Translation of "Internationale wirtschaftsordnung" in English

Let a just international economic order be implemented.

Hayek wrote very little on international economic order.

Our aim in the context of the European Union's strategy must therefore be to consolidate Libya's integration into an international political and economic system based on shared rules.

We are against disguised protectionism which perpetuates an unfair international economic order and are for the inclusion of a social clause in international trade agreements.

The Community also contributes in the framework of the North-South Dialogue and the United Nations to the search for a new international economic order which would accelerate the development of all Third World countries and also contribute to the recovery of the economies of industrialized countries (the Third World takes 37% of European exports, mostly capital goods and finished products) though the rate of export growth has remained relatively slow.

The Wilhelm Merton Professorship and the Wilhelm Merton Centre for European Integration and International Economic System at the Frankfurt Goethe-University, the Wilhelm Merton Scholarship and Mertonviertel ("Merton District") in Frankfurt, on the former work site of the ‘Unified Germany Metal Works’ (a subsidiary of Metallgesellschaft), are all named after him.

Little did these countries know that their divergent paths would end up fueling large global imbalances, and eventually trigger a financial crisis that has shaken the prevailing international economic order to its foundations.

Not only do the countries of the south not have the financial resources to pay back their debts but, on top of that, the international economic order, which has foisted a demented concept of liberalism on the world, is preventing the majority of our partners in the south - I am thinking in particular of those in Northern Africa and sub-Saharan Africa - acceding to the conditions for development that is even remotely sustainable.

This new international economic order feeds on human poverty and cheap labor: high levels of national unemployment in both developed and developing countries have contributed to depressing real wages.

Here, the establishment of the International Bank for Reconstruction and Development, the eventual World Bank, and the International Monetary Fund laid the foundation for the international economic order after the war.

The international economic order remains fundamentally unjust, and Europeans need to make a major contribution to make things fairer, and simpler for the people.

But before I explain in detail the determinants of our balance sheet and profit and loss account together with Mr Thiele, I would like to talk about monetary policy in the light of the economic setting and about the international economic system.

First of all it is in a instrumental or functional sense rather synonymous with "entwicklungsadäquat" (adequate for development), i.e. the national as well as international economic system may in no case hinder the process of the development but should rather promote it.

First, he ignores the classical liberal insight, from Hume and Smith to Röpke and Tumlir, that, fundamentally, a liberal international economic order is generated „from below” as a byproduct of proper constitutional observance within national orders; it does not result directly „from above” through international political cartels.

To strike at the very heart and at the causes of the dilemma, we must examine and change the written and unwritten rules, both agreed to and imposed upon us, that today govern the international economic order and the creation and distribution of wealth, particularly in the food production and distribution sector.

The same considerations of unity and rationalization which made it possible for our countries to achieve standards of life and liberty which were inconceivable in former generations (and which we must beware of disparaging with snide insinuations) have at the same time deprived women of their traditional role and economic status and deprived the countries of the Third World of their survival techniques, with the result that both alike have been the last to enjoy the advantages of modern society — and then only with difficulty.

We must decide on a strategy, a strategy centred on investment. Economic recovery must be based on investment, not on a massive increase in overall demand.

Our economic expert Cora Jungbluth sees a revival of the WTO trade rounds as a possible solution: "We must promote an international economic order that does not promote the right of the strongest, but sets common binding rules and standards," says Jungbluth, "Only in this way can globalization profits be distributed as widely as possible."

Cora Jungbluth, economic expert at the Bertelsmann Stiftung, sees a revival of the WTO trade rounds as a possible solution: "We must promote an international economic order that does not promote the right of the strongest, but sets common binding rules and standards," says Jungbluth, "Only in this way can globalization profits be distributed as widely as possible."

Today unilateralism would result in an unstable, inefficient and unjust international economic order.

Those looking around the next corner also worry about the stability of an international economic order in which the difficulties faced by the system’s Western core are gradually eroding global public goods.

It was thought by many that the economic growth we experienced, and which we are still experiencing to a certain extent, would inevitably benefit developing, countries, that the effect of our prosperity — although threatened — would automatically profit the third world.

General economic measures are necessary as well as specific measures to help young people and women.

The Commission kept itself informed of the work of the sixth special session of the General Assembly, which concluded with a Declaration and Programme of Action on the Establishment of a New International Economic Order.

The Community is ready to take on its share of the responsibility for building a stabler, juster and more efficient world economic order.

Now more than ever there was a need for close coordination of short and medium term economic policies, in that short-term policies should further medium and long-term policies. Furthermore, an increasing amount of national public expenditure would have to be earmarked for investment in infrastructure and the promotion of economic expansion.