The lesson from previous episodes of trade reform is in part a story of political framing as well as a story of compensatory deals. Countries can calculate that they might lose out on the solution to one of the issues but gain on another.

A world government does not seem to be indispensable for a world economic policy. The work of international agencies, as inter alia IMF, GATT, ILO, WHO, UN Economic and Social Council and World Bank, proves the contrary. Global tasks can in many instances be tackled through treaties and...

The increasing cross-border flows of information, trade, capital and technology have profoundly changed the macroeconomic fabric of nations. In the emergent borderless world macroeconomic theories and policy-making confront new challenges. This paper identifies and evaluates some of these...