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The G20 as a new player in the economic and political arena

Author: Juliane Hanke

Publisher: GRIN Verlag

Published: 2019-11-07

Total Pages: 25

ISBN-13: 3346053083

Seminar paper from the year 2014 in the subject Economics - Finance, grade: 1,3, University of Applied Sciences Mainz, language: English, abstract: At the beginning of this seminar paper, a background of the G20 with a brief historical and technical explanation of the group will be given followed by a chapter on the emergence of the group several years after its formation. The groups’ distinctive summit diplomacy will be explained before examining more closely the G20 agenda and its topics and outcomes. A critical reflection on the G20 will subsequently be expounded before giving a conclusion on the principal results. In the wake of the financial crisis in 2008, the G20 has developed to a primary multilateral forum. The G20 comprising developing, emerging and developed member countries is reflecting the new dynamics in global politics. The constellation of membership gives the G20 a greater representativeness than other groups and organizations. Filling the governance gap during the financial crisis, the group has proven itself as successfully acting as crisis committee when managing the global financial and economic crisis. Integral characteristics of its working framework are the “summit diplomacy” and the agenda politic. Its summits as part of a new diplomacy aim to reach a consensus within an informal forum instead of forcing a binding agreement in a formal forum . The G20 agenda has broadened over the years of its existence. From focusing on financial regulation in the course of the financial crisis, the group widened its agenda ranging from economic growth, trade to climate change. The transformation process of turning from a crisis committee into a permanent steering committee has revealed several issues and critics the G20 has to confront with.

Europe, Canada and the Comprehensive Economic and Trade Agreement

Author: Kurt Hübner

Publisher: Routledge

Published: 2011-04-01

Total Pages: 328

ISBN-13: 1136741305

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The Great Recession and the turn towards all forms of protectionism stress the relevance of international trade policy. With the global economy undergoing deep structural changes, the negotiations between Canada and the EU on a Comprehensive Economic and Trade Agreement (CETA) present a real-time experiment that sheds light on the direction that the relationships between two economic units of the G8 will take. For Canada, an agreement with the EU would end its current dependency on the US; for the EU, an agreement with Canada would be a first with a G8-economy and indicate how its new trade strategy ‘Global Europe’ will look like. This book is the first to simultaneously analyze the undercurrents of this project and introduce the main topics at hand. CETA is much more than a simple free trade agreement, its breadth covers regulatory aspects in goods, services, and finance; the opening of public procurement markets; attitudes and policies of Canadian provinces towards liberalization; climate policies and international leadership claims of the EU in comparison to Canadian policy attempts; the challenges of the Euro project and the reform efforts; and the challenges of the Euro as a international reserve currency. CETA is a challenging project that will kick-start enormous changes in trade policy-making as well as in market openness in Canada. It will mark the EU’s efforts to re-make the Atlantic Economy. This book provides deep insights into the ambiguity of the project and addresses the implications of a rapidly changing global economy for trade policy. Offering analysis of the financial industry, banking, trade policy, climate change strategy, and the Euro exchange rate, this book should be of interest to students and policy-makers alike.

Global Trends 2030

Author: National Intelligence Council

Publisher: Cosimo Reports

Published: 2018-02-07

Total Pages: 0

ISBN-13: 9781646797721

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This important report, Global Trends 2030-Alternative Worlds, released in 2012 by the U.S. National Intelligence Council, describes megatrends and potential game changers for the next decades. Among the megatrends, it analyzes: - increased individual empowerment - the diffusion of power among states and the ascent of a networked multi-polar world - a world's population growing to 8.3 billion people, of which sixty percent will live in urbanized areas, and surging cross-border migration - expanding demand for food, water, and energy It furthermore describes potential game changers, including: - a global economy that could thrive or collapse - increased global insecurity due to regional instability in the Middle East and South Asia - new technologies that could solve the problems caused by the megatrends - the possibility, but by no means the certainty, that the U.S. with new partners will reinvent the international system Students of trends, forward-looking entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades will find this essential reading.

Plutopolitocracy

Author: Frederick M. Tampoe

Publisher: Troubador Publishing Ltd

Published: 2009

Total Pages: 261

ISBN-13: 184876183X

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The credit crunch has focused people’s attention to the fact that Democracy is not working as it was intended to – as a governance system that institutionalises power sharing between a country’s government and its people.The ‘people’ are being increasingly marginalised by career politicians and businessmen and women who have combined forces to create a plutopolitocracy that uses the power of the state to further their personal ambitions.Here, Dr Frederick M Tampoe traces how this change came about. He describes the rise of the plutopolitocracy, the huge influence that money and celebrity is playing in democratic politics and how, through its use, businesses are increasingly dominating political agendas. He looks at the major role played by the nations that are the strongest advocates of democracy and how they have succumbed to the temptation to manipulate national and global political systems and institutions to advance narrow political agendas, individual careers and the business interests of their sponsors in ‘big’ business. And he explores how the imposition of free market thinking on struggling nations has enriched global big business in developed nations at the cost of other nations and their people. Finally, he examines how the reassertion of human worth, integrity in public and business life, and a more neighbourly society with a reassertion of moral and ethical values would help the ‘demos’ reverse the current drift towards a world that is dominated by the plutopolitocracy.

Steering the Metropolis

Author: Inter American Development Bank

Publisher: Inter-American Development Bank

Published: 2017-10-24

Total Pages: 458

ISBN-13: 1597823112

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A distinctive feature of urbanization in the last 50 years is the expansion of urban populations and built development well beyond what was earlier conceived as the city limit, resulting in metropolitan areas. This is challenging the relevance of traditional municipal boundaries, and by extension, traditional governing structures and institutions. "Steering the Metropolis: Metropolitan Governance for Sustainable Urban Development,” encompasses the reflections of thought and practice leaders on the underlying premises for governing metropolitan space, sectoral adaptations of those premises, and dynamic applications in a wide variety of contexts. Those reflections are structured into three sections. Section 1 discusses the conceptual underpinnings of metropolitan governance, analyzing why political, technical, and administrative arrangements at this level of government are needed. Section 2 deepens the discussion by addressing specific sectoral themes of mobility, land use planning, environmental management, and economic production, as well as crosscutting topics of metropolitan governance finance, and monitoring and evaluation. Section 3 tests the concepts and their sectoral adaptations against the practice, with cases from Africa, America, Asia, and Europe.

Handbook on the International Political Economy of China

Author: Ka Zeng

Publisher: Edward Elgar Publishing

Published: 2019

Total Pages: 480

ISBN-13: 1786435063

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This book examines the processes, evolution and consequences of China’s rapid integration into the global economy. Through analyses of Beijing’s international economic engagement in areas such as trade, investment, finance, sustainable development and global economic governance, it highlights the forces shaping China’s increasingly prominent role in the global economic arena. Chapters explore China’s behavior in global economic governance, the interests and motivations underlying China’s international economic initiatives and the influence of politics, including both domestic politics and foreign relations, on the country’s global economic footprint.

From Washington to St. Petersburg

Author: Marek Rewizorski

Publisher: Logos Verlag Berlin GmbH

Published: 2014

Total Pages: 176

ISBN-13: 3832537996

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In the contemporary world, we can see the increasing risk of crises. In the second half of the first decade of the 21st century the most serious consequences were caused by the economic and financial crisis, the eruption of which in 2007 shattered the foundations of the global economy and revealed the need to include the emerging powers within the framework of global economic governance. One of the centres of a global network structure being the forum for a dialogue between states and non-state entities in the sphere of global governance is the group of twenty (G20). This book is devoted to the analysis of functioning of the G20 at the leaders' level as a relatively new international cooperation club existing since 2008 where top-level representatives of systemically significant countries meet, authorised to make decisions which are of key importance for the international community. The book is divided in two parts. The first part shows the origin, course and meaning of specific historical/political processes which led to the emergence of G20 Leaders'. Also, cause and effect relationships have been indicated and conclusions drawn with regard to the significance and further functioning of the group. Part two is the analysis of preparation, course and effects of subsequent G20 summits in the years 2008-2013.

Handbook of the International Political Economy of Monetary Relations

Author: Thomas Oatley

Publisher: Edward Elgar Publishing

Published: 2014-06-27

Total Pages: 507

ISBN-13: 0857938371

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This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t

Spreading Protest

Author: Donatella della Porta

Publisher: ECPR Press

Published: 2014-08-15

Total Pages: 324

ISBN-13: 1910259209

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Which elements do the Arab Spring, the Indignados and Occupy Wall Street have in common? How do they differ? What do they share with social movements of the past? This book discusses the recent wave of global mobilisations from an unusual angle, explaining what aspects of protests spread from one country to another, how this happened, and why diffusion occurred in certain contexts but not in others. In doing this, the book casts light on the more general mechanisms of protest diffusion in contemporary societies, explaining how mobilisations travel from one country to another and, also, from past to present times. Bridging different fields of the social sciences, and covering a broad range of empirical cases, this book develops new theoretical perspectives.

The BRICS and Beyond

Author: Li Xing

Publisher: Routledge

Published: 2016-03-16

Total Pages: 238

ISBN-13: 1317039998

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The world is in an era of great transformations. Globalization, transnational capitalism, September 11, the 2008 global financial crises, and the emergence of the ’second world’ in general and the BRICS in particular are characterized by a diffusion of power away from the traditional North Western powers and towards the global South. Such great transformations have reshaped the terrain and parameters of social, economic and political relations both at the national and the global levels and have exerted pressure on the exiting international order in terms of both opportunities and constraints. This new era also urges the need for re-conceptualizing the changing world order especially with regard to one of the core conceptual categories and analytical apparatus in the studies of IR and IPE - hegemony. The world will witness a new era of interdependent hegemony, in which both the existing ’First World’ and the emerging ’Second World’ are intertwined in a constant process of shaping and reshaping the international order in the nexus of national interest, regional orientation, common economic and political agenda, political alliance and potential conflicts. This collection juxtaposes, from different perspectives and approaches, the discussion on the political economy of the emerging world order with a focus on the rising powers.