First published in 1998. This book makes an original contribution
to our understanding of policy failures at the European and
international level. On the basis of a comparative analysis the
study shows how the co-ordination mechanisms available in the
European Community and OECD have complicated the regulation of
national policies on state aid to exporting industries. This
failure can be explained in theoretical terms: international and
supranational organisations are not neutral arbiters, but have
interests of their own, interests which are not necessarily aligned
with those of their member states. In detailed case studies of
Britain, France and Germany the book examines how the preference
structure of governments in the exercise of their promotion
programmes contrasts with the policies enacted by international
bureaucracies. Walzenbach's interdisciplinary approach specifies
the conditions under which policy co-ordination can have
detrimental effects and thus, usefully corrects the benign view
held by most regime theorists about transaction-cost reducing and
efficiency enhancing role of such arrangement.
General
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