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The primary understanding that they glean from their analysis is that the managerial approach is more likely to preserve a satisfactory level of compliance with international regulatory agreements based upon the factors of efficiency, interests, and norms (Chayes, p.4). In essence, the existence of international treaty norms broadly promotes compliance. The management strategy requires transparency, capacity building, and dispute settlement which, in turn, require data collection and verification to work (Chayes, 23-25). The WTO, WB, and IMF function under the notion that states operate interdependently, and thus collaboration is needed to achieve their goals...
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