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The Consequences of Unfinished Institutions
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06 October 2026

This book examines the shifting dynamics of global trade governance in an era of uncertainty. Michael Sampson introduces a new framework to explain why rising powers like China have favoured flexible, low-detail agreements, while relatively declining powers such as Japan seek comprehensive deals to preserve influence.
Drawing on original analysis of trade arrangements, the book highlights how these competing strategies fuel conflict over institutions like the World Trade Organization and shape the future of international cooperation. The insights drawn are vital for scholars and policy makers navigating today’s fractured trade landscape.
Part I
1. The Strategic Consequences of Unfinished Institutions
2. The Risks and Rewards of Trade
Part II
3. Power Trajectory and Side Payments
4. The Theory
Part III
5. Power
6. Rising Powers
7. Declining Powers
Part IV
8. Unfinished Institutions in Trade
9. Contracting Options?