Del 0 - ADBI series on Asian Economic Integration and Cooperation

New Global Economic Architecture

The Asian Perspective

Inbunden, Engelska, 2014

AvMasahiro Kawai,Peter J. Morgan,Pradumna B. Rana

2 519 kr

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The traumatic experiences of the first half of the twentieth century helped shape the postwar global architecture, which saw the creation of the IMF, the GATT, and the World Bank. Today, this economic architecture is ill-fitted to the global economy. The balance of financial power has moved towards the emerging economies, especially those in Asia, a shift which is not sufficiently reflected in the governance of these institutions.New Global Economic Architecture addresses how a regional architecture, particularly in Asia, can induce a supply of regional public goods that strengthens the global public goods supplied through the global architecture, to promote sustainable economic development. The global network is moving towards a decentralized system with global, regional, and national institutions, and the book presents a comparison of the pace of reforms in various institutions and the identification of the reform agenda from an Asian perspective. It provides suggestions for strengthening regional institutions in Asia so they may better provide regional public goods. The evolution of institutions and policies that comprise the international monetary, financial, trade and development architecture is considered since their establishment after the Bretton Woods conference of 1944.Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroeconomics, development economics, international trade, and finance at both undergraduate and graduate levels.Contributors: A. Chabchitrchaidol, A.F. Cooper, H. Hill, M. Kawai, J. Menon, P.J. Morgan, V. Nehru, M.G. Plummer, F. Prada, P.B. Rana, R. Siregar, G. Wignaraja

Produktinformation

Utgivningsdatum2014-11-28
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
SerieADBI series on Asian Economic Integration and Cooperation
FörlagEdward Elgar Publishing Ltd
ISBN9781783472192

Tillhör följande kategorier

Internationell ekonomi inom Ekonomi och Ledarskap

Contents:Preface1. Asian Perspectives on the Evolving Global ArchitectureMasahiro Kawai, Peter J. Morgan and Pradumna B. Rana2. From a Centralized to a Decentralized Global Economic Architecture: An OverviewPradumna B. Rana3. The Group of Twenty: Input and Output Legitimacy, Reforms and Agenda Andrew F. Cooper 4. Enhancing the Effectiveness of CMIM and AMRO: Challenges and TasksReza Siregar and Akkharaphol Chabchitrchaidol5. Financial Safety Nets in Asia: Genesis, Evolution, Adequacy and Way Forward Hal Hill and Jayant Menon 6. Regional Financial Regulation in AsiaMasahiro Kawai and Peter J. Morgan 7. Evolving Trade Policy Architecture and FTAs in AsiaMasahiro Kawai and Ganeshan Wignaraja8. The Emerging “Post-Doha” Agenda and the New Regionalism in the Asia-PacificMichael G. Plummer9. The World Bank and the Asian Development Bank: Should Asia Have Both?Vikram Nehru10. World Bank, Inter-American Development Bank, and Subregional Development Banks in Latin America: Dynamics of a System of Multilateral Development BanksFernando Prada Index

'The spectacular rise in Asian economies has reshuffled the distribution of world economic power, while the Global Financial Crisis brought it to the fore. The global economic and financial architecture, inherited from World War II, has not responded to such changes. Focusing mainly on financial and partly on trade issues, this book provides a welcome perspective from seasoned Asia experts on the prospective benefits of a new, more decentralized and regionalized architecture. It will be a timely read, coinciding with the launching of the BRICS Development Bank.'--Eric Girardin, Aix-Marseille School of Economics, France; former member of the Asian Development Bank Institute Advisory Council'This edited volume makes a distinctive contribution to the literature on financial crises.'--Linda Low, Journal of Southeast Asian Economies