China And The Group 20: The Interplay Between A Rising Power And An Emerging Institution

Since the great financial crisis in 2008, the Group 20 (G20) has played an increasingly important role in global economic governance as an emerging global macroeconomic coordination mechanism. China and the Group 20 provides experts' observations on the development of the G20, G20's influence on global economic governance and China's role in this emerging institution. The first part of the book analyses important policy issues facing the G20 and global economic governance including the G20's role in strengthening and promoting global macroeconomic coordination; reform of the international financial system; the stability and effectiveness of the international monetary system; the integration of international trade and investment regimes; the new agenda of international development and the complex relations among the major powers. The second part focuses on China's relations with the United States, the EU, and the other BRICS countries, and their implications to the G20's development. China, as the largest developing country and the second largest economy, has the responsibility to safeguard the general interests of developing countries on one hand, and to cooperate with the developed countries to create an equal and open economic environment on the other hand. The book chapters are contributed by experts from the main member countries of the G20.

Contents:Foreword;General Evaluation:The G20 at Five and China's Contribution (Ye Yu);China's Future Leadership of the G20 (Barry Carin);Policy Areas:Macroeconomic Policy Coordination:Macroeconomic Policy Coordination in the G20: Tremendous Success or Disappointing Failure? (Heribert Dieter);The Role of the G20 in Resolving Deep-rooted Problems in the World Economy (Liu Zhongyi);International Financial Institutions and Markets:Reform of International Financial Institutions (B L Pandit);Regulating International Financial Markets (S Griffith-Jones);International Monetary System:Internal Contradictions and Development Prospects of the International Monetary System (Zhou Yu);International Monetary System Reform: The Renminbi Issue (Gunter Schnabl);The G20's Institutional Weakness and RMB Internationalization (Zha Xiaogang);Trade and Investment:China's G20 Membership and Quest for Leadership in East Asian Regional Architecture (Sunghoon Park);A New Round of Transregionalism: Impact on the G20 (He Ping);Post-2015 Development Agenda:A Critique of the G20's Role in the UN's Post-2015 Development Agenda (Zhang Haibing)Actors, Positions and Constellations:China and US:China, the United States, and the G20: Instituting Cooperative Multilateral Governance (Adam Hersh);A New Model of Major-Country Economic Relations between China and the United States and Its Effects on the G20 (Song Guoyou);China and EU:China and the EU: From Strategic Partners to a New Relationship between Major Powers? (Jörn-Carsten Gottwald);China-EU Cooperation in the G20 (Jiang Shixue);China and BRICS:China, the BRICS and the G20: New Configurations of Power in the International System (Rosana Pinheiro-Machado);The Transformation of BRICS (Zhu Jiejin)About the Authors;
Readership: Academics, policymakers, professionals, undergraduate and graduate students interested in the development of the G20 and global economic governance.
China, G20, Emerging Institution, Global Economic Governance, Macroeconomic Policy Coordination, International Monetary System0