How should national governments respond to globalization?
โ Scribed by Dunning, John H.
- Book ID
- 104601155
- Publisher
- Wiley (John Wiley & Sons)
- Year
- 1997
- Weight
- 699 KB
- Volume
- 39
- Category
- Article
- ISSN
- 0020-6652
No coin nor oath required. For personal study only.
โฆ Synopsis
The theme of this commentary is based on two simple, but important, propositions. The first is that the advent of the global economy' is requiring national governments to completely reappraise their domestic macro-organizational strategies; and indeed their whole culture of decision taking. The second is that if individual countries are to fully benefit from participating in the new global economy their governments need both to better appreciate the nature of both domestic and international markets and to take more constructive and coordinated actions to help make them work.
Neither of these propositions necessarily implies that there should be less government or less taxation-or that governments should not "get off industry's back." Nor does it mean that governments should intervene more in the decision-taking process of the wealth creators of society, viz business enterprises. But what it does mean is that All "Commentaries" are articles intended to stimulate discussion and do not represent editorial opinion. 'Defined as an economy in which there is close economic interdependence among and between the leading nations in trade, investment, and cooperative commercial relationships; and where there are relatively few artificial restrictions on cross-border commerce.
๐ SIMILAR VOLUMES
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