Leaving aside the issue of stabilization measures to be adopted to overcome the current crisis (beginning 2008), which development policies should be adopted in an increasingly open economy, in which, as the literature reviewed in section 4 suggests, economic integration may increase instability and raise the probability of crises and generate adverse distributional effects? Specific measures will have to reflect the different size, economic specialization, level of development and institutions of the countries considered. Yet, the common aim of the suggested measures is to avoid crises, promote growth and reduce inequality.