journal yale law the volume 76 number 7 june 1967 national economic policy in an interdependent world economy richard n coopert during the past decade there has been a strong ...
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...Journal yale law the volume number june national economic policy in an interdependent world economy richard n coopert during past decade there has been a strong trend toward eco nomic interdependence among industrial countries this growing makes successful pursuit of ob jectives much more difficult broadly speaking increasing interde pendence complicates objectives three ways first it increases and magnitude disturbances to which each country s balance payments is subjected turn diverts attention instruments restora tion external second slows down process by authorities acting on its own are able reach their domestic third response greater integration can involve community nations counter motions leave all worse off than they need be these difficulties complicated fact that objective involves international agreements reduce num ber available for article touches facets professor economics university b oberlin colege ph d harvard complete exposition argument published book tentatively ti...