New practices and institutions of global governance are often one of the most enduring consequences of global crises. The contemporary architecture of global governance has been widely criticized for failing to prevent the global financial crisis and Eurozone debt crises, for failing to provide robust international crisis management and leadership, and for failing to generate a consensus around new ideas for regulating markets in the broader public interest. Global Governance in Crisis explores the impact of the global financial crisis of 2008-2009 on the architecture and practice of contemporary global governance, and traces the long-term implications of the crisis for the future of the global order. Combining innovative theoretical approaches with rich empirical cases, the book examines how the impact of the global financial crisis has played out across a range of global governance domains, including development, finance and debt, trade, and security.
This book was published as a special issue of Global Society.
Table of Contents
1. Global Governance and the Politics of Crisis 2. Crisis is Governance: Sub-prime, the Traumatic Event, and Bare Life 3. IMF Surveillance in Crisis: The Past, Present and Future of the Reform Process 4. Post-crisis Reform at the IMF: Learning to be (Seen to be) a Long-term Development Partner 5. Global Trade Governance and the Challenges of African Activism in the Doha Development Agenda Negotiations 6. Multilateralism in Crisis? The Character of US International Engagement under Obama 7. Each Time is Different! The Shifting Boundaries of Emerging Market Debt
André Broome is Associate Professor at the University of Warwick. His book publications include Issues and Actors in the Global Political Economy (Palgrave, 2014), Seeing Like an International Organization (Routledge, 2014, with Leonard Seabrooke), and The Currency of Power: The IMF and Monetary Reform in Central Asia (Palgrave, 2010).
Liam Clegg is Lecturer at the University of York. His research explores the evolving roles of international organisations in global economic governance, especially the IMF and World Bank. He is the author of Controlling the World Bank and IMF: Shareholders, Stakeholders, and the Politics of Concessional Lending (Palgrave, 2013).
Lena Rethel is Assistant Professor at the University of Warwick. She works on global financial governance; the relationship between finance and development; and Islamic finance. Her book, The Problem with Banks (co-authored with Timothy J. Sinclair) was published by Zed Books in 2012.