Towards a more coherent global economic order / foreword by Jacques Santer.

Format:

• Book

Contributor:

• European Commission. Forward Studies Unit.

Series:

• Forward studies series

Language:

English

Subjects (All):

• International economic relations.
• International trade.
• Commercial policy.
• Economic stabilization.
• European Union countries--Commercial policy.
• European Union countries.

Physical Description:

xviii, 105 pages : illustrations ; 23 cm.

Place of Publication:

New York : St. Martin's Press ; [Luxembourg] : Office for Official Publications of the European Communities, 1998.

Summary:

This evaluation of the potential for reform of the institutions of the international economic order was prompted by the 50th anniversary of the Bretton Woods Conference which led to the establishment of the International Monetary System. This book includes a study of long-term trends in the international economy, including the place of the European Union within it, and the need for institutional change in a changing world. An absorbing part of the work is devoted to the analysis of "clusters," the links between, for example, the environment and development, trade and finance or the relationship of finance and macroeconomics to structural adjustment, trade and investment.

Contents:

• 1. Framework of analysis 15
• 1.1. International economic order in a changing world 15
• 1.1.1. Characterization of the existing order 15
• 1.1.2. The historical context 16
• 1.1.3. The pressures for change 18
• 1.2. Defining the goals and addressing the legitimacy issue 22
• 1.2.1. European Union objectives 22
• 1.3. Directions for change in the international economic order 23
• 1.3.1. Approaches to dealing with increasing interdependence 23
• 1.3.2. The case for enhanced international coordination 25
• 1.3.3. Dealing with interdependence and interactions 29
• 1.4. Outline of approach 30
• 2. Analysis of 'clusters' 33
• 2.1. 'Cluster' 1: 'New' areas and traditional 'domestic' areas and their links with trade 33
• 2.1.1. Key problems in 'new' and traditionally 'domestic' areas 33
• 2.1.2. Main negative interactions between 'new' and traditionally 'domestic' areas and trade 40
• 2.1.3. Instruments and mechanisms 41
• 2.1.4. Institutional implications 43
• 2.1.5. European Union interests 45
• 2.2. 'Cluster' 2: Development and its links with macroeconomic stabilization, trade, the environment and migration policies 46
• 2.2.1. Key problems in development 48
• 2.2.2. Key negative interactions between development and other areas 51
• 2.2.3. Instruments and mechanisms 52
• 2.2.4. Institutional implications 55
• 2.2.5. European Union interests 56
• 2.3. 'Cluster' 3: The environment and its links with development, trade and finance 57
• 2.3.1. Key problems in environment policy 58
• 2.3.2. Key interactions between environment and other policies 59
• 2.3.3. Instruments and mechanisms 61
• 2.3.4. Institutional implications 63
• 2.3.5. European Union interests 64
• 2.4. 'Cluster' 4: Finance and macroeconomics and their links with structural adjustment, trade and investment 64
• 2.4.1. Key problems in finance and macroeconomics 66
• 2.4.2. Key negative interactions between finance and macroeconomics and other policy areas 68
• 2.4.3. Instruments and mechanisms 70
• 2.4.4. Institutional implications 72
• 2.4.5. European Union interests 75
• 3. General issues and institutional choices 77
• 3.1. Three challenges for the international economic order 78
• 3.1.1. Coping with interdependence and global markets 78
• 3.1.2. Improving legitimacy and effectiveness 81
• 3.1.3. Ensuring implementation and compliance 84
• 3.2. Institutional approaches to dealing with interactions 86
• 3.2.1. Cooperation between governments and between functional institutions 87
• 3.2.2. How far to go in providing overall coherence? 89
• 3.2.3. Some political challenges and a way forward 90
• 4.1. The goals to achieve 93
• 4.2. The key recommendations 94
• 4.3. The structure to strive for 97
• 4.4. The role and interests of the European Union 99.

Notes:

• Based on: Report on global economic order.
• Report by the European Commission's Forward Studies Unit.
• Includes bibliographical references.

ISBN:

0312216025

OCLC:

38765163