Krasner considers the decline of the global economic power the United States enjoyed from the 1940s through the 1960s and prescribes a policy of specific repricocity that aims not at restoring the country's postwar position but at allowing it to compete effectively in an emerging and changing economic climate. Specific repricocity focuses on short term pay-offs, outcomes, and differences in the domestic institutional arrangements of major economic partners. It aims at maintaining global stability while supporting the national best interest.
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