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The effects of globalization and turbulence on policy-making processes

Article Abstract:

Supranational institutions have spurred the creation of trading blocks that will eventually become one global market. This has led to domestic-led turbulence as nations adapt to global markets and their whims, and external-led turbulence, generated by the actions of transnational actors who control monetary issues. As a result of these types of turbulence more globally powerful nations have more say in policy, domestic policy-makers are fighting global and internal forces, and proactive policies will be promoted for their domestic benefits.

Decision-making, Decision making, International aspects, Domestic policy

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Getting the core: a neo-institutionalist approach to the EMU

Article Abstract:

The neo-institutionalist approach toward the creation of European Monetary Union relies on the development of new institutions in order to achieve lower inflation rates and macroeconomic adjustments. There is a clear indication of a transition from multilateralism to a more selective minilateralism catering to the needs of core countries. This is exhibited in the strong bilateral relations between France and Germany.

Analysis, Evaluation, European Monetary System, Regionalism (International organization)

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The fast track from the Soviet Union to the world economy: external liberalization in Estonia and Latvia

Article Abstract:

Estonia and Latvia have done much to liberalize their trade policies since the breakup of the Soviet Union. The external and internal factors which have contributed to this liberalization are examined.

Latvia, Estonia, Statistical Data Included, Baltic States

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