Global Economic Integration

Global Economic Integration

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The increasingly integrated global economy presents both opportunities and challenges to national and international policymakers. Global economic integration is widely thought to improve the allocation of resources, promote technological transfer, and enhance living standards. But, at the same time, economic integration has frequently been associated with growing trade imbalances, increased financial market volatility, and less effective domestic macroeconomic policies.To identify domestic and international policies that will help nations around the world achieve the greatest net benefits from global integration, the Federal Reserve Bank of Kansas City sponsored a symposium, titled qGlobal Economic Integration: Opportunities and Challenges, q at Jackson Hole, Wyoming, on August 24-26, 2000. The symposium brought together a distinguished group of central bankers, academics, and financial market representatives to discuss these issues.WAYNE ANGELL Senior Managing Director aamp; Chief Economist Bear, Stearns aamp; Co., Inc. GERARD BAKER Washington Bureau Chief Financial Times MARTIN H. BARNES Managing Editor The Bank Credit Analyst Research Group STEVENanbsp;...

Title:Global Economic Integration
Author:Alan Greenspan
Publisher:The Minerva Group, Inc. - 2001-12-01


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