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A Theory of International Organization$
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Liesbet Hooghe, Tobias Lenz, and Gary Marks

Print publication date: 2019

Print ISBN-13: 9780198766988

Published to Oxford Scholarship Online: September 2019

DOI: 10.1093/oso/9780198766988.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 July 2021

Why Do Some IOs Expand their Policy Portfolio?

Why Do Some IOs Expand their Policy Portfolio?

(p.60) 5 Why Do Some IOs Expand their Policy Portfolio?
A Theory of International Organization

Liesbet Hooghe

Tobias Lenz

Gary Marks

Oxford University Press

Chapter 5 explains change in an IO’s policy portfolio. The model is in two steps. In a first step, the extent to which an IO is grounded on an incomplete contract determines its responsiveness to exogenous shocks. Second and causally prior to this, contractual incompleteness is feasible only when the participants share norms that can allay fears of exploitation. Around three-quarters of the IOs in our sample exhibit change in their policy portfolios over the past sixty years, yet their trajectories vary widely. A model that specifies an IO’s contractual basis and its prior normative conditions explains more than half of the variance in the policy portfolio over time.

Keywords:   IO, international organization, IO policy, IO contract, community

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