institutional differences in
countries political regime
Democratic
The structure of the
government and the nature of
the party system
International Politics
theory of
hegemonic
stability (HST)
presence and influence
of international
institutions
EFFECT OF TRADE
Domestic Politics
trade liberalization can change domestic preferences about trade
character of national political institutions
constrain the policy
choices available to
decision makers
International
Politics
political relations with other countries
Trade policies
policies that have a direct impact on the
domestic prices of tradables, that is, goods
and services traded across national
boundaries as imports and/or exports.