... as the structures and the organization of the state, society, and the international system. Institutions shape actors' behaviour and policy development by conditioning the latter's perception of their interests and affecting the probability of their realization by constraining some choices and facilitating others. The main institutions comprise the trade and finance regimes. During the course of their interaction with the other actors, they often give up or modify their objectives in return for concessions from other members of the subsystem. This political bargaining is crucial in policy development since it marks an occasion where all involved bodies can persuade, oppose or support perspectives on the issue at hand taken by other actors. This also serves the combined function of maintaining a context of fairness in the presentation of issues for which action is required by the government as well as allows for the satisfaction of involved actors, since, it ...

See this essay or coursework document in full right now