The modern structure of international economic policies

摘要

The quantitative importance of transnational corporations has widened the range of international economic policy to include measures that must make governments aware of the need to maintain the attractiveness of their economies to internationally mobile created assets. One important new aspect of international economic policy is that national policies are now interdependent so that the action needed to keep an activity of a transnational corporation "at home" also depends upon the policy stance and the economic attractiveness of other countries. By developing a hierarchy of policies, the intricacies of policy-making in a world of internationally mobile created assets can be better understood, and the degree to which policy makers enjoy the freedom to inaugurate such policies can be explored.