Securing the Global Economy G8 Global Governance for a Post-Crisis World

Securing the Global Economy explores how and why the G8 and other institutions of global governance deal with increasingly comprehensive and complex economic-security connections. These connections are explored from an interdisciplinary perspective, with economists, political scientists and those in the policy world bringing their insights to bear. Moreover, this volume explores this economic-security connection from a constitutional or institutional perspective. In a classical liberal spirit, it is concerned with the organizing principles of a liberal international economic order and the framework of rules that enables it to survive and flourish. Security issues, national trade policies, the multilateral trade system and the detailed technical issues they subsume are analysed from this higher vantage point. This is thus a work about global governance as a whole and at its core, rather than a problem-solving manual for a few of the issues now at centre stage. Furthermore, it applies this larger vision to the current G8 and global economic-security agenda to generate a set of policy recommendations about how the global community, through and outside the G8, can better cope with the complex interconnected challenges it now confronts. Its innovative policy recommendations are especially timely when the recent global financial crisis, economic recession and fragile recovery place great strains on the liberal economic order, while new challenges from Iran, ongoing terrorist threats and corruption make this security-economic connection critically important.

Part I Introduction; Chapter 1 Securing the Global Economy through the G8, Andreas Freytag, John J. Kirton, razeen Sally, Paolo Savona; Part II Economics; Chapter 2 Multilateral Rule-Based Trade and Exchange Rate Regimes, Chiara Oldani, Paolo Savona; Chapter 3 Escape Clauses and Social Conditions as Threats to the World Trade Organization, Rolf J. Langhammer; Part III Development; Chapter 4 Integrating Developing Countries into the Global Economy: The Role of the G8 and Global Governance, Razeen Sally; Chapter 5 Multinational Enterprises from Emerging Markets, Alan Rugman; Chapter 6 Debt Relief for Developing Countries, Andreas Freytag, Gernot Pehnelt; Chapter 7 The Political Economy of China’s Aid Policy in Africa, Gernot Pehnelt; Part IV Security; Chapter 8 Globalization and Violence, Ronald WIntroductionbe; Chapter 9 Changing Conceptions of Security and the G8, Manuel Fröhlich; Chapter 10 G8 Sanctioning Success, John J. Kirton; partV G8 Governance and Beyond; Chapter 11 The G8’s St Petersburg Summit Achievements and Legacy, Victoria Panova; Chapter 12 Growth and Responsibility: The Leitmotif for Germany’s 2007 G8 Presidency, Berend Diekmann; Chapter 13 Reversal of Roles: Canada, Germany and G8 Reform, 2007–2010, Andrew F. Cooper;

Andreas Freytag, Friedrich-Schiller-Universitat Jena, Germany, John J. Kirton, University of Toronto, Canada, Razeen Sally, London School of Economics and Political Science, UK and Paolo Savona, University of Rome Guglielmo Marconi , Italy