1st Edition

Sustaining Global Growth and Development G7 and IMF Governance

By Michele Fratianni, Paolo Savona Copyright 2004

    Sustaining Global Growth and Development focuses on the new challenges for sustaining growth in the twenty-first century and the role of the G7 and IMF in meeting these challenges amidst the new processes of regionalism now emerging. The volume has three central purposes: · to assess how and how well the G7 has addressed its core 2002 agenda of sustaining global growth, reducing poverty in Africa, and combating terrorism and its financing · to examine how the IMF has approached these issues, and related work of the G7 · to explore how the G7, IMF and other international institutions are addressing global growth and development challenges in the context of the new processes of regionalism. Pressures such as currency consolidation in Asia and economic union in Africa are studied. This book builds on previous volumes in the series with a heavy focus on the World Bank, the regional development banks and the many other international institutions that work in the field of development.

    List of Tables, List of Figures, List of Contributors, Preface and Acknowledgements, List of Abbreviations, 1. Introduction, Observations, and Conclusions, PART I: GENERATING GROWTH THROUGH PRODUCTIVITY, ICT, AND TRADE, 2. Globalisation, International Competitiveness, the New Economy, and Growth in the G7, 3. Productivity Growth in Canada and the G7, 4. The Global Information Society and Development: Smoke without a Fire?, 5. The World Trade Organization, Multinational Enterprise, and Civil Society, 6. Globalisation, Growth, and Health: The Private Sector Perspective, PART II: DESIGNING AFRICAN DEVELOPMENT THROUGH NEPAD, 7. The New Partnership for Africa's Development and the G8's Africa Action Plan: A Marshall Plan for Africa?, 8. Designing for Development in Africa: The Role of International Institutions, 9. Is African Development through the New Partnership for Africa's Development Synonymous with Sustainable Development?, PART III: CRITICAL CHALLENGES IN INTERNATIONAL FINANCE, 10. The International Monetary Fund and Its Critics, 11. Evaluating Koizumi's Reforms and the Implications for the Global Economy, 12. The Chinese Crux of Monetary Union in East Asia, PART IV: CONCLUSION, 13. The G7/8 Contribution at Kananaskis and Beyond, ANALYTICAL APPENDICES, A. Impressions of the Kananaskis Summit, 26-27 June 2002, B. Summit Achievement Grades, 1975-2002, C. Commitments by Summit, 1975-2002, D. Summit Performance Assessment by Issue and Country, 2002, E. Keeping Genoa's Commitments: The 2001-02 Compliance Report, DOCUMENTARY APPENDICES, F. Statement of G7 Finance Ministers and Central Bank Governors, G. Statement of G7 Finance Ministers and Central Bank Governors, H. Statement of G7 Finance Ministers, I. G8 Africa Action Plan, J. Statement by G7 Leaders: Delivering on the Promise of the Enhanced HIPC Initiative, K. The Kananaskis Summit Chair's Summary, L. Statement by G7 Finance Ministers on the Framework for the International Monetary Fund Program for Brazil, M. Statement of G7 Finance Ministers and Central Bank Governors, N. G8 Development Ministers Meeting, Chair's Summary, O. G20 Finance Ministers and Central Bank Governors Meeting, Delhi Communiqué, Bibliography, Index


    Fratianni, Michele; Savona, Paolo

    'The G7/8 Summits play a critical role in the governance of globalization. This book uses the G7 process and the 2002 Kananaskis Summit...to open a window on this governance question. Readers will learn much from the perspective.' Barry Eichengreen, University of California, Berkeley 'This book presents in-depth and up-to-date analyses of the G7/8 Summits...With contributors from different parts of the world and from different disciplines, it brings about a very interesting perspective to the main policy issues involved. A fruitful reading for all those concerned with the subject.' André Fourçans, Essec Business School, France 'In timely fashion, this useful volume explores some of the most critical international policy issues confronting governments in today's rapidly globalizing world economy. Replete with valuable insights and analyses by an illustrious roster of economists, the collection deserves to be on the shelf of anyone with an interest in the challenge of global economic governance.' Professor Benjamin J. Cohen, University of California, Santa Barbara, USA 'At a time when financial globalization is giving rise to so many debates, and while the international monetary and financial environment never ceases to adapt and reform, this work allows us to understand the G7's interest and to better grasp its contribution to the new global financial architecture.' Etudes internationales