Data indicate that there has been an increasing integration of world financial markets. These have raised fears that countries have become vulnerable to external policies and events. This article discusses the need for policy coordination when there is interdependence among countries. The...

As APEC provides venue for exploiting trade and investment gains in an integrated market, it allows the U.S. to strengthen its ties with the world’s dynamic economies and creates a global policy environment that promotes liberalization. Despite the tremendous benefits, however, the American...

As APEC provides venue for exploiting trade and investment gains in an integrated market, it allows the U.S. to strengthen its ties with the world’s dynamic economies and creates a global policy environment that promotes liberalization. Despite the tremendous benefits, however, the American...

Data indicate that there has been an increasing integration of world financial markets. These have raised fears that countries have become vulnerable to external policies and events. This article discusses the need for policy coordination when there is interdependence among countries. The...