How Far Will International Economic Integration Go.doc

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Department
Political Science
Course
POL208Y1
Professor
Lilach Gilady
Semester
Winter

Description
How Far Will International Economic Integration GoDani Rodik Discusses in terms of international economic integration rather than globalizationHow Much More Integration Could There Be International economic integration remains remarkably limitedExchanges across national jurisdictions are subject to transaction costsThese transaction costs arise from various sources contract enforcement o When one of the parties withdraws from a written contract local courts may be unwillingand international courts unableto enforce a contract signed between residents of two different countriesNational sovereignty interferes much room for opportunistic behaviorInternational law severely limited in providing protectionImportant implications for how far international economic integration will goIf the reach of jurisdictional boundaries limits the depth of markets does it not follow that sovereignty imposes serious constraints on international economic integrationCan markets become international while politics
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