Read more
The book discusses contemporary issues such as global financial architecture and regulatory practices, trade, investment and the multilateral process, the future of work, the role of technology for adaptation and mitigation of climate change, and financing infrastructure for sustainable development.
With increasing global connectivity, events in one part of the world immediately affect or spread to the other parts. In this context, G20 has proved to be an effective forum, particularly after the Asian financial crises. Furthermore, over recent decades, G20 has been instrumental in managing financial crises and international conflicts by deploying global cooperation as a functional tool. As a body responding to crises, the G20 has played a central role in providing the political momentum for the strong international cooperation that ensured greater policy coherence and helped ease situations that could otherwise have been decidedly worse. The G20's agendas have encompassed short-term but critical issues of economic recovery, the sovereign crisis of Europe, high unemployment and financial sector regulation. But since moderate stabilization in the global economic environment, the focus of the group has also embraced long-term areas of governance and development. For emerging economies, such as India, the G20 has been an important platform framework to promote an inclusive global economic architecture that seeks to achieve equitable outcomes.
This book reviews the past 20 years of the G20, since it was conceptualized as a replacement for the G-7. While issues such as global financial order have been a constant area of discussion, one of the failures has been not recognizing and acknowledging the importance of issues like trade, climate change and future of work. Featuring academic papers by experts in the area, this book provides a platform for the necessary discourse on these issues.
List of contents
Introduction.- Emerging markets perspectives on G-20 led financial reforms.- Global Finance Ten Years after the Global Financial Crisis.- Where is the US trade policy headed under the Trump Administration?.- Trade, Investment, and the Multilateral Trading System.- Technological Change and the Future of Work - Some Issues from a Developing Country Perspective.- The Changing World of Work in Developing and Emerging Economies.- Rethinking technology for a 1.5 deg C world.- Climate ambition needs targeted technology collaboration.- Infrastructure Financing in India - Trends, Challenges and Way Forward.- The Problem of Financing Private Infrastructure in India Today.
About the author
Rajat Kathuria is the Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER), New Delhi. He has over 20 years' teaching experience and 15 years' experience in economic policy. His research interests include a range of issues relating to regulation and competition policy. He has worked as a consultant for the World Bank, Washington DC and carried out project assignments for a number of international organizations, including ILO, UNCTAD, LirneAsia, World Bank and ADB. He has published in international and national journals, as well as in popular magazines and newspapers. He has served on the board of Delhi Management Association and is currently an independent director on the Microfinance Institutions Network (MFIN) and on several government committees. He has an undergraduate degree in Economics from St. Stephens College, a Masters from Delhi School of Economics and a Ph.D. degree from the University of Maryland, College Park.
Prateek Kukreja is a Research Associate at the Indian Council for Research on International Economic Relations (ICRIER), New Delhi. He has over 5 years of research experience and has previously been associated with various government and non-government organizations in India. His broad areas of research interest include labour economics, trade and development economics. He has authored papers and articles in respected journals, newspapers and magazines and has also presented papers at various national and international conferences. He holds an M.Phil. degree in Economics from the Jawaharlal Nehru University and a Masters degree from the South Asian University, New Delhi. He is currently pursuing his Ph.D. at Jawaharlal Nehru University.
Summary
The book discusses contemporary issues such as global financial architecture and regulatory practices, trade, investment and the multilateral process, the future of work, the role of technology for adaptation and mitigation of climate change, and financing infrastructure for sustainable development.
With increasing global connectivity, events in one part of the world immediately affect or spread to the other parts. In this context, G20 has proved to be an effective forum, particularly after the Asian financial crises. Furthermore, over recent decades, G20 has been instrumental in managing financial crises and international conflicts by deploying global cooperation as a functional tool. As a body responding to crises, the G20 has played a central role in providing the political momentum for the strong international cooperation that ensured greater policy coherence and helped ease situations that could otherwise have been decidedly worse. The G20’s agendas have encompassed short-term but critical issues of economic recovery, the sovereign crisis of Europe, high unemployment and financial sector regulation. But since moderate stabilization in the global economic environment, the focus of the group has also embraced long-term areas of governance and development. For emerging economies, such as India, the G20 has been an important platform framework to promote an inclusive global economic architecture that seeks to achieve equitable outcomes.
This book reviews the past 20 years of the G20, since it was conceptualized as a replacement for the G-7. While issues such as global financial order have been a constant area of discussion, one of the failures has been not recognizing and acknowledging the importance of issues like trade, climate change and future of work. Featuring academic papers by experts in the area, this book provides a platform for the necessary discourse on these issues.
