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Published in:
Introduction: The Coming Crisis, the Gathering Storm Read chapter Read first chapter

2018 | OriginalPaper | Chapter

Can Global Governance Prevent the Coming Crisis?

Author : Anthony Payne

Published in: The Coming Crisis

Publisher: Springer International Publishing

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Abstract

Serious problems undermine the current regime of global governance and create a significant ‘global governance deficit’. They have not been solved by the G20, the self-styled steering committee of global economic governance, even though the latest G20 summit in 2016, held for the first time in China, did promote a new ‘Hangzhou Consensus’ that constituted at the very least a marker on behalf of the cause of more inclusive growth. Actually existing global governance is simply not strong enough to avert a further global economic crisis by its means. It is also now caught between conflicting ‘reglobalisation’ and ‘deglobalisation’ political pressures.

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previous chapter Stagflation and the Shackles of Market Discipline
next chapter The Coming and Current Crisis of Indecent Work
Literature
Buzdugan, S., & Payne, A. (2016). The long battle for global governance. London: Routledge.
Ostry, J. D., Loungani, P., & Furceri, D. (2016). Neoliberalism: Oversold? Finance & Development, 53(2).
Payne, A. (2014, June). The global governance of global crisis: Why the G20 was created and what we still need it to do (SPERI Paper No. 17).
Metadata
Title
Can Global Governance Prevent the Coming Crisis?
Author
Anthony Payne
Copyright Year
2018
Book
The Coming Crisis

Print ISBN: 978-3-319-63813-3

Electronic ISBN: 978-3-319-63814-0

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-63814-0_5