Abstract
Most regional and international regimes – systems in which national governments yield power to a supranational authority that grants member nations rights and imposes obligations on them – emerge from crisis. For example, after wars end, security regimes are often created: nations pledge mutual support via NATO and similar organizations to prevent or deal with future conflicts. Similarly, economic crises may be followed by trade regimes that require member states to lower barriers to goods from all member nations, as with the WTO. Finally, there can be financial regimes, such as the IMF establishing rules for fiscal and monetary policies before providing loans to governments.
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© 2005 United Nations University — World Institute for Development Economics Research
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Martin, P. (2005). Economic Integration and Migration: The Mexico–United States Case. In: Borjas, G.J., Crisp, J. (eds) Poverty, International Migration and Asylum. Studies in Development Economics and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230522534_13
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DOI: https://doi.org/10.1057/9780230522534_13
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