulations that states enact to control negative externalities? Previous research downplays the role of international cooperation and the present historical context, so it cannot offer a coherent theoretic account of the empirical record. I construct a formal model in which states can engage in regulatory cooperation to coordinate their policies. I prove three main results. First, a 'race to the bottom' is unlikely because it requires non-cooperative adjustments by industrialized countries. Second, a partial 'race to the top' is likely because many emerging countries stand to gain from reduced negative externalities and the competitiveness problem is limited when the most lucrative export markets are already regulated. Finally, powerful industrialized countries with a high regulatory capacity benefit from a global expansion of regulation. Adapted from the source document.

We address two questions that are central to the literature on the emergence of democracy & economic globalization. First, does democratization foster higher levels of trade & capital account openness? Second, do trade & capital account openness increase the likelihood of democratization? We review the literature in international political economy & comparative politics that has theoretically & empirically addressed these questions. We then conduct some empirical tests in a sample of developing countries to briefly evaluate the empirical relationship between democracy & economic globalization. Our analysis reveals that evidence for the claim that democracy fosters trade & capital account liberalization is robust but that empirical support for the predicted positive effect of economic openness on democracy among developing countries is weak. More theoretical work is needed to clarify the link between democracy & economic liberalization, & to this end we provide possible topics for future research. Adapted from the source document.

We address two questions that are central to the literature on the emergence of democracy and economic globalization. First, does democratization foster higher levels of trade and capital account openness? Second, do trade and capital account openness increase the likelihood of democratization? We review the literature in international political economy and comparative politics that has theoretically and empirically addressed these questions. We then conduct some empirical tests in a sample of developing countries to briefly evaluate the empirical relationship between democracy and economic globalization. Our analysis reveals that evidence for the claim that democracy fosters trade and capital account liberalization is robust but that empirical support for the predicted positive effect of economic openness on democracy among developing countries is weak. More theoretical work is needed to clarify the link between democracy and economic liberalization, and to this end we provide possible topics for future research.