<<But beyond these instant questions, the United States also should initiate an international, high-level, thoughtful review of questions underlying this crisis. These would include the efficacy of IMF rescue measures; the issue of controls on short-term capital movements across borders; the assertion that global capital flows have sparked or could spark a race to the bottom in labor standards, environmental regulation and taxation of capital; the most effective and humane way to liberalize an economy; and more. By joining these issues in a serious way, the Clinton administration could provide a welcome reaffirmation of its ability to provide leadership at a shaky time. >>