Economic Globalization, International Organizations and Crisis Management

Economic globalization has intensified on the basis of new international links, especially in the field of foreign direct investment, financial capital flows and telecommunications liberalization. These and other developments have reinforced international interdependence and raise new issues for international organizations as well as for strategic behaviour of major actors. Based on historical perspectives of evolution of major organizations and developments during the 1990s, this analysis focuses on financial market dynamics, monetary issues and labour market aspects. Reform options for selected international organizations are discussed including aspects of trade, foreign investment and international externalities. Game theoretic concepts are also applied.