Clubs demokratischer Marktwirtschaften als Antwort auf geopolitische Spannungen?

Dieter Heribert ()
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Dieter Heribert: Stiftung Wissenschaft und Politik Berlin Deutschland

Zeitschrift für Wirtschaftspolitik, 2022, vol. 71, issue 3, 225-231

Abstract: There is probably no way around the reorganization of the regulatory framework for cross-border trade in goods and services. The WTO cannot be reformed because of profound differences between important member states. Open clubs of market-based economies are a possible alternative. However, these plurilateral agreements must not be conceived as closed systems, but must be open to all states, whether democratically constituted or not. It is a matter of enforcing economic principles and not of implementing a values-based foreign economic policy. At the same time, it should not be forgotten that the international division of labor has ensured high gains in global welfare. Specialization, competition and the reduction of trade costs have made these successes possible, not state control. The re-emergence of government economic planning, for example in the production of semiconductors, is leading us in the wrong direction.

Date: 2022
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DOI: 10.1515/zfwp-2022-2083

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