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The Global Economy, National Governments and Supranational Economic Regimes

In: International Trade, Foreign Direct Investment and the Economic Environment

Author

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  • John H. Dunning

Abstract

The theme of this chapter is based on two simple, but important, propositions. The first is that the advent of the global economy1 is requiring national governments to reappraise their domestic macro-organizational policies2; and, in doing so, to take a more systemic approach to the implementation of these policies. It is also demanding reconsideration of the role of supra-national regimes, e.g. GATT, the World Bank, IMF and the UN, particularly as fashioners and sustainers of a level playing field for international competition. The second is that, if individual countries are to fully embrace the challenges of the global marketplace, their governments need both to appreciate the nature of the new international division of labour and to take more constructive and coordinated action to help cross-border markets to work efficiently.

Suggested Citation

  • John H. Dunning, 1998. "The Global Economy, National Governments and Supranational Economic Regimes," Palgrave Macmillan Books, in: P. K. M. Tharakan & D. Bulcke (ed.), International Trade, Foreign Direct Investment and the Economic Environment, chapter 6, pages 77-99, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14030-5_6
    DOI: 10.1007/978-1-349-14030-5_6
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    Cited by:

    1. Marzenna Weresa, 2001. "The Impact of Foreign Direct Investment on Poland's Trade with the European Union," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 71-83.

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