Facets And Trends Of International Economic Cooperation

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 developm ental 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,Show MoreRelatedThe Astana Economic Forum1520 Words   |  6 PagesThe Astana Economic Forum was organized by the Eurasian Economic Club of Scientific Association and the Kazakhstani government in an effort to integrate Eurasian countries within the global community and promote international initiatives and economic cooperation. 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