The last fifty years have seen a progressive erosion of the Bretton Woods economic and regulatory compromise between international liberalism and domestic autonomy. While much has been written on the need to reform the "international financial architecture," there remains a more fundamental question of the appropriate relationship between national and international legal/regulatory systems. This study group focused specifically on various countries’ national laws and regulatory schemes, looking at the institutional choices for international competition policy, the institutional and legal hurdles to reforming the international financial system, and proposals for a new round of trade negotiations. The products of the study group were three papers: an essay on options for international competition policy, a scholarly article on institutional and legal hurdles to reforming the international financial system, and an essay on proposals for a new round of trade negotiations.