Cascading Noncompliance: Why the Export Credit Regime is Unraveling
| Autor: | Jonas B. Bunte, Alexandra O. Zeitz, Geoffrey Gertz |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
Sociology and Political Science Process (engineering) 05 social sciences Demise 050601 international relations 0506 political science Market economy Work (electrical) 502027 Politische Ökonomie Political Science and International Relations 050602 political science & public administration 502027 Political economy Business China |
| Zdroj: | Review of International Political Economy. :1-25 |
| ISSN: | 1466-4526 0969-2290 |
| Popis: | How does international cooperation erode? Recent work has probed the demise of international institutions, but we know little about the process by which cooperation unravels. We develop a novel account of how cooperation falters in informal club regimes. We use it to explain the current unraveling of the international Arrangement on publicly backed export finance, which until recently had successfully tamed price competition between member countries for several decades. We show that the emergence of China as a major export credit power operating outside the regime helped catalyze this shift, but the story is more complicated. While initial defectors from the regime were those most exposed to Chinese export competition, subsequent defectors increasingly responded not just to China but also to the primary defectors. Thus, the key driver of unraveling cooperation in the regime is not the emergence of an external competitor per se, but the competitive pressures this shock unleashes within the agreement. By shifting attention from state-level rationales for (non)compliance to system-level competitive dynamics, our analysis has important implications for theoretical understanding of how international regimes erode. |
| Databáze: | OpenAIRE |
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