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Reforming Global Economic Governance: A Strategy For Middle Powers In The G20, Daniel D. Bradlow
Reforming Global Economic Governance: A Strategy For Middle Powers In The G20, Daniel D. Bradlow
Daniel D. Bradlow
In this paper I argue that middle powers that are members of the G20 can extract substantial benefit from their participation in the G20 if they have both a clear long term vision of global economic governance and a plan of action that is based on obtainable short term objectives. In the article I address four issues. The first is that the institutional arrangements for global economic governance will remain unstable until the current process of changes in the balance of global political and economic power plays itself out. The second is that, given the changing international power dynamics, the …
Reforming The Global Financial Architecture: Is Real Change Coming?, Daniel Bradlow
Reforming The Global Financial Architecture: Is Real Change Coming?, Daniel Bradlow
Daniel D. Bradlow
This article evaluates the prospects for meaningful reform of the global financial architecture. It begins by looking at the most significant problems with the current architecture. Thereafter it classifies the current reform efforts into three areas -- reforms that in fact have been implemented, reforms that have been proposed but not yet implemented, and reforms that are only under discussion. The paper then evaluates the adequacy of these reform efforts and makes some brief proposals for future reform efforts.