"We should be grateful to Ostry and Nelson for giving clarity
and balance to interrelated subjects too often dominated by passion
and muddle." Keith Pavitt, University of Sussex Sylvia Ostry is
chair of the Centre for International Studies, University of
Toronto. Richard R. Nelson is professor of international and public
affairs, business, and law at Columbia University.
This work is part of the Integrating National Economies series.
As global markets for goods, services and financial assets have
become increasingly integrated, national governments no longer have
as much control over economic markets. With the completion of the
Uruguay Round of the GATT talks, the world economy has entered a
fresh phase requiring different rules and different levels of
international cooperation. Policies once thought to be entirely
domestic and appropriately determined by national political
institutions, are now subject to international constraints. Cogent
analysis of this deeper integration of the world economy, and
guidelines for government policies, are urgent priorities. This
series aims to meet these needs over a range of 21 books by some of
the world's leading economists, political scientists, foreign
policy specialists and government officials.
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