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Creative ReconstructionsMultilateralism and European Varieties of Capitalism after 1950$
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Orfeo Fioretos

Print publication date: 2011

Print ISBN-13: 9780801449697

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801449697.001.0001

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Lessons from Capitalist Diversity and Open Governance

Lessons from Capitalist Diversity and Open Governance

(p.172) Chapter 7 Lessons from Capitalist Diversity and Open Governance
Creative Reconstructions

Orfeo Fioretos

Cornell University Press

This concluding chapter outlines lessons for other countries struggling with the implementation of national economic reforms amidst increased global market integration and dense forms of multilateralism. It illustrates how the design problem is situated at the center of analysis, and how economies are treated as open systems of governance in which the actions of governments and economic groups are shaped by the joint constraints of national and multilateral designs. The broader implication of the design problem is that the extent to which both national and multilateral institutions are incentive compatible affects the long-term willingness of domestic groups to support the national economic reform agenda of governments.

Keywords:   economic reforms, global market integration, multilateralism, governments, economic groups, national institutions, multilateral institutions

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