The Shifting Global Economic Architecture: Decentralizing Authority In Contemporary Global Governance
by Jonathan Luckhurst /
2017 / English / PDF
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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.
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.