TY - BOOK AU - Mansfield,Edward D. AU - Milner,Helen V. TI - Votes, Vetoes, and the Political Economy of International Trade Agreements SN - 9780691135298 U1 - 382/.9 23 PY - 2012///] CY - Princeton, NJ : PB - Princeton University Press, KW - Commercial treaties KW - International trade KW - POLITICAL SCIENCE / International Relations / Trade & Tariffs KW - bisacsh KW - European Union KW - North American Free Trade Agreement KW - balance of power KW - domestic political conditions KW - domestic politics KW - economic integration KW - global business cycle KW - global political economy KW - hegemony KW - international relations KW - international trade agreements KW - international trade KW - political economy KW - preferential market access KW - preferential trading arrangements KW - ratification KW - regime type KW - strategic interaction KW - trade barriers KW - trade relations KW - veto players N1 - Frontmatter --; Contents --; List of Figures and Tables --; Preface and Acknowledgments --; Commonly Used Abbreviations --; Chapter 1. Introduction --; Chapter 2. A Political Economy Theory of International Trade Agreements --; Chapter 3. Systemic Influences on PTA Formation --; Chapter 4. Regime Type, Veto Players, and PTA Formation --; Chapter 5. Auxiliary Hypotheses about Domestic Politics and Trade Agreements --; Chapter 6. Conclusions --; Bibliography --; Index; restricted access; Issued also in print N2 - Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement. These agreements foster economic integration among member states by enhancing their access to one another's markets. Yet despite the importance of PTAs to international trade and world politics, until now little attention has been focused on why governments choose to join them and how governments design them. This book offers valuable new insights into the political economy of PTA formation. Many economists have argued that the roots of these agreements lie in the promise they hold for improving the welfare of member states. Others have posited that trade agreements are a response to global political conditions. Edward Mansfield and Helen Milner argue that domestic politics provide a crucial impetus to the decision by governments to enter trade pacts. Drawing on this argument, they explain why democracies are more likely to enter PTAs than nondemocratic regimes, and why as the number of veto players--interest groups with the power to block policy change--increases in a prospective member state, the likelihood of the state entering a trade agreement is reduced. The book provides a novel view of the political foundations of trade agreements UR - https://doi.org/10.1515/9781400842537?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9781400842537 UR - https://www.degruyter.com/cover/covers/9781400842537.jpg ER -