better managed, less volatile, and less crisis-prone process One possible reason : the costs of not addressing some of today's problems are rapidly mounting , while the costs of taking corrective action declining as new financing technology becomes available.
Ever harder to ignore is that openness entails interdependence which is best addressed through cooperation
Once embarked on the path to economic openness , states find that one step leads to the next , They need to ensure that their jurisdiction is competitive in more integrated and more efficient markets National policy alignment under these conditions is no longer an issue solely of power politics It becomes a self-reinforcing systemic trend.