The Shifting Global Economic Architecture: Decentralizing Authority in Contemporary Global Governance

Description

This book analyzes the shifting global economic architecture, indicating the decentralizing authority in global economic governance since the Cold War and, especially, following the 2008-09 global financial crisis. The author examines recent adjustments to the organizational framework, contestation of policy principles, norms, and practices, and destabilizing actor hierarchies, particularly in global macroeconomic, trade, and development governance. The study's ‘analytical eclecticism’ includes a core constructivist IR approach, but also incorporates insights from several international relations theories as well as political and economic theory. The book develops a unique ‘analytical matrix’, which analyzes effects of strategic, political, and cognitive authority in the organizational, policy, and actor contexts of the global economic architecture. It concludes that, despite concerns about potential fragmentation, decentralizing authority has increased the integration of leading developing states and new actors in contemporary global economic governance. Front Matter ....Pages i-xv Introduction: The Shifting Global Economic Architecture (Jonathan Luckhurst)....Pages 1-25 Front Matter ....Pages 27-27 Global Economic Governance Since the Twentieth Century (Jonathan Luckhurst)....Pages 29-56 Global Economic Governance Since the Global Financial Crisis (Jonathan Luckhurst)....Pages 57-80 Front Matter ....Pages 81-81 From Deregulation and Market Efficiency to Sustainable and Inclusive Growth (Jonathan Luckhurst)....Pages 83-116 Globalization, Inequality, and Challenges to Free Trade (Jonathan Luckhurst)....Pages 117-153 The Growing Sustainable Development Consensus (Jonathan Luckhurst)....Pages 155-185 Front Matter ....Pages 187-187 Shifting Authority of Actors in Global Economic Governance (Jonathan Luckhurst)....Pages 189-218 Fragmentation or Integration of Global Economic Governance (Jonathan Luckhurst)....Pages 219-246 Conclusion: Decentralizing Global Economic Governance (Jonathan Luckhurst)....Pages 247-258 Back Matter ....Pages 259-306