Contrary to what might still be a widely held view, governments no longer merely act as aggregators of national policy preferences and national public policy is nested in global policy frameworks. And contrary to yet another perhaps still widely held view, the external policy expectations go far beyond promoting economic openness to promoting competitiveness, reducing negative cross-border spillovers, improving risk management, and sharing economic opportunities and gains more widely. The intended openness is to proceed, and the unintended (undesirable) openness is to be reined in.
Contrary to what might still be a widely held view, governments no longer merely act as aggregators of national policy preferences and national public policy is nested in global policy frameworks. And contrary to yet another perhaps still widely held view, the external policy expectations go far beyond promoting economic openness to promoting competitiveness, reducing negative cross-border spillovers, improving risk management, and sharing economic opportunities and gains more widely. The intended openness is to proceed, and the unintended (undesirable) openness is to be reined in.
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