Suchergebnisse

This book presents an interpretation of the interaction of national economies through international trade. It makes clear the links of both cause and effect that exist between an individual country and developments abroad, and then connects these links for all countries into an international system. Issues such as the process of adjustment, exports, investment and international capital movements are discussed. Statistical content from 25 countries around the world is provided to back up the theoretical concepts and the international findings compared

The purpose and objectives of this article are to provide a comparative analysis of the development of the international economic system and international law. Methodological approach. The work uses general scientific methods, as well as the method of legal interpretation and the comparative legal method. Results and conclusions. The article reveals the concept of the international economic system (MEA) as particularly significant for the most important sections of a number of sciences - economics, political science, philosophy, and law. It is shown that the MEA is the reality that each science studies from its own point of view. It is in the international economic system - on the territory of all States of the world-that the production of goods and services takes place, commodity flows are formed, and the cross-border movement of goods, services, financial instruments, investments, and labor is carried out. National law and international law serve as a kind of legal superstructure over these realities; through the two systems of law, States manage processes and regulate all types of relations in the international economic system. The originality and value of the work lies in the identification of the relationship between the MEA and international law. The author examines how international law is involved in the process of regulating international economic relations at all levels and how it will change along with the transformation of the MEA, which is taking place in our time.

Global trade flows : old structures, new issues, empirical evidence / Richard J. Grant, Maria C. Papadakis, and J. David Richardson -- The Uruguay Round and the GATT : whither the global system ? / John Whalley -- Globalism and regionalism : complements or competitors? / Soogil Young -- The existing bloc expanded? The European Community, EFTA, and Eastern Europe / Per Magnus Wijkman -- NAFTA and Pacific partnership : advancing multilateralism? / H. Edward English and Murray Smith -- The Pacific : an application of a general theory of economic integration / Peter Druysdale and Ross Garnaut -- Subregional economic zones : a new motive force in Asia-Pacific development / Chia Siow Yue and Lee Tsao Yuan -- Changing patterns of direct investment and the implications for trade and development / Shujiro Urata -- The yen and the International Monetary System / Takatoshi Ito -- Human capital flows / Glenn A. Withers -- Economic growth, environmental issues, and trade / Kym Anderson -- Implications of the post-cold war politico-security environment on the Pacific economy / Hadi Soesastro

The multinational corporation (MNC) is neither a new development in the world economy nor an unknown phenomenon in economic history, but its effect on the international economic system is truly revolutionary. The growing size and volume of international transactions undertaken by MNCs are already overwhelming the more traditional forms of international trade and capital flows for many countries. This is causing changes in the location and organizational structure of business activity and is raising public policy issues with which governments have not adequately dealt. MNCs have proven a mixed blessing. As technological leaders, MNCs help to diffuse management, production, and marketing techniques throughout the world. Nurtured by the growing integration of world product and capital markets, MNCs contribute to the further integration of the world economy. This trend reduces the distortions erected by man and nature, but places stresses on the international monetary system and on the efficacy of domestic economic policies. At present, the institutional framework of the international system is unequipped to contend with many of the jurisdictional problems created by MNCs, including excessive market power, distribution of tax revenues, and threats to national sovereignty. Policies are needed to ensure a competitive environment and to reconcile the activity of multinational corporations with national interests and welfare.