EconPapers    
Economics at your fingertips  
 

The G-20 and the World Economy

C. Fred Bergsten

World Economics, 2004, vol. 5, issue 3, 27-36

Abstract: ‘Globalisation’ is under attack throughout the world. However, no country has ever developed successfully without participating actively in the global economy. Countries and even whole regions that have failed to globalise, or which have ‘de-globalised’, have lagged. What is needed is more openness and better handling of the major issues of macroeconomic stability and growth. C. Fred Bergsten argues that the G-7, whose increasingly unrepresentative membership is eroding the political legitimacy that is essential to win international support and thus acceptance for many of its proposals, is increasingly unable to manage the world economy effectively. Instead, it is the wider and more representative G-20 that can best make a major contribution to global macroeconomic stability and growth, and it should gradually but steadily succeed the G-7 as the informal steering committee for the world economy.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=178 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:178

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().

 
Page updated 2021-08-22
Handle: RePEc:wej:wldecn:178