The Community and the Changing World Economic Order
The beginning of this decade has brought uncertain but steady progress towards a negotiated order in East-West relations. Among the industrial countries of the West (which in this context includes Japan), however, relations have been marked by crisis, strife and uncertainty. That part of the international order which is most relevant to our welfare seems to be stretched to breaking point by new demands made upon it. The only reassuring element is the evident determination of all participants to keep some sort of agreed system in operation, even if this means relying on ever more short-lived expedients, tackling symptoms rather than fundamentals. The European Community has a great stake in, and responsibility for, a viable international economic order. Yet this concept has little currency in the Community, and its responsibility is still too often conceived in regional terms.
KeywordsFree Trade Labour Market Policy Domestic Politics Trading Nation International Economic Relation
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