Non-Equilibrium Social Science and Policy by Jeffrey Johnson Andrzej Nowak Paul Ormerod Bridget Rosewell & Yi-Cheng Zhang

Author:Jeffrey Johnson, Andrzej Nowak, Paul Ormerod, Bridget Rosewell & Yi-Cheng Zhang
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

3Liberal institutionalism explores how self-interested parties can cooperate on the basis of rules and norms when there is no central authority. It is often identified with the writings of Keohane [10]. It has influenced scholars of international relations to explore the many ways that institutions can help overcome barriers to cooperation.

4External competition, in a global environment of market liberalism will drive all firms and nations, to similar regulatory structures, similar standard of living and eventually similar systems of domestic governance. To attain this peak, the best organisational norms will be selected; the convergence of productive capacity will produce convergent living standards, which will create a global middle class with the same culture of efficiency and the same aspirations for democratic participation.

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