What impact does internationalisation have on the national institutions that govern and regulate our markets and industries? This is the key question asked by the book which has recently been awarded the 2008 Charles H Levine memorial book prize.
The book, Internationalisation and Economic Institutions: comparing the European experiences (Oxford University Press, 2007), written by LSE academic Professor Mark Thatcher, was awarded the prize by the International Political Science Association's Research Committee on the Structure of Governance.
Professor Thatcher argues against views that institutional change is driven by external technological and economic forms of internationalisation. Rather, the book argues that policy forms of internationalisation, ie EU and US regulatory reforms, are key determinants, because they become part of domestic decision making. They aid sweeping reforms of well-established national institutions, such as the establishment of independent regulatory agencies or liberalisation of markets. Indeed, they contribute to economic institutions converging (although through different routes), across previously very different nations.
The book sustains its arguments by analysing the markets for five strategic sectors: stock exchanges, telecommunications, electricity, airlines and postal services. It compares four countries that represent different 'varieties of capitalism', namely Britain, France, Germany and Italy, over the period between 1965 and 2005.
The prize is given in honour of Charles H Levine, who was a distinguished member of the Research Committee and served on the editorial board of its official journal, Governance. It was presented to Professor Thatcher at a lunch during the American Political Science Association annual meeting in Boston.
Professor Thatcher said: 'I am immensely honoured by this award that recognises the value of comparative and historical research.'
Professor Rodney Barker, head of the Government Department at LSE, said: 'This is one more feather in the cap of the school and of its Government Department. Mark's award is yet another recognition that LSE is at the forefront of the social sciences in their analysis and explanation of the complexities of the modern world.'
Internationalisation and Economic Institutions: comparing the European experiences (Oxford University Press, 2007) is written by Mark Thatcher, Professor of Comparative and International Politics, at LSE. For more information about the book, visit www.oup.com/uk/catalogue/?ci=9780199245680
Further contact: Nicole Gallivan, LSE Press Office, 020 7955 7060, email@example.com
4 September 2008