This book covers key aspects of the governance of the world economy, from the structures of capitalism to regional economic integration through the trading and production systems. International economic governance was already in crisis well before the pandemic, and talk of the crisis of multilateralism and of the postwar Bretton Woods arrangements had become commonplace. The pandemic, with its economic, political, and international reverberations, has only widened and deepened that crisis, which has now taken the form of a new cold war on China, and made the search for solutions more urgent. In this context, the chapters in this volume contribute to a deeper understanding of how international economic governance and the world economy have been changing over the long run, and provide insights into the new forms they are taking at the macro and micro levels. The book covers the crisis of capitalism revealed by the pandemic, particularly when contrasted with socialist countries, initiatives of regional economic integration that challenge, rather than being subordinated by, western powers, including the US, the evolution of the trade regime in ways that make contemporary trade wars intelligible, and the shakeup of the international production system. The chapters in this book were originally published as a special issue of The Japanese Political Economy.

Multipolar governance permits a number of important states to have significantly more economic and political clout than others, but among them there is hardly any hierarchy. The new energy challenge, with its intricate socio-economic, ecological and international-political considerations, is a multi-dimensional, multi-level and multi-actor issue that requires a minimum of 'central' political steering, because neither the invisible hand of the market, nor unilateral or bilateral power politics are capable to bring about sustainable solutions. Global Energy Governance in a Multipolar World investigates the relationship between the emergence of a multipolar world order and the enormous challenges of global energy governance that the world is facing in the 21st century. It reflects on fundamental questions such as how the main consuming countries can avoid conflict over scarce resources, how they will cooperate to bring about open energy markets, energy conservation and efficiency, and how they can promote renewable energy sources.

Land grabbing per se is not a new phenomenon, given its historical precedents in the eras of imperialism. However, the character, scale, pace, orientation and key drivers of the recent wave of land grabs is a distinct historical event closely tied to the changing dynamics of the global agri-food, feed and fuel complex. Land grabbing is facilitated by ever greater flows of capital, goods, and ideas across borders, and these flows occur through axes of power that are far more polycentric than the North-South imperialist tradition. Land grabs occur in the context of changes in the character of the global food regime, formerly anchored by North Atlantic empires; the integrated food-energy complex seems to be headed towards multiple centres of power, especially with the rise of the BRICS and the proliferation of middle income countries participating in many of the land transactions. Land Grabbing and Global Governance offers insights from leading scholars and experts on contemporary land grabs. This volume examines land grabs in direct relation to a global economy undergoing profound change and the role of new configurations of actors and power in governance institutions and practices. This book was published as a special issue of Globalizations.

This book seeks to understand how Russia’s multifaceted rejection of American unipolarity and de-territorialised neo-liberal capitalism has contributed to the gestation of the present multipolar moment in the global political economy. Analysing Western world order precepts via the actions of a powerful, albeit precarious, national political economy and state structure situated on the periphery of Western world order, Silvius explores the manner in which culture and ideas are mobilised for the purposes of national, regional and international political and economic projects in a post-global age. The book: Explains and analyses the tensions of post-Soviet Russia’s integration into, and simultaneous partial rejection of, the capitalist global political economy. Provides an overview of the social, political and historical origins of Russian samobytnost’ (uniqueness) after the fall of the Soviet Union and demonstrates their significance to contemporary understandings of world order. Explores how structures of cultural difference and practices of cultural differentiation interact with the normative legacies of American hegemonic aspirations in contemporary world order structures. Evaluates how cultural and civilisational representations are mobilised for state-projects and their corresponding regional and international dimensions within the global political economy. This book will be of great interest to students and scholars of Russian Foreign Policy, IPE and comparative political economy.

Presenting a critical overview of what 'emerging multipolarity' means for the world's foremost global trading bloc and economic power, the European Union, this book offers new insights into how the rise of the emerging economies has impacted the EU and its role within the World Trade Organization.

Exploring to what extent the BRICS group is a significant actor challenging the global order, this book focuses on the degree and consequence of their emergence and explores how important cooperation is to individual BRICS members’ foreign policy strategies and potential relevance as leaders in regional and global governance. The BRICS countries (Brazil, Russia, India, China, South Africa) have come to play an important role on the global political scene. As a group, and as individual countries, they have taken initiatives to establish new institutions, and have engaged in yearly summits that coordinate their voice and focus on intra-BRICS cooperation. In this sense, the BRICS may be seen as a "balancing coalition", and often the main opposing force to Western powers. Looking at the debate around the role of the BRICS as an actor, expert contributors also explore the international political economy (IPE) of individual BRICS countries as systemically important countries with highly asymmetrical individual power capacities. The comprehensive theoretical and empirical coverage of this timely volume will be especially useful to students, researchers and professionals interested in ongoing academic debates around the IPE of emerging powers, and those researching global governance and globalization.

This important book is an authoritative work of reference on the G20, G8 and G20 reform, and relevant information sources. Peter Hajnal thoroughly traces the origins of the G20, surveys the G20 finance ministers' meetings since 1999 and the series of G20 summits since 2008. He examines agenda-setting and agenda evolution, discusses the question of G20 membership and surveys the components of the G20 system. He goes on to analyze the relationship of the G20 with international governmental organizations, the business sector, and civil society and looks at the current relationship between the G8 and the G20. He also discusses how G20 performance can be monitored and evaluated. The book includes an extensive bibliography on the G20, G8/G20 reform, and issues of concern to the G20. The book is a companion volume to The G8 System and the G20: Evolution, Role and Documentation (Hajnal, 2007) and is an essential source for all scholars and students of the G20.

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

In light of new global challenges for international cooperation and coordination, such as the revival of protectionism, surge of populism, or energy-related issues, this volume highlights possible scenarios for the future of Global Economic Governance (GEG). The contributing authors analyze the substance of GEG as a normative framework for resolving collective action issues and promoting cross-border co-ordination and co-operation in the provision or exchange of goods, money, services and technical expertise in the world economy. Furthermore, the book examines drivers of fundamental shifts in global economic steering and covers topics such as power and authority shifts in the global governance architecture, technological and energy-related challenges, and the role of the G20 and BRICS in shaping global economic governance. “This book provides a very timely and nuanced account of the challenges facing the established global order.” Andrew F. Cooper (Professor of Political Science at the University of Waterloo) “This valuable collection from a new generation of innovative scholars of global economic governance offers insights from a broad range of theoretical approaches to the central policy issues of the day” John Kirton (Director of the Global Governance Program, Munk School of Global Affairs, University of Toronto)

Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system. This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes: Governance: What is governance in the international economic system? What forms does it take? How did it come about? How can we study it?; Functions of governance: What are the functions of global economic governance? Who performs them? What are the rules and mechanisms that make global governance possible? Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis? This book will: _ Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy; _ Illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform; _ Discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.