The traumatic experiences of the first half of the twentieth
century helped shape the postwar global architecture, which saw the
creation of the IMF, the GATT, and the World Bank. Today, this
economic architecture is ill-fitted to the global economy. The
balance of financial power has moved towards the emerging
economies, especially those in Asia, a shift which is not
sufficiently reflected in the governance of these institutions. New
Global Economic Architecture addresses how a regional architecture,
particularly in Asia, can induce a supply of regional public goods
that strengthens the global public goods supplied through the
global architecture, to promote sustainable economic development.
The global network is moving towards a decentralized system with
global, regional, and national institutions, and the book presents
a comparison of the pace of reforms in various institutions and the
identification of the reform agenda from an Asian perspective. It
provides suggestions for strengthening regional institutions in
Asia so they may better provide regional public goods. The
evolution of institutions and policies that comprise the
international monetary, financial, trade and development
architecture is considered since their establishment after the
Bretton Woods conference of 1944. 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 macroeconomics, development
economics, international trade, and finance at both undergraduate
and graduate levels. Contributors: A. Chabchitrchaidol, A.F.
Cooper, H. Hill, M. Kawai, J. Menon, P.J. Morgan, V. Nehru, M.G.
Plummer, F. Prada, P.B. Rana, R. Siregar, G. Wignaraja
General
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