Make state commitments more credible

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Reference no: EM134039129

Question

How do institutions help make a state's commitments more credible? They make a state commit to do something in a public and formal manner. They create a legal framework that can punish a state if it does not keep its commitment. They lower transaction costs for states in bargaining. They stop states from breaking promises that are in their self-interest.

Reference no: EM134039129

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