- Edited by Andreas Freytag, Friedrich-Schiller-Universitat Jena, Germany, John J. Kirton, University of Toronto, Canada, Razeen Sally, London School of Economics and Political Science, UK and Paolo Savona, University of Rome Guglielmo Marconi, Italy
- Series : Global Finance
Securing the Global Economy explores how and why the G8 and other institutions of global governance deal with increasingly comprehensive and complex economic-security connections. These connections are explored from an interdisciplinary perspective, with economists, political scientists and those in the policy world bringing their insights to bear. Moreover, this volume explores this economic-security connection from a constitutional or institutional perspective. In a classical liberal spirit, it is concerned with the organizing principles of a liberal international economic order and the framework of rules that enables it to survive and flourish. Security issues, national trade policies, the multilateral trade system and the detailed technical issues they subsume are analysed from this higher vantage point. This is thus a work about global governance as a whole and at its core, rather than a problem-solving manual for a few of the issues now at centre stage. Furthermore, it applies this larger vision to the current G8 and global economic-security agenda to generate a set of policy recommendations about how the global community, through and outside the G8, can better cope with the complex interconnected challenges it now confronts. Its innovative policy recommendations are especially timely when the recent global financial crisis, economic recession and fragile recovery place great strains on the liberal economic order, while new challenges from Iran, ongoing terrorist threats and corruption make this security-economic connection critically important.
Contents: Preface; Part I Introduction: Securing the global economy through the G8, Andreas Freytag, John J. Kirton, Razeen Sally and Paolo Savona. Part II Economics: Multilateral rule-based trade and exchange rate regimes, Chiara Oldani and Paolo Savona; Escape clauses and social conditions as threats to the World Trade Organization, Rolf J. Langhammer. Part III Development: Integrating developing countries into the global economy: the role of the G8 and global governance, Razeen Sally; Multinational enterprises from emerging markets, Alan Rugman; Debt relief for developing countries, Andreas Freytag and Gernot Pehnelt; The political economy of China's aid policy in Africa, Gernot Pehnelt. Part IV Security: Globalization and violence, Ronald Wintrobe; Changing conceptions of security and the G8, Manuel Fröhlich; G8 sanctioning success, John J. Kirton. Part V G8 Governance and Beyond: The G8's St Petersburg summit achievements and legacy, Victoria Panova; Growth and responsibility: the leitmotif for Germany's 2007 G8 presidency, Berend Diekmann; Reversal of roles: Canada, Germany and G8 reform 2007–2010, Andrew F. Cooper; Index.
About the Editor: Andreas Freytag, Friedrich-Schiller-Universitat Jena, Germany, John J. Kirton, University of Toronto, Canada, Razeen Sally, London School of Economics and Political Science, UK and Paolo Savona, University of Rome Guglielmo Marconi , Italy
Reviews: '…provides a fascinating and detailed overview of the policy measures necessary to secure the global economy and to install a global governance for a post crisis world. It includes highly valuable insights into the areas of economics, development, security and governance for those who are interested in Global Economy (Policy Issues). The book is highly recommended.'
Friedrich Schneider, Johannes Kepler University of Linz, Austria
'This timely book reminds us that, notwithstanding the G20’s self-declared centrality in the global economic governance architecture, the G8 remains an essential caucus group. That is because, amongst all the "Gs" in global governance, the G8 uniquely straddles the worlds of security and economics which, as the book cogently reminds us, are intertwined in complex ways.'
Peter Draper, South African Institute of International Affairs
'In the post-Lehman world, politicians and other movers and shapers of our planet are still struggling to regain firm ground. This book serves as a guide for a rational global governance, both combining the needs for strong security-rules and the advantages of market-based solutions. A must-read for all those dealing with governance issues.'
Thomas Ilka, DIHK, Brussels Office
'This collective book has succeeded in mobilizing many talented scholars on a wide diversity of topics – from economic to security and governance issues – around a key issue of our times: the tension between domestic and international action. This tour-de-force makes this book a rich source of thought-provoking analyses for a wide range of readers.'
Patrick Messerlin, Groupe d’Economie Mondiale at Sciences Po, France
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