Facets And Trends Of International Economic Cooperation

1889 Words Sep 23rd, 2014 8 Pages
Ward Westray
Professor Skidmore
POLS 126
23 September 2014
Facets and Trends of International Economic Cooperation International trade is an often-vexing field of study. The breadth of its scope, and the multitude of political, socio-economic, and strategic components that influence its inputs and outputs, can seem staggeringly huge, frustrating attempts to narrow in on and accurately study a select topic. One commonly observed trend is that of economic globalization, the phenomenon wherein countries’ economic situations, bolstered by increased international economic cooperation, can become significantly dependent on other countries. Despite its seemingly inexorable nature, however, globalization - and international economic cooperation in general - is not a fixed variable in international affairs, nor has it ever been. Many kinds of factors play a large role in determining the success or failure of efforts to organize international cooperation. On the domestic level, these chiefly consist of public influence and economic and developmental circumstances, while on the international level, factors including state sovereignty and political systems and institutions are highly influential. The worldwide existence of domestic sector-inclined protectionist tendencies and international competitiveness, each to various degrees, will undoubtedly continue in the future; however, the interconnectedness of international economic cooperation, bolstered by international institutions,…
Open Document