From Centralised to Decentralising Global Economic Architecture

From Centralised to Decentralising Global Economic Architecture PDF Author: Pradumna B. Rana
Publisher: Springer Nature
ISBN: 9811920419
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
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.

From Centralised to Decentralising Global Economic Architecture

From Centralised to Decentralising Global Economic Architecture PDF Author: Pradumna B. Rana
Publisher: Springer Nature
ISBN: 9811920419
Category : Business & Economics
Languages : en
Pages : 239

Get Book Here

Book Description
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 PDF Author: Masahiro Kawai
Publisher: Edward Elgar Publishing
ISBN: 1783472200
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
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

Non-Western Nations and the Liberal International Order

Non-Western Nations and the Liberal International Order PDF Author: Hiro Katsumata
Publisher: Taylor & Francis
ISBN: 1000867242
Category : Political Science
Languages : en
Pages : 164

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Book Description
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.

The Architecture of Government

The Architecture of Government PDF Author: Daniel Treisman
Publisher: Cambridge University Press
ISBN: 1139466496
Category : Political Science
Languages : en
Pages : 295

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Book Description
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.

Contemporary Macroeconomics

Contemporary Macroeconomics PDF Author: Vasilii Erokhin
Publisher: Springer Nature
ISBN: 9811995427
Category : Business & Economics
Languages : en
Pages : 945

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Book Description
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.

Ebook: Managerial Economics and Organizational Architecture

Ebook: Managerial Economics and Organizational Architecture PDF Author: Brickley
Publisher: McGraw Hill
ISBN: 0077175301
Category : Business & Economics
Languages : en
Pages : 836

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Book Description
Ebook: Managerial Economics and Organizational Architecture

The Political Economy of Regionalism, Trade, and Infrastructure

The Political Economy of Regionalism, Trade, and Infrastructure PDF Author: Hong Liu
Publisher: China's Belt and Road Initiati
ISBN: 9789811233142
Category : Business & Economics
Languages : en
Pages : 350

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Book Description
"The articles are timely, especially in view of the increasingly tense global/regional environment. The articles provide both a quantitative and qualitative angles to important questions facing our world; too many quantitative-oriented papers will not appeal to the broader audience while too many qualitative-oriented papers will not attract the attention of economists and data scientists. The articles are drawn from a diverse range of professions including academia, government, and the financial sector"--

Cryptocurrencies in the Global Economic and Financial System. Initial Coin Offerings as an Innovative Tool of Crowdfunding and Promotion

Cryptocurrencies in the Global Economic and Financial System. Initial Coin Offerings as an Innovative Tool of Crowdfunding and Promotion PDF Author: Wawrzyniec Michalczyk
Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
ISBN: 8376958445
Category : Business & Economics
Languages : en
Pages : 176

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Book Description
The monograph’s subject matter centres on cryptocurrencies, an instrument which aspires to be a modern form of money, and on its place in the world economy, payments systems and financial markets. Special attention is paid to the principles of their usage in Initial Coin Offerings (ICOs), one of the most important areas of their application. The aim of the work is the identification of the economic essence of cryptocurrencies. This includes their functions in settlement systems and as financial instruments, an indication of their role in crowdfunding, as well as the characterisation of the mechanism of the ICO and its core rules. The ICO market is becoming more and more popular among investors and companies seeking to increase or raise capital. The analysis of the cases included in the book shows the importance of a well-prepared white paper, the primary document which contains all the information linked with the project.

Decentralization and Governance Capacity

Decentralization and Governance Capacity PDF Author: Evrim Tan
Publisher: Springer
ISBN: 3030020479
Category : Political Science
Languages : en
Pages : 278

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Book Description
It is widely assumed that the relationship between governance capacity and decentralization determines the success in governance, but how does this relationship function is largely contested. Does decentralization lead to an improvement in governance capacities, or are certain capacities preconditioned in order for decentralization to lead better governance? Relying on an empirical study of Turkish provincial municipalities, the book argues success in decentralization is strongly influenced by the socioeconomic conditions in the province and to a lesser extent by the local government’s capacity. The book provides a novel approach to capacity building practices and decentralization reforms by suggesting that the relationship between decentralization and governance capacity should be addressed not only on the organizational but also on the developmental level. In this way, the book proposes asymmetrical decentralization according to socio-economic development at subnational level for better governance outcomes.

Blockchain and Public Law

Blockchain and Public Law PDF Author: Pollicino, Oreste
Publisher: Edward Elgar Publishing
ISBN: 1839100796
Category : Law
Languages : en
Pages : 257

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Book Description
This important and topical book provides a comprehensive overview of the challenges raised by blockchain from the perspective of public law. It considers the ways in which traditional categories of public law such as sovereignty, citizenship and territory are shaped, as well as the impact of blockchain technology on fundamental rights and democratic values.