Nothing on unemployment, nothing on East Asia. What is G7 good for?

Article Abstract:

The Group of Seven (G7) meeting in London, England, failed to address key aspects of the world economy, including unemployment and the East Asian crisis. It is clear that the G7 can be effective where a global macro-economic problem can be addressed through an agreement between the main countries involved. However, it cannot deal with regional micro-economic problems, which require structural action by single governments. The main role for the G7 may be tackling the very large imbalances which threaten to damage the world economy.

Conferences, meetings and seminars, Group of 7

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The slow burn of the euro

Article Abstract:

The launch of European monetary union went smoothly, and the euro may continue to operate smoothly for some years to come. The euro could last for many years, even if it is managed relatively badly. However, its survival is not guaranteed. Practical tensions are likely to emerge, and the euro could begin to come under significant pressure. It is important not to regard developments relating to European monetary union in the near future as being an indication of its long-term prospects.

Forecasts and trends, European Monetary System

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The dawning of the age of the Anglo-Saxon

Article Abstract:

The growing strength of the economies of the UK, the US, Canada and Australia compared with those of East Asia, Japan and continental Europe has led to Anglo-Saxon economic ideology becoming dominant. In the first half of the 1990s, UK economic experts were hailing Asian values as the way forward, but the UK is now becoming a model for other countries. However, it is important to be aware that this situation may not persist, and triumphalism must be avoided at all costs.

International aspects, Economic policy

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