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• W58524105 abstract "For America, the initial round of post-Cold War analysis and introspection has drawn to a close. The recent presidential election results validated Bill Clinton's central thesis of the primacy of economic concerns, and the corollary that domestic and international policies are not contradictory, but mutually-enabling. We have identified the primary sources of discord and deprivation in the post-Cold War disorder. The fragility of the economic and political institutions in emerging democracies has been demonstrated. Perhaps the most startling paradox of this era is that the so-called family of nations seems to be coalescing and disintegrating at the same time. The superpower rivalry that long stunted the effectiveness of systematic global action is now behind us. At the same time, however, the liberation of Eastern Europe and the former Soviet Union has been marred by outbreaks of destructive nationalism. Rivalries and hatreds, frozen for a half-century by Cold War superpower politics, are being revived at enormous human and economic cost. Western Europe has its own case of schizophrenia. Less than two years ago, the Treaty of Maastricht seemed the product of a victory of broad-minded multinational interest over narrow national interest. Many of the emblems of national identity - currency, tariffs, tax rates, separate environmental laws and labor guidelines - were to be cast off. With Europe in the lead, a new and sophisticated era of meganational trading blocs looked imminent. However, today many Europeans are having second thoughts. The Danes rejected Maastricht, and the French narrowly passed it. Although unification remains on track, implementation promises to be slow, with frequent compromises and a constant threat of backsliding. Meanwhile, the old Soviet bloc is splintering. Here, the trend is not toward multinational compromise, but ultranationalist self-definition. Czechoslovakia has split; Yugoslavia is in pieces. Separatist movements are on the rise throughout the old Soviet empire. Even in Germany, the euphoria of unification has soured as economic reality has set in. The Union of Domestic and Foreign Policy To meet the realities of the new world, one of the top domestic and foreign policy priorities of the Clinton administration should be American competitiveness. While some view this goal as mutually exclusive to activism in world affairs, I argue that this is not only untrue - it is impossible. Paradoxically, in the modern world a president must exercise strong leadership globally to achieve major progress domestically, and vice versa. Thus the new president should refocus attention and interest on building American economic strength to promote international institution building in the areas of international economy, law and the environment. During the 1980s, the notion that one could attract businesses by reducing taxes or eliminating environmental, health and safety regulations gained considerable currency, not only in the United States, but around the world. In the Caribbean and Latin America, a number of smaller nations, including the Cayman Islands and Panama, established banking systems designed to attract capital by protecting it from regulation. Countries like El Salvador, Mexico and China have cut corners on wages, work hours and employment of child or prison labor to produce lowest-cost goods for markets that might otherwise have purchased merchandise made in the United States. In many cases, policies that have made it inexpensive and profitable for capital to leave the United States or other advanced industrial countries and move to less-developed countries with lower standards, have created local economic booms in those nations. This phenomenon is likely to continue as each so-called success story spawns imitators who drive standards even lower in search of a competitive edge. Clearly, the United States should encourage the world community to pursue a global economy that does not reward the under-bidder without regard to basic environmental and labor standards. …" @default.
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• W58524105 date "1993-01-01" @default.
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• W58524105 title "Raising Standards: America's Challenge in the Post-Cold War World" @default.
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