By Robert Z. Lawrence
In this capstone quantity within the INE sequence, the authors evaluate the starting to be strain for deeper overseas integration, discover the strengths and weaknesses of different ways to facing those pressures, and current concrete proposals to aid in achieving a world neighborhood that might stability openness, variety, and solidarity. A quantity of Brookings' Integrating nationwide Economies sequence
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Extra info for A vision for the world economy: openness, diversity, and cohesion
A. Putnam and Henning (1989). tional jurisdictions. Host countries were given primary responsibility for providing emergency liquidity of foreign banking affiliates. 5 Subsequent failures, such as the collapse of Banco Ambrosiano and the Bank of Credit and Commerce International (BCCI), have forced revisions and additions to these rules. 6 Trade An increase in concern over the international ramifications of domestic policies is also evident in the area of trade. Early GATT 5 Secrecy laws have actually made this difficult to apply.
With increased travel and improved communications, not only the issues but also the actors have been internationalized. Citizens, firms, and associations are linked internationally in relationships that sometimes bypass and sometimes pressure their national governments. Organizations and associations pursuing particular agendas cooperate internationally, strategically forming alliances to pressure national and international governments to promote their interests. S. S. government. Non-governmental organizations have become increasingly important substitutes and complements for official aid and assistance.
In March 1989 the Basel Convention on the Transboundary Movements of Hazardous Waste established an international regime of "informed consent" under which importing countries had to be properly notified before toxic waste was shipped to them. The European Community strengthened internal constraints and agreed to limits on shipments of toxic wastes to African, Caribbean, and Pacific countries under the framework of the Lomé IV Convention. Another important example of binding agreements over the global commons are those associated with Antarctica, a continent administered through regular meetings among the thirty-eight self-proclaimed Antarctic Treaty States.
A vision for the world economy: openness, diversity, and cohesion by Robert Z. Lawrence