Private Interests and Government Policy in a Global World

Today’s global world is characterized not only by a high volume of international trade and foreign investment relative to national income, but also by a changed composition of that trade towards a greater fraction of trade in inputs and capital goods and outsourcing of production.. Emphasized is the possibility of a “civil war” scenario whereby government attempts to control and regulate the private sectors of the economy result in attempts to “flee the jurisdiction” by private interests, leading to a greater impetus for governments to form regional agreements in order to maintain control over the private sector. <BR><BR>