Negotiations for the Uruguay Round of GATT were completed on December 15, 1993. The round was marked by sharp conflict over agricultural subsidies, trade in services, intellectual property rights, and labor and environmental standards. Be prepared to state and defend the positions of your own country. This case explores the economic integration of Europe and the workings of the European Union as of mid-March 1999, when the Commission resigned because of corruption. Conceptually, the case considers the connections between monetary policy, fiscal policy, tax policy, and social policies.
Integration turns out to be an immensely complicated and slow-moving process.
In February 1998, the financial crisis that had swept through Asia provoked widespread concern, not only about Asian economies, but about the world economy in general. Despite the common concern, expert opinion varied as the causes of the crisis, the appropriate remedies, and the long-term consequences for the world economy. The Polish and Czechoslovak Economic Reforms. Following Czechoslovakia s first free following the fall of communism, Finance Minister Vaclav Klaus must design an economic reform program. Poland provided one possible model, but many believed Czechoslovaks believed that Polish shock therapy was too costly.