Global Economic Governance" offers an in-depth exploration into the world's leading intergovernmental economic forums - the G-7, G-8, and G-20. These entities, consisting of the world's major advanced and emerging economies, play a crucial role in international economic policy coordination, ensuring that the global economy functions smoothly and fairly in an era of increasing interconnectivity.
Key chapters and themes of the book include:
Historical Overview: Charting the inception and evolution of these groups, tracing their origins from informal meetings to pivotal global economic forums.
Members and Mandates: An analysis of the membership criteria of each forum, and an exploration of their respective missions and objectives.
Economic Policymaking: Insight into the process of how these groups develop economic policies, from discussions to declarations.
Crisis Management: A deep dive into how these forums have responded to global economic crises, from the oil shocks of the 1970s to the financial meltdown of 2008.
Beyond Economics: Exploration of the growing remits of these groups, touching on issues beyond traditional economic governance, such as climate change and global health.
Critiques and Controversies: A balanced examination of criticisms levelled against these forums, from concerns over representation to their effectiveness in policy implementation.
The Future of Global Economic Governance: Speculation on the evolving role of the G-7, G-8, and G-20 in a rapidly changing global economic landscape, considering factors like emerging economies, digital currencies, and shifting geopolitical dynamics.
"Global Economic Governance" offers readers a panoramic view of the inner workings, achievements, and challenges of these critical international economic entities. Through detailed analysis, expert testimonies, and case studies, the book demystifies the complex realm of global economic policymaking, making it a must-read for policymakers, economists, students, and anyone interested in the future of global economics.