Globalization and Institutional Adjustment: Federalism as an Obstacle? FROM THE PUBLISHER
Combining the disciplines of international political economy, public sector economics and comparative politics, this book debates whether federalism obstructs institutional adjustment under conditions of a globalized economy, or whether this depends upon the extent to which a given political system is centralized. Axel Hulsemeyer analyzes the ratification of the Single European Act and the Maastricht Treaty and contrasts these with the implementation of the bilateral free trade agreement between the United States and Canada as well as the NAFTA. Preferential trade agreements themselves are conceptualized as the state response to economic globalization.
SYNOPSIS
H�lsemeyer (Concordia U., Montreal) examines how constitutional provisions influence the way in which countries adapt to the process of economic globalization. Drawing on international political economy, public sector economics, and comparative politics, he investigates the causal relationship between regional integration and federal countries, and examines whether federalism obstructs institutional adjustment under conditions of a globalized economy, or whether this depends on the extent to which a specific political system is centralized. In a comparative analysis, the author traces the institutional adjustment to preferential trade agreements in the 1980s and 1990s, contrasting the Single European Act and the Maastricht Treaty in Germany with the bilateral CUSFTA and NAFTA in Canada. Annotation ©2004 Book News, Inc., Portland, OR
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