Sunday, 6 November 2011
Economic Diplomacy in a Changing World by Maxime Verhagen and Henk Bleker in HJD
To solve this issue, we see an increasing role for economic diplomacy. Domestic policy influences the economies of trading partners, which should remind us that all countries are in this together and therefore need to work jointly to find a solution in the G20, International Monetary Fund (IMF), EU or any other multilateral framework that offers the opportunity to ensure strong, balanced and sustainable growth. 20
20. See P.A.G. van Bergeijk, On the Brink of Deglobalization: An Alternative Perspective on the Causes of the World Trade Collapse (Cheltenham: Edward Elgar, 2010); and S.J. Evenett, B.M. Hoekman and O. Cattaneo (eds), The Fateful Allure of Protectionism: Taking Stock for the G8 (London: World Bank and CEPR, 2009).