International Integration and Political Preferences: New Insights from the Recent History of EMU
Many international treaties and cooperation processes require prospective member countries to achieve given standards in either economic, social or environmental quality. In this paper I explore the effect of such standards on domestic political preferences and outcomes. We argue that risk averse voters are likely to lean more on “safe” policy platforms in response to the increased polarization due to the membership requirement. This is particularly true when failure to join the international coalition implies severe losses. I then use these arguments to interpret the marked shift in political outcomes that took place in the Euro-zone prior to the adoption of the Euro in 2002, and propose a similar key of interpretation for political outcomes in countries that are at risk of exit from the EMU.
Volume (Year): (2012)
Issue (Month): (July)
|Contact details of provider:|| Postal: Corso Magenta, 63 - 20123 Milan|
Web page: http://www.feem.it/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fem:femre3:2012.07-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (barbara racah)
If references are entirely missing, you can add them using this form.