A Global Solution to Multinational Default

Authors

Jay Lawrence Westbrook, The University of Texas School of LawFollow

Abstract

A new world is slouching toward New York and London, Beijing and Bangkok, to be born. If our planet and our values survive the secondary effects of that emergence, we may look forward to a humanity more prosperous and more integrated than at any time in human history. The force that drives us to that future is free-market capitalism constrained in the vessel of democratic institutions. One important element in its progress is the fashioning of an international system for managing the financial crises that are one of the free market's inevitable consequences. In this symposium, we debate which is the best such system we can devise.

Recommended Citation

Jay L. Westbrook, A Global Solution to Multinational Default, 98 Mich. L. Rev. 2276 (2000).
Available at: https://repository.law.umich.edu/mlr/vol98/iss7/5