Economic interdependence offers the potential for raising global welfare, but there is a fuzzy boundary between national interests and global objectives in the economic policy area. This paper examines the boundary area. It concludes that all international economic regimes must entail a mix of...

‘Austerity' was the 2010 word of the year according to the Merriam-Webster Dictionary, with more that 250,000 clicks on the online edition. This papers examines fiscal austerity in the specific context of the 12 early members of the European Economic and Monetary Union and, for comparative...