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Article: International cooperation - a way out? (text prepared for the 12th annual conference on Socialism in the World - Socialism, Nations, and International Cooperation)
- Article from:
- Monthly Review
- Article date:
- November 1, 1987
CopyrightCOPYRIGHT 1987 Monthly Review Foundation, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INTERNATIONAL COOPERATION--A WAY OUT?
The more the capitalist world falls into disarray, the louder rise the cries about the need for international cooperation to set thing aright. One does not have to look far to find the evidence of disorder. Wide swings in foreign exchange rates, enormous inter-nation capital flows, a long-lasting and growing U.S. trade deficit, complex interlinking of debt throughout the global financial network, and extensive worldwide speculation in foreign exchange and financial instruments--all in the midst of grinding stagnation adding up to a system tottering on the brink of a potential breakdown of international finance and severe ...