Thursday, April 2, 2009

Naming and Shaming

. Thursday, April 2, 2009

Direct from the G20 summit:


A commitment to "name and shame" countries that renege on free trade agreement.

If protectionism stems from domestic political pressure, will international "shame" only increase a politician's payoff to trade closure?  A leader (or legislature) gets a lot of political mileage out of protecting their constituency from the big, bad, greedy world.  But, that political capital skyrockets when that leader/legislature does so in the face of international pressure to do other wise.  

I predict lots of David vs. Goliath analogies in the months to come.  Just another reminder that audience costs cut both ways - they can constrain or embolden.

0 comments:

Naming and Shaming
 

PageRank

SiteMeter

Technorati

Add to Technorati Favorites