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Chapter 9 Challenges Ahead – Can Europe be Saved?

In: The United States of Europe: European Union and the Euro Revolution, Revised Edition

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  • Manoranjan Dutta

Abstract

Literature on economic cooperation among sovereign nation state economies has been extensive. In the post-WWII decades, the two Bretton Woods institutions, the International Monetary Fund (IMF) and the World Bank (WB) each with 184 Member States, have been instituted to sustain the global financial system for the noncommunist free-market economies. Under the umbrella of the United Nations, which currently has a membership of 192, the institutions, such as United Nations Conference on Trade, Aid and Development (UNCTAD), United Nations Educational, Scientific and Cultural Organization (UNESCO), United Nations Institute for Research and Training (UNITAR), World Health Organization (WHO), the World Food Organization (WFO), have their respective economic assignments. The World Trade Organization (WTO), currently with 148 memberships, has been much involved in the negotiation of global trade agreements; an international regime of free and competitive trade has been a subject of substantive negotiations. The WTO came out of the General Agreement on Tariffs and Trade (GATT).

Suggested Citation

  • Manoranjan Dutta, 2011. "Chapter 9 Challenges Ahead – Can Europe be Saved?," Contributions to Economic Analysis, in: The United States of Europe: European Union and the Euro Revolution, Revised Edition, pages 229-242, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:ceazzz:s0573-8555(2011)0000292016
    DOI: 10.1108/S0573-8555(2011)0000292016
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