Differently, Rational Choice Institutionalism is the school of thought by which actors take a utilitarian approach in using institutions, but simultaneously are faced with regulatory constraints that are presented through the institutional atmosphere whereby their behavior and execution is influenced. Rational Choice Institutionalism was largely influenced by institutional and congressional behavior in the mid 1970's and uses neo-classical economic molds to explain how institutions are created and how political actors come to make decisions. ...
At the time this Report is being released, the world economy continues to emerge slowly from the most serious economic crisis of the post–World War II period-one that has deeply transformed the global economy and highlighted the increasingly important role that emerging markets and developing economies play in the global economy. As advanced economies are searching for ways to speed up their economic engines, emerging and developing countries have been important drivers of the global economic recovery. As a result, the nature of the relationship between advanced economies and emerging on...
During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. Whether or not such developments are good or bad is a topic of ongoing political debate. Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standar...