Globalization in search of a future : the contemporary challenge to national policies
AbstractThe globalization process formerly dominated by international trade and investment, is largely borne today by the reduction in the costs of information and communication processing, which altogether with the accumulation of knowledge and experience, deeply transforms the context for international transactions. This fast-paced global restructuring process raises some fundamental policy challenges. At the national level, it has made policy makers much more aware of the increased international implications of their policy actions. Policies that might appear "sustainable" within a national context may appear less so in an international one. On the other hand nation states remain the only actors that can help forge the new policy compromises that are needed. This holds not only for traditional macro-economic policy, but also for social, fiscal policy, social security and toolbox of policy instruments appears to be in need of some international counterpart.
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Bibliographic InfoPaper provided by CEPREMAP in its series CEPREMAP Working Papers (Couverture Orange) with number 9819.
Length: 23 pages
Date of creation: 1998
Date of revision:
Find related papers by JEL classification:
- F01 - International Economics - - General - - - Global Outlook
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-02-08 (All new papers)
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