Advertisement

G20 Since the Global Crisis

  • Jonathan Luckhurst

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Jonathan Luckhurst
    Pages 1-21
  3. Jonathan Luckhurst
    Pages 23-61
  4. Jonathan Luckhurst
    Pages 63-100
  5. Jonathan Luckhurst
    Pages 101-140
  6. Jonathan Luckhurst
    Pages 141-180
  7. Jonathan Luckhurst
    Pages 181-213
  8. Back Matter
    Pages 279-300

About this book

Introduction

This book analyzes the Group of Twenty (G20) since the 2008 financial crisis. The latter event undermined conventional wisdom and governance norms, constituting a more contested international economic regime. G20 leaders sought a cooperative response to the 2008 crisis through the forum, aware of their interdependence and the growing economic importance of key developing states. They agreed new norms of financial governance based on macroprudential regulation, the Basel III Accords, and enhanced multilateral cooperation. They prioritized G20 cooperation for achieving international economic stability and growth. Differences exist over causes and effects of the crisis, including on the merits of economic austerity or fiscal stimulus strategies; on responsibility for and solutions to international economic imbalances; and concerns about monetary policies and “currency wars”. Despite claims from skeptics that G20 cooperation is declining, this book argues its importance for international relations and as a hub of global governance networks.

Keywords

G20 Global Financial Crisis (GFC) Global Governance Interdependence intergovernmental multilateral networks economy

Authors and affiliations

  • Jonathan Luckhurst
    • 1
  1. 1.Universidad de GuadalajaraGuadalajaraMexico

Bibliographic information

Industry Sectors
Finance, Business & Banking