McNamara, Kathleen R. (1993) "Learning to Cooperate: The Creation of Policy Consensus in the European Community". In: UNSPECIFIED, Washington, DC. (Unpublished)
Abstract
Why do some efforts at international economic cooperation fail while other succeed? (1) This paper provides one perspective on this question by examining two attempts at exchange rate cooperation in the European Community. My explanation for the differing levels of cooperation evidenced in the two regimes focuses on how changes in the international economy have constrained governments; it also shows how learning and the development of shared beliefs about domestic policy can have important effects on the potential for multilateral cooperation. While providing a solution to an empirical puzzle about the European Community, this account also offers broader implications for the creation and maintenance of multilateral economic institutions in an era of increasing economic interdependence.
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