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Negotiating the World Economy

Bibliographic Data

ID23398291
AuthorsJohn S Odell, John Odell (corresponding author)
Year2019
Pages864
Publication date2019-12-31
Open AccessNo
TypeBOOK
VenueNegotiating the World Economy (SOURCE_BOOK)
PublisherCornell University Press (PUBLISHER)
DOI10.7591/9781501732058
OpenAlexW1495565332
Open LibraryOL51662630M
ISBN9781501732058
LanguageEN
Citations received100

It is often said economics has become as important as security in international relations, yet we work with much less than full understanding of what goes on when government negotiators bargain over trade, finance, and the rules of international economic organizations. The process of economic negotiation shapes the world political economy, John S. Odell says, and this essential process can be understood and practiced better than it is now.His absorbing book compares ten major economic negotiations since 1944 that have involved the United States. Odell gives the inside stories, targeting the strategies used by the negotiators, and explaining strategy choice as well as why the same strategy gains more in some situations and less in others. He identifies three broad factors—changing market conditions, negotiator beliefs, and domestic politics—as key influences on strategies and outcomes. The author develops an insightful mid-range theory premised on bounded rationality, setting it apart from the most common form of rational choice as well as from views that reject rationality. Negotiating the World Economy reveals a rich set of future research paths, and closes with guidelines for improving negotiation performance today. The main ideas are relevant for any country and for all who may be affected by economic bargaining.

Bounded rationality · Economics · Government (linguistics) · International relations · Invisible hand · Law and economics · Microeconomics · Negotiation · Neoclassical economics · Political economy · Political science · Politics · Positive economics · Rationality · Set (abstract data type) · Computer Science · European Union Policy and Governance · Global Peace and Security Dynamics · Law · Leadership, Human Resources, Global Affairs

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Unique citing works100
Citations per year4
Citation span2001 - 2026 (26)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 59

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