International Political Economy: Perspectives on Global Power and Wealth, Fourth Edition

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Jeffrey A.Hart and Aseem Prakash 191

the global economy. However, STIPs as intervention games...highlight the need
for developing new international institutions to prevent costly and senseless
competitive interventions....
Thus the controversy over STIPs, on the one hand, is provoking new domestic
debates on how to modify the relationships between states and markets to enhance
the economic well-being of a country’s population, and, on the other, highlights
the dangers of widespread adoption of such policies.


REFERENCES


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Johnson, C. (1982). MITI and the Japanese Miracle. Stanford, CA: Stanford University
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Krugman, P.R. (1994). Peddling Prosperity: Economic Sense and Nonsense in the Age of
Diminished Expectations. New York: Norton.
Richardson, J.D. (1986). “The New Political Economy of Trade Policy,” in P.R.Krugman
(ed.), Stategic Trade Policy and the New International Economics. Cambridge, MA:
The MIT Press.
Ruggie, J.G. (1982). “International Regimes, Transactions and Change: Embedded Liberalism
in the Postwar Economic Order.” International Organization 36, 379–415.
Tyson, L.D. (1992). Who’s Bashing Whom? Trade Conflict in High Technology Industries.
Washington, DC: Institute of International Economics.

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