Miami 2012: Comparative Regional Integration and credible commitments

Miami 2012: Comparative Regional Integration and credible commitments

Abstract

In this paper the author will outline some essential characteristics about the EU designed to assure 'credible commitments' and take a look at how other integration schemes, NAFTA and MERCOSUR in particular, have tried to secure 'credible commitments'. The main variables to be discussed include: the degree of completeness of the original contract to start an integration process, the degree of asymmetry among the main participants, the degree of pooling and delegation of authority, and the availability of leadership to overcome collective action problems.

Dr. Finn Laursen