(Project Syndicate) Jeffrey Sachs: A World of Regions

In almost every part of the world, long-festering problems can be solved through closer cooperation among neighboring countries. The European Union provides the best model for how neighbors that have long fought each other can come together for mutual benefit. Ironically, today’s decline in American global power may lead to more effective regional cooperation.

This may seem an odd time to praise the EU, given the economic crises in Greece, Spain, Portugal, and Ireland. Europe has not solved the problem of balancing the interests of strong economies in the North and those of weaker economies in the South. Still, the EU’s accomplishments vastly outweigh its current difficulties….

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Economy, Globalization