The three essays in this chapter focus on current policy issues involving interactions across national economies. Given that the global economy is in a synchronized slowdown in economic activity, the first two essays are devoted to an examination of the international business cycle linkages among the seven major advanced economies—hereafter called the Group of Seven (G-7) countries—and between the advanced and developing economies. The final essay looks at the issues involved in the proposed launching of a new multilateral trade round under the auspices of the World Trade Organization (WTO).
International Monetary Fund Copyright © 2010-2025. All Rights Reserved.