Out of the debate over the effectiveness of the policy responses to the 2008 global financial crisis as well as over the innovativeness of global governance comes this collection by leading academics and practitioners who explore the dynamics of economic crisis and impact. Edited by Paolo Savona, John J. Kirton, and Chiara Oldani Global Financial Crisis: Global Impact and Solutions examines the nature of the recent crisis, its consequences in major regions and countries, the innovations in the ideas, instruments and institutions that constitute national and regional policy responses, building on the G8's response at its L'Aquila Summit. Experts from Africa, North America, Asia and Europe examine the implications of those responses for international cooperation, coordination and institutional change in global economic governance, and identify ways to reform and even replace the architecture created in the mid 20th century in order to meet the global challenges of the 21st.
'This collection provides interesting and important perspectives on the causes and consequences of the 2007-09 global financial meltdown. A particular strength of the book is its examination of the crisis from a wide range of country/regional perspectives. Required reading for all those interested in this momentous shock to the global economy.' Eric Helleiner, University of Waterloo, Canada 'Provides a comprehensive analytical framework enriched by references to the experiences of an unusually wide range of countries. A sobering analysis of the inadequacies of both the analytical and institutional responses to the underlying causes of the crisis and, by extension, the serious challenges remaining for both thinkers and doers.' William R White, Chair, Economic and Development Review Committee, OECD, Paris, France 'Readers interested in getting a first glance at the international aspects of the financial crisis will find this book useful… Recommended' Choice