Michal Gal's thorough analysis shows the effects of market size on competition policy, ranging from rules of thumb to more general policy prescriptions, such as goals and remedial tools. Competition policy in small economies is becoming increasingly important, since the number of small jurisdictions adopting such policy is rapidly growing. Gal's focus extends beyond domestic competition policy to the evaluation of the current trend toward the worldwide harmonization of policies.
This interdisciplinary study discusses the development, economics, and politics of North Cyprus, a divided state since 1960 when sovereignty was surrendered by the British to both Greek and Turkish Cypriots. Mehmet works to demonstrate that, as a microstate with an area of just 3,442 square kilometers, North Cyprus possesses certain inherent comparative economic advantages in the service sectors that enable it to be sustainable in today's rapidly globalizing and competitive economic world.
Mehmet bases his arguments for the potential sustainability of North Cyprus on the concept of economic rationalism, in which participating parties work to optimize their own self-interest. In an ethnic conflict like that of North Cyprus, the logic of optimization demands a rational, free, and objective balancing of competing interests to reach an agreed solution. The economic rationalist approach sharply contrasts with the highly emotional political, historical, cultural, and legal approaches that have thus far dominated the study and discussion of the Cyprus problem, approaches that have largely resulted in a protracted conflict.
While recognizing the negative forces of ethnic tension and the very real possibility of a continued divided Cyprus state, Sustainability of Microstates nevertheless remains hopeful, designed to unleash the forces of convergence that may be deduced from economic rationalism, and unwavering in its conviction of the ultimate sustainability of North Cyprus.
Do states trust each other? What are the political and ethical implications of trust? Drawing from a wide range of disciplines, Trust and Hedging in International Relations adds to the emerging literature on trust in international relations by offering a systematic measure of state-to-state trust. Looking at how relationships between European microstates and their partners have evolved over the past few centuries, Stiles finds that rather than trusting, most microstates are careful to hedge in their relations by agreeing only to arrangements that provide them with opt-out clauses, heavy involvement in joint decision-making, and sunset provisions. In the process, Stiles assesses the role of rationality, social relations, identity politics, and other theories of trust to demonstrate that trust is neither essential for cooperation nor a guarantee of protection and safety. Finally, he explores the ethical implications of a foreign policy founded on trust—in particular whether heads of state have the right to enter into open-ended agreements that put their citizens at risk.