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- W2488773052 abstract "An influential thesis in the field of international political economy attributes the form and content of the post-1945 regimes for trade and money to a “compromise of embedded liberalism.” To date, evidence for this transatlantic consensus on open commerce tempered by moderate domestic intervention has rested on a single, Anglo-American case. This article, based on close examination of French archival records, expands the geographical and intellectual scope of this thesis. It demonstrates that French policymakers, influenced by new economic ideas and the lessons of the recent past, developed similar convictions about the state’s role in domestic and foreign economic policy. It shows how embedded liberalism triumphed in France through ideational competition between French “neoliberals” and “structural reformers.” After winning political power, the neoliberals recast France’s national interests, renounced the country’s historical protectionism, and committed France to an open, reciprocal, and non-discriminatory commercial order. They did so in the belief that openness would galvanize productivity, that discrimination and protection were illegitimate, and that new institutions could stabilize global markets and foster domestic welfare. This cognitive reorientation narrowed the range of disagreement during postwar Franco-American negotiations over France’s recovery and reintegration into the world economy, discussions that culminated in the Blum-Byrnes Commercial and Financial Accords of May 1946." @default.
- W2488773052 created "2016-08-23" @default.
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- W2488773052 date "2001-01-01" @default.
- W2488773052 modified "2023-09-23" @default.
- W2488773052 title "Embedded Liberalism in France? American Hegemony, the Monnet Plan, and Postwar Multilateralism" @default.
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- W2488773052 doi "https://doi.org/10.1007/978-1-349-62748-6_12" @default.
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