Global Governance An Architecture For The World Economy

Globalization deeply affects economic structures and raises the issue of how governments should respond to new challenges. In this book, various ways of improving the institutional setup for global governance are discussed by renowned experts. The discussion focuses on further liberalizing international trade, preventing international financial crises, and protecting global environmental systems. The advantages of free international trade as well as the fears of those who are against globalization are considered in the contributions.

Leading specialists from Europe and Japan examine the institutional mechanisms of governance at the global level and provide concrete evidence of the role Japan plays in these institutions. An excellent introduction to the concept of global governance, the volume analyzes how global governance actually works through the global institutional mechanisms of governance. It provides an up-to-date and contemporary analysis of the six most important global institutions, namely: the Group of 7/8 the Organisation for Economic Cooperation and Development the World Bank the International Monetary Fund the World Trade Organization the United Nations. Written clearly and concisely, the book provides a thorough and accessible discussion on Japan’s role within these institutions and uses supporting case studies to ask whether Japan is reactively or proactively involved in trying to shape these institutions in order to promote its own interests. As such, it will be a valuable resource for undergraduates and scholars with an interest in global governance, Japanese politics and political economy.

In light of new global challenges for international cooperation and coordination, such as the revival of protectionism, surge of populism, or energy-related issues, this volume highlights possible scenarios for the future of Global Economic Governance (GEG). The contributing authors analyze the substance of GEG as a normative framework for resolving collective action issues and promoting cross-border co-ordination and co-operation in the provision or exchange of goods, money, services and technical expertise in the world economy. Furthermore, the book examines drivers of fundamental shifts in global economic steering and covers topics such as power and authority shifts in the global governance architecture, technological and energy-related challenges, and the role of the G20 and BRICS in shaping global economic governance. “This book provides a very timely and nuanced account of the challenges facing the established global order.” Andrew F. Cooper (Professor of Political Science at the University of Waterloo) “This valuable collection from a new generation of innovative scholars of global economic governance offers insights from a broad range of theoretical approaches to the central policy issues of the day” John Kirton (Director of the Global Governance Program, Munk School of Global Affairs, University of Toronto)

Leading specialists from Europe and Japan examine the institutional mechanisms of governance at the global level and provide concrete evidence of the role Japan plays in these institutions. An excellent introduction to the concept of global governance, the volume analyzes how global governance actually works through the global institutional mechanisms of governance. It provides an up-to-date and contemporary analysis of the six most important global institutions, namely: the Group of 7/8 the Organisation for Economic Cooperation and Development the World Bank the International Monetary Fund the World Trade Organization the United Nations. Written clearly and concisely, the book provides a thorough and accessible discussion on Japan’s role within these institutions and uses supporting case studies to ask whether Japan is reactively or proactively involved in trying to shape these institutions in order to promote its own interests. As such, it will be a valuable resource for undergraduates and scholars with an interest in global governance, Japanese politics and political economy.

This book analyzes the shifting global economic architecture, indicating the decentralizing authority in global economic governance since the Cold War and, especially, following the 2008-09 global financial crisis. The author examines recent adjustments to the organizational framework, contestation of policy principles, norms, and practices, and destabilizing actor hierarchies, particularly in global macroeconomic, trade, and development governance. The study's ‘analytical eclecticism’ includes a core constructivist IR approach, but also incorporates insights from several international relations theories as well as political and economic theory. The book develops a unique ‘analytical matrix’, which analyzes effects of strategic, political, and cognitive authority in the organizational, policy, and actor contexts of the global economic architecture. It concludes that, despite concerns about potential fragmentation, decentralizing authority has increased the integration of leading developing states and new actors in contemporary global economic governance.

A beautifully illustrated textbook of the history, theory and current state of international organizations which increasingly oversee aspects of international affairs and the world's transition to a new global order.. This new and timely textbook recounts the historical and theoretical development of the international system in a lively analysis o

In recent years, the role of global institutions such as the United Nations, World Trade Organization, International Monetary Fund and the World Bank has never been more important to the lives of individuals throughout the world. This edited book provides critical perspectives on the role of these institutions and how they use their policies, procedures and practices to manage global political, socio-economic, legal and environmental affairs. In contrast to previously published books on this subject, Global Governance is organized thematically rather than by institution. Each chapter examines core issues such as labour, finance, the environment, health, culture, gender, civil society, poverty and development. It should be essential reading for undergraduate students of international politics, international political economy and international economics.

Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system. This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes: Governance: What is governance in the international economic system? What forms does it take? How did it come about? How can we study it?; Functions of governance: What are the functions of global economic governance? Who performs them? What are the rules and mechanisms that make global governance possible? Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis? This book will: _ Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy; _ Illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform; _ Discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.