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January 11, 2011

Bringing common sense back to the globalization debate

Suppose that the world’s leading policymakers were to meet again in Bretton Woods, New Hampshire, to design a new global economic order. They would naturally be preoccupied with today’s problems: the eurozone crisis, global recovery, financial regulation, international macroeconomic imbalances, and so on. But addressing these issues would require the assembled leaders to rise above them and consider the soundness of global economic arrangements overall.

Here are seven commonsense principles of global economic governance they might agree on.

Posted at 04:01 AM | Permalink

Comments

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." Friedrich Hayek

Posted by: T Man | January 12, 2011 at 02:09 PM

I am interested on how this would turn out, all our leaders need to stop fighting and come up with a resolution!

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Thanks for article.

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Posted by: Account Deleted | January 21, 2011 at 01:53 AM

raf

Thanks.

Posted by: Account Deleted | January 22, 2011 at 06:53 AM

These are good proposals. They leave certain questions unanswered such as: How much should democratic countries trade with non democratic ones?
But they are good starting point for a reassesment of "globalization".

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the eurozone crisis, global recovery, financial regulation, international macroeconomic imbalances.....This matters are real headaches.

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