Development & International Cooperation December 1993

Fülszöveg

DEVELOPMENT INTERNATIONAL COOPERATION
VOLUME IX NUMBER 1 7 DECEMBER 1993
Regionalization and Globalization in the World Economy
PAUL STREBTEN Principles of International Cooperation
My call for new, Global institutions must not as organizations, what some call "regimes",
be misunderstood as a call for more interna- which, I would hope, would replace a regime
tional bureaucracies. of dominance and dependence by one of plu-
When I speak of institutions I have in mind ralism and equality, rules, procedures, norms, valuations, as well
ENZO GRILLI
Regionalism and Multilateralism: Conflict or Coexistence?
The compatibility of regionalism and multi- in the world trading system seems justificable
lateralism is not a matter of principles, but of both in terms of their welfare effects and their
behaviors. These behaviours can be benign in workability. In these circumstances, "laughing
some circumstances, but much less so in oth- out" second best consideration may not be too... Tovább

Fülszöveg

DEVELOPMENT INTERNATIONAL COOPERATION
VOLUME IX NUMBER 1 7 DECEMBER 1993
Regionalization and Globalization in the World Economy
PAUL STREBTEN Principles of International Cooperation
My call for new, Global institutions must not as organizations, what some call "regimes",
be misunderstood as a call for more interna- which, I would hope, would replace a regime
tional bureaucracies. of dominance and dependence by one of plu-
When I speak of institutions I have in mind ralism and equality, rules, procedures, norms, valuations, as well
ENZO GRILLI
Regionalism and Multilateralism: Conflict or Coexistence?
The compatibility of regionalism and multi- in the world trading system seems justificable
lateralism is not a matter of principles, but of both in terms of their welfare effects and their
behaviors. These behaviours can be benign in workability. In these circumstances, "laughing
some circumstances, but much less so in oth- out" second best consideration may not be too
ers. wise, and assuming compatibility between a
Guarded skepticism towards the tendency of consolidating regionalism and a weakening
regional arrangements to become dominant multilateralism may not be justified.
LOUIS T. WELLS, Jr. Conflict or Indifference: U. S. Multinationals in a World of Regional Trading Blocks
The wide-spread indifference to regional welfare of particular countries. Nor does the
blocks on the part of American multinationals indifference on the part of these important
does not imply that a movement away from a actors indicate that a move to regional blocks
global trading system toward such blocks is is inevitable, or even likely, beneficial for world welfare, or even to the
JOHN. M. STOPFORD Offensive and Defensive Responses by European Multinationals to a World of Trade Blocs
Innovations in corporate strategies and be- of exports and investment. European multi-havior associated with the globalization of nationals combine regional networks, within
competition are also changing the relative which there is extensive merchandise trade,
importance of exports and foreign direct in- and global intelligence systems that link-up
vestment as vehicles for serving foreign mar- their regional networks and increasingly in-
kets. Export-only strategies give way to a mix volve inter-regional trade in 'intangibles'. Vissza