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First Paragraph
Referendums rest at the heart of a democratic philosophy. They entail a submission of law to the direct vote of the people. Democracy, in combination with free-market economics, has become the predominant basis of political institutions in the world today. Capitalistic Democracies recognize the efficiency of economies of scale available through modern technology and economic cooperation. In seeking to attain the prosperity, growth, and the derivative security inherent in economies of scale, many nations have banded together to form multilateral regional organizations.
Recommended Citation
Matthew J. Eshelman, The Maastricht Train: Slowing Down for Sharp Curves, 11 Penn St. Int'l L. Rev. 605 (1993).
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