Bulletin n. 1/2008 | ||
May 2008 | ||
Klodt Henning, Lorz Oliver |
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The coordinate plane of global governance | ||
in Review of International Organizations (The) , n. 1, vol. 3, march , 2008 , 29-40 | ||
ABSTRACT: The ‘coordinate plane of global governance’ developed in this paper describes the trade-off between static gains and dynamic losses associated with international policy harmonization. A simple model illustrates how potential gains result from producing positive international spill-overs, whereas potential losses come from restricted systems competition between national policy regimes. The solution to this model allows identifying the cut-off level between policies suitable for global harmonization and policies which should better not be centralized. An application of the concept to selected policy fields illustrates its relevance for decision-making on global governance. | ||