Transatlantic Governance in the Global Economy
Governance in the global economy is a topic of enormous importance. Despite the triumph of free trade, many actors still try to protect important sectors of society from the potentially destructive effects of unfettered free markets, and rules remain indispensable in settling disputes among states over trade, investments, and copyrights. This book is particularly significant because of its conceptual clarity and broad scope. Focusing on the transatlantic area as the engine of the world economy, the editors assess three different conceptual models offered by scholars: the classic state-centered approach, the transgovernmental approach, and the transnational system of private actors in an emerging global society. After a series of excellent case studies on trade and competition policies, food safety, business and labor dialogues, and civil-society initiatives, the editors conclude that "the U.S. executive and the European Commission have been and remain the dominant actors in transatlantic governance." Among all these networks, business remains the most successful. At a time when many essay collections are loosely shaped, unoriginal, or jargon-ridden, this one is a model of research and analysis.
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War-ravaged Bosnia has come a long way since the 1995 Dayton Accord. But Bosnia's stability rests on the West's large-scale involvement. Integration remains an unfulfilled hope. When foreign aid tapers off, as it soon will, Bosnia's economy will grind to a halt without major reforms. The world should safeguard Dayton's biggest success -- ending Europe's bloodiest war since World War II -- but hand Bosnia's political and economic future back to Bosnians.
With the EU's addition of ten new members and a likely slowdown in U.S. productivity growth, Europe has a chance to overtake the U.S. economy. To actually do so, however, it must boost its competitiveness with some much-needed reforms.

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