1st Edition
Governing Global Finance New Challenges, G7 and IMF Contributions
This title was first published in 2002: As the twenty-first century began, it was easy to assume that the reforms to the international financial system undertaken in the last half of the 1990s were adequate to the core tasks of ensuring stability, sustained growth and broadly shared benefits in the world economy. That comfortable consensus has now been shattered. This volume critically assesses fundamental issues including: -the elements and adequacy of recent G7-led efforts at international financial reform -current causes of and prospects for growth in the new global economy -the challenges of crisis prevention -private sector participation and IFI responsibilities -the world’s monetary supply and sovereignty in the face of market forces. These key topics are examined by leading economists and scholars of political economy from both academic and policy communities in G7 countries, making it an essential addition to the collections of all those concerned with the challenges facing the world economy in the coming years.
Biography
Michele Fratianni, Paolo Savona
’Comprehensive, authoritative and up-to-the-minute, Governing Global Finance is THE source for penetrating analysis of the G7...’ Timothy Sinclair, University of Warwick, UK ’This timely and topical volume combines clear surveys of the terrain upon which international monetary and financial policies are now being contested with thoughtful analyses of key dilemmas confronting the world’s leading policy makers. The result is a valuable resource for teaching and a very useful reference work for future researchers.’ Louis W. Pauly, Centre for International Studies, University of Toronto, Canada ’Do we really need yet another book on global finance? The answer with respect to Governing Global Finance is a resounding yes. The latest addition to the G8 and Global Governance Series provides a valuable contribution both to the Series’ valuable ongoing oversight of the G8 Summits and to many of the crucial issues currently facing the global economy. It contains contributions by a distinguished set of experts whose soft hearts are combined with hard headed analysis of the financial challengers facing the developing world as well as the members of the G8. Particularly valuable is the thoughtful blending of political and economic analysis, a combination that is still all too rare.’ Professor Thomas D. Willett, Claremont College, USA and former Deputy Assistant Secretary of the US Treasury for International Affairs ’...the book has a range of fresh thinking that the G8 could benefit from, especially on dealing with financial crises.’ Literary Review of Canada ’...a useful survey of current international economic policy and challenges.’ Choice '...it constitutes an interesting analysis of the difficulties that must now be faced by the international community.' Etudes internationales 'Overall the collection highlights perennial conundrums and problems in global economic governance and the apucity of existing institutional solutions - stimulat
