Contemporary International Economy

Paper Summary:

This paper provides an overview of the forces at play in the international community today as they affect the contemporary international economy. The writer then provides a discussion of the current trends affecting international institutions in the 21st century. Further, the writer offers an analysis of the impact these events and trends have had on international institutions. This is followed by a summary of the research and salient findings in the conclusion.

Outline:
Introduction
Review and Discussion
Background and Overview
Events and Trends Affecting International Institutions in the 21st Century
Impact of Events and Trends on International Institutions
Conclusion

From the Paper:

"Following World War II, the United States assumed a leadership role in developing new types of international institutions. For example, the General Agreement on Tariffs and Trade (GATT) provided for a liberalization of international trade, the Bretton Woods framework created a fixed exchange-rate system (which lasted until 1971), and the International Monetary Fund controlled the flow of credits until the mid- 1970s and once again from the early 1980s thereafter; in addition, these authors note that the EEC institutionalized a free-trade area in the heart of Western Europe at this time. According to Mingst, international institutions are defined as those they are comprised of membership from at least three states, having activities in several states, and whose members are held together by a formal agreement. A coordinating body for international institutions, the Union of International Associations, currently distinguishes between the more than 250 international governmental organizations (IGOs) that have been created by intergovernmental agreements and whose members are states, and the approximately 6,000 nongovernmental organizations (NGOs), whose members are associations or individuals."

Sample of Sources Used:

• Burke, T. (1997, June 20). The buck stops everywhere. New Statesman, 126(4339), 14.
• Calestous, J. (2005, March). Biotechnology in a globalizing world: The coevolution of technology and social institutions. Bioscience, 55(3), 265.
• Danks, C. J., & Kennedy, P. (2001). Globalization and national identities: Crisis or opportunity? New York: Palgrave.
• Debrah, Y. A., & Smith, I. G. (2002). Globalization, employment, and the workplace: Diverse impacts. London: Routledge.
• Detomasi, D. (2002). International institutions and the case for corporate governance: Toward a distributive governance framework? Global Governance, 8(4), 421.

More papers on Contemporary International Economy:

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• Analytical Essay # 130694 : "International Political Economy"
• Term Paper # 148574 : "International Trade Regulations in China"

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