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This article reviews the main findings of studies undertaken by the FAST programme into the phenomenon of the globalisation of economic and industrial systems. Six scenarios are postulated, ranging from the pax triadica to the global Single Market based on the full realisation of GATT. The crucial differences are between governance by market mechanisms or by mixed cooperative mechanisms, and the prevailing logic of fragmentation or integration.

Additional information

Authors: PETRELLA R, European Commission, Bruxelles (BE)
Bibliographic Reference: Article: Euro abstracts, Vol. 32 (1994) No. 11, pp. 703-710
Record Number: 199510415 / Last updated on: 1995-03-16
Original language: en
Available languages: en