New Global Economic Architecture

Edited by Masahiro Kawai (), Peter Morgan and Pradumna B. Rana

in Books from Edward Elgar Publishing

Abstract: The global financial crisis of 2007-2009 exposed flaws and shortcomings in the global economic architecture, and has sparked an international debate about possible remedies for them. The postwar global architecture was essentially guided by the major developed economies, and was centered around the IMF, the GATT – the predecessor of the WTO – and the World Bank. Today, however, the balance of economic and financial power is shifting toward the emerging economies, especially those in Asia, and both global governance and economic policy thinking are beginning to reflect this shift. This book addresses the important question of how a regional architecture, particularly one in Asia, can induce a supply of regional public goods that can complement and strengthen the global public goods supplied through the global architecture. These public goods include institutions to help maintain financial stability, support more open trading regimes and promote sustainable economic development.

Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
JEL-codes: G0 (search for similar items in EconPapers)
Date: 2014
ISBN: 9781783472192
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Chapters in this book:

Ch 1 Asian perspectives on the evolving global architecture , pp 1-10

Masahiro Kawai, Peter Morgan and Pradumna B. Rana

Ch 2 From a centralized to a decentralized global economic architecture: an overview , pp 11-26

Pradumna B. Rana

Ch 3 The Group of Twenty: input and output legitimacy, reforms and agenda , pp 27-54

Andrew F. Cooper

Ch 4 Enhancing the effectiveness of CMIM and AMRO: challenges and tasks , pp 55-82

Reza Siregar and Akkharaphol Chabchitrchaidol

Ch 5 Financial safety nets in Asia: genesis, evolution, adequacy and way forward , pp 83-111

Hal Hill and Jayant Menon

Ch 6 Regional financial regulation in Asia , pp 112-147

Masahiro Kawai and Peter Morgan

Ch 7 Evolving trade policy architecture and FTAs in Asia , pp 148-171

Masahiro Kawai and Ganeshan Wignaraja

Ch 8 The emerging “post-Doha” agenda and the new regionalism , pp 172-196

Michael Plummer

Ch 9 The World Bank and the Asian Development Bank: should Asia have both? , pp 197-214

Vikram Nehru

Ch 10 World Bank, Inter-American Development Bank, and subregional development banks in Latin America: dynamics of a system of multilateral development banks , pp 215-248

Fernando Prada

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