Towards a more coherent global economic order

European Commission Secretariat-General

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• Publié par: EUROPEAN-COMMISSION-SECRETARIAT-GENERAL
• Nombre de lectures: 3
• Langue: English
• Poids de l'ouvrage: 2 Mo

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FORWARD STUDIES SERIES TOWARDS A MORE COHERENT GLOBAL ECONOMIC ORDER FOREWORD BY: Jacques Santer European Commission + Towards a More Coherent Global Economic Order Publisher's Note The books published in the Forward Studies Series contain a selection of research studies, reports, seminar or conference proceedings of the European Commission's Forward Studies Unit. In publishing these works in the Forward Studies Series, the original material has undergone editorial rearrangement. Bibliographies have been added where necessary. Forward Studies Series TOWARDS A MORE COHERENT GLOBAL ECONOMIC ORDER Foreword by Jacques Santer .* EUR * * op * *•* Office for Official Publications of the European Communities KOGAN PAGE British Library Cataloguing in Publication Data A CIP record for this book is available from the British Library First published in 1998 © European Communities, 1998 No part of this book may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without written permission from the copyright holder. Office for Official Publications of the European Communities 2 rue Mercier, L—2985 Luxembourg ISBN 92-828-2662-7 Catalogue No CM-11-98-649-EN-C Kogan Page 120 Pentonville Road, London NI 9JN ISBN 0 7494 2711 6 Hardback ISBN 0 7494 2712 4 Paperback Typeset by BookEns Ltd, Royston, Herts Printed and bound in Great Britain by Biddies Ltd, Guildford and King's Lynn Contents Foreword ix Jacques Santer, President of the European Commission Preface xiii List of abbreviations xv Background and purpose xvi Introduction and summary 1 1. Framework of analysis 15 1.1. International economic order in a changing world 1.1.1. Characterization of the existing order 1 1.1.2. The historical context6 1.1.3. The pressures for change 18 1.2. Defining the goals and addressing the legitimacy issue 22 1.2.1. European Union objectives 2 1.3. Directions for change in the international economic order3 1.3.1. Approaches to dealing with increasing interdependence 1.3.2. The case for enhanced international coordination 25 1.3.3. Dealing with interdependence and interactions9 1.4. Outline of approach 30 Towards a more coherent global economic order 2. Analysis of'clusters' 33 2.1. 'Cluster' 1: 'New' areas and traditional 'domestic' areas and their links with trade 3 2.1.1. Key problems in 'new' and traditionally 'domestic' areas 3 2.1.2. Main negative interactions between 'new' and traditionally 'domestic' areas and trade 40 2.1.3. Instruments and mechanisms 41 2.1.4. Institutional implications3 2.1.5. European Union interests5 2.2. 'Cluster' 2: Development and its links with macroeconomic stabilization, trade, the environment and migration policies 46 2.2.1. Key problems in development8 2.2.2. Key negative interactions between development and other areas 51 2.2.3. Instruments and mechanisms2 2.2.4. Institutional implications5 2.2.5. European Union interests 56 2.3. 'Cluster' 3: The environment and its links with development, trade and finance 57 2.3.1. Key problems in environment policy 58 2.3.2. Key interactions between environment and other policies 59 2.3.3. Instruments and mechanisms 61 2.3.4. Institutional implications3 2.3.5. European Union interests4 2.4. 'Cluster' 4: Finance and macroeconomics and their links with structural adjustment, trade and investment 6 2.4.1. Key problems in finance and macroeconomics6 vi Contents 2.4.2. Key negative interactions between finance and macroeconomics and other policy areas 68 2.4.3. Instruments and mechanisms 70 2.4.4. Institutional implications2 2.4.5. European Union interests5 3. General issues and institutional choices 77 3.1. Three challenges for the international economic order 78 3.1.1. Coping with interdependence and global markets 3.1.2. Improving legitimacy and effectiveness 81 3.1.3. Ensuring implementation and compliance 84 3.2. Institutional approaches to dealing with interactions6 3.2.1. Cooperation between governments and between functional institutions 87 3.2.2 How far to go in providing overall coherence? 89 3.2.3. Some political challenges and a way forward 90 4. Key recommendations and conclusions 93 4.1. The goals to achieve 4.2 The key recommendations4 4.3.e structure to strive for 97 4.4. The role and interests of the European Union 99 The Forward Studies Unit 103 vu