From Centralised to Decentralising Global Economic Architecture

From Centralised to Decentralising Global Economic Architecture
Author: Pradumna B. Rana
Publisher: Springer Nature
Total Pages: 239
Release: 2022-10-01
Genre: Business & Economics
ISBN: 9811920419

This book focuses on the recent rise of new regional economic institutions such as the Chiang Mai Initiative Multilateralisation, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Partnership, which were established, in part, as a result of dissatisfaction of dynamic emerging markets with global economic institutions such as the IMF, the World Bank, and the GATT/WTO. The latter were formed by advanced economies in the West, after the historic Bretton Wood Conference of 1944. In doing so, the book addresses how this recent round of decentralisation, defined as the co-existence of “senior” global institutions and a plethora of newly-established regional institutions, has affected global economic governance, and the delivery of global public goods. It also poses the question if this has led to the fragmentation of global economic governance. The book adds value to existing literature by using a benefit-risk analytical framework to study the decentralisation process. Unlike the “contested multilateralism” argument used by some authors which focuses on the costs of decentralisation, the authors argue that benefits must also be considered. It also describes and analyses the establishment of global and regional international economic institutions and the evolving relationships between the two. Third, the authors argue that this decentralisation process will continue in the postpandemic period and recommend policies to reset the relationship between global and regional institutions. And lastly, the book discusses proposals to reform the international monetary system including the global reserve system with a view to reducing the hegemony of the US dollar. Throughout the book, the role for Asia is also identified, and elaborated on.

New Global Economic Architecture

New Global Economic Architecture
Author: Masahiro Kawai
Publisher: Edward Elgar Publishing
Total Pages: 275
Release: 2014-11-28
Genre: Business & Economics
ISBN: 1783472200

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 macroecon

The Architecture of Government

The Architecture of Government
Author: Daniel Treisman
Publisher: Cambridge University Press
Total Pages: 295
Release: 2007-07-02
Genre: Political Science
ISBN: 1139466496

Since the days of Montesquieu and Jefferson, political decentralization has been seen as a force for better government and economic performance. It is thought to bring government 'closer to the people', nurture civic virtue, protect liberty, exploit local information, stimulate policy innovation, and alleviate ethnic tensions. Inspired by such arguments, and generously funded by the major development agencies, countries across the globe have been racing to devolve power to local governments. This book re-examines the arguments that underlie the modern faith in decentralization. Using logical analysis and formal modeling, and appealing to numerous examples, it shows that most are based on vague intuitions or partial views that do not withstand scrutiny. A review of empirical studies of decentralization finds these as inconclusive and mutually contradictory as the theories they set out to test.

Non-Western Nations and the Liberal International Order

Non-Western Nations and the Liberal International Order
Author: Hiro Katsumata
Publisher: Taylor & Francis
Total Pages: 164
Release: 2023-05-30
Genre: Political Science
ISBN: 1000867242

Given the increasing presence of non-Western nations in global affairs, Hiro Katsumata and Hiroki Kusano explore their responses to the backlash taking place in the West against the global spread of liberalism – against the global spread of free trade, multilateral institutions, and liberal-democratic politics. Katsumata and Kusano concentrate on the cases of Egypt, Brazil, Japan, ASEAN members, Russia, and China. Mounted by these non-Western nations are three kinds of responses: illiberal bandwagoning, counter-backlash, and thirdway charting. Each of these responses inevitably has significant consequences for the fate of the existing liberal international order established and sustained by the Western countries in the post-war era, either accelerating the collapse of this order by causing additional damage to it, or putting the brakes on its collapse by giving support to it. An invaluable resource for scholars in International Relations and Comparative Politics.

Global Shocks and the New Global and Regional Financial Architecture

Global Shocks and the New Global and Regional Financial Architecture
Author: Naoyuki Yoshino
Publisher:
Total Pages: 0
Release: 2018
Genre: Business & Economics
ISBN: 9784899740698

Asian economies continue to be subject to new shocks: US monetary policy tightening, the adoption of negative-interest-rate policies by central banks all over the world, the slowdown of the People's Republic of China, and the sharp drop in oil and other commodity prices. All these highlight the vulnerability of the region to volatile trade and capital flows even as the global and Asian regional financial architecture evolves. This volume analyzes the vulnerabilities of Asian economies to external economic and financial shocks and assesses the performance of Asian regional institutions in financial surveillance and cooperation. It also evaluates ongoing reforms of the global financial architecture, including the International Monetary Fund (IMF), the Financial Stability Board, and reviews the experience of the "Troika" (European Commission, European Central Bank, and the IMF) in managing the European sovereign debt and banking crisis. Based on these, the book develops valuable recommendations to strengthen the Asian regional financial architecture and improve cooperation with global multilateral institutions.

Contemporary Macroeconomics

Contemporary Macroeconomics
Author: Vasilii Erokhin
Publisher: Springer Nature
Total Pages: 945
Release: 2023-07-01
Genre: Business & Economics
ISBN: 9811995427

This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth. The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.

Handbook of Research on Global Information Technology Management in the Digital Economy

Handbook of Research on Global Information Technology Management in the Digital Economy
Author: Raisinghani, Mahesh S.
Publisher: IGI Global
Total Pages: 588
Release: 2008-01-31
Genre: Computers
ISBN: 1599048760

Includes the most important issues, concepts, trends and technologies in the field of global information technology management, covering topics such as the technical platform for global IS applications, information systems projects spanning cultures, managing information technology in corporations, and global information technology systems and socioeconomic development in developing countries.

Mega-regionalism and Great Power Geo-economic Competition

Mega-regionalism and Great Power Geo-economic Competition
Author: Xianbai Ji
Publisher: Routledge
Total Pages: 204
Release: 2021-09-22
Genre: Political Science
ISBN: 1000454975

The regional trade governance architecture is in flux. The latest wave of regionalism in the form of mega-regional trade partnerships between countries with major shares of the world economy occurred in the aftermath of the Global Financial Crisis of 2008-09. The most systematically important mega-FTAs included the Trans-Pacific Partnership led by the United States (US), the China-backed Regional Comprehensive Economic Partnership, and the Transatlantic Trade and Investment Partnership between the European Union (EU) and the US. Drawing on policy diffusion and competitive regionalism literatures, Xianbai Ji develops an innovative model of competitive spill-over to uncover the historical and contemporary sources of mega-regionalism resulting from a temporal clustering of mega-FTA initiatives from great powers. In the book, mega-FTA is conceptualised as an instrument of geo-economic competition between the US, China, and the EU. Each aspired to leverage its mega-FTA to gain an edge over its rivals in economic, geopolitical, and legal terms. Through a mix-method research strategy involving computable general equilibrium modelling, game theory, desk research, and perception survey, Ji generates an impressive chorus of quantitative, qualitative, and perceptual data demonstrating that the rise of mega-regionalism was driven by the multidimensional competition between the US, China, and the EU over international economic benefits, geopolitical influence, and the authority to write rules governing emerging trade issues. This book will attract academics, think tankers, practitioners, and postgraduate students interested in regionalism, international trade, international political economy, applied trade policy analysis, great power competition, geo-economics, and international relations.

Decentralization

Decentralization
Author: Craig Calcaterra
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 304
Release: 2021-03-08
Genre: Business & Economics
ISBN: 3110674033

Entrepreneurs as well as seasoned business leaders are struggling to innovate and stay ahead of change in the age of decentralization. What separates the companies that get disrupted from the ones that thrive when faced with decentralization? What tactics can be deployed to decentralize large monolithic organizations? Drawing on their experience as researchers and tech entrepreneurs, Professors Calcaterra and Kaal show how to Learn to embrace the change that comes with decentralization Evolve technology, communication, and culture as the business encounters decentralization Use best practices to maintain profitability in the emerging environments of decentralization across industries Combine responsibility with velocity to leverage the advantages of decentralization for the common good The book examines the core infrastructure elements that are needed before the first genuinely decentralized transaction can happen including a legal environment, underwriting, a truly decentralized blockchain that can overcome the blockchain trilemma (decentralization, scaling, security), and efficient governance of blockchains. Decentralization is essential reading for businesses seeking to win in an increasingly decentralized world where adaptation speed is the competitive advantage that matters most.

The Shifting Global Economic Architecture

The Shifting Global Economic Architecture
Author: Jonathan Luckhurst
Publisher: Springer
Total Pages: 314
Release: 2017-10-05
Genre: Political Science
ISBN: 3319631578

This book analyzes the shifting global economic architecture, indicating the decentralizing authority in global economic governance since the Cold War and, especially, following the 2008-09 global financial crisis. The author examines recent adjustments to the organizational framework, contestation of policy principles, norms, and practices, and destabilizing actor hierarchies, particularly in global macroeconomic, trade, and development governance. The study's ‘analytical eclecticism’ includes a core constructivist IR approach, but also incorporates insights from several international relations theories as well as political and economic theory. The book develops a unique ‘analytical matrix’, which analyzes effects of strategic, political, and cognitive authority in the organizational, policy, and actor contexts of the global economic architecture. It concludes that, despite concerns about potential fragmentation, decentralizing authority has increased the integration of leading developing states and new actors in contemporary global economic governance.