Global Economic Cooperation

This book discusses issues such
as global financial crisis and global governance, food security, energy
sustainability, the global financial system, trade and protectionism, and
growth and employment. Since the outbreak of the financial as well as national
debt crises in the Euro zone, the focus of the G20 has shifted back to
addressing short-term issues. These issues range from the dynamic effects of
global imbalances and the appropriate degree of financial sector regulation to
questions of austerity versus growth and the lack of a comprehensive framework
for managing the international monetary system. A further issue is the
relevance of the G20 agenda for emerging market economies. Global economic
recovery still remains fragile and downside risks to global growth remain.
Additionally, much of the agenda of the Seoul Development Consensus for shared
growth launched in 2010 has yet to be fulfilled. A key discussion point in the
book, therefore, is how to make a tangible and significant difference in people’s
lives by implementing an agenda of inclusive growth.