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Negotiating the World Economy
Author: John S. Odell

ISBN: 9780801486463
Format: Paperback
Number Of Pages: 272
Published: 17 March 2000
Country of Publication: US
Dimensions (cm): 23.5 x 15.6 x 1.8
It is often said economics has become as important as security in international relations. What goes on when government negotiators bargain over trade frictions, exchange rates, debts, and the rules of international economic organizations? Does their behavior have significant effects? Variations in the process of economic negotiation make a substantial difference to the outcomes of international economic issues, John S. Odell says, and the process can be understood and practiced better than it is now.

Odell identifies strategies used by actual negotiators, and explains strategy choice as well as why the same strategy can gain more in some situations and less in others. Focusing on ten major economic negotiations since 1944 that have involved the United States, Odell identifies three broad factors -- changing market conditions, negotiator beliefs and biases, and domestic politics -- as influences on strategies and outcomes. He depicts economic bargaining as neither purely distributive struggle nor win-win accommodation. He develops a theory premised on bounded rationality, setting it apart from the most common form of rational choice as well as from views tha...

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