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Published in:
Introduction: G20 Since the Global Crisis Read chapter Read first chapter

2016 | OriginalPaper | Chapter

2. Strategic Economic Effects of the GFC

Author : Jonathan Luckhurst

Published in: G20 Since the Global Crisis

Publisher: Palgrave Macmillan US

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Abstract

This chapter focuses mainly on the international strategic economic effects of the GFC rather than on its causes. It analyzes how strategic effects of the GFC affected the capacity of political actors to influence international relations. Research of strategic economic relations in combination with ideational, normative, and socialization analyzes international strategic consequences of the GFC, especially due to material economic and political effects. This includes a focus on economic interdependence, an important aspect of international relations effects of the GFC which is crucial for understanding the contemporary importance of the G20. The leverage of national governments, in the G20 and international relations more broadly, is affected by the consequences of these factors in international and domestic politics.

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previous chapter Introduction: G20 Since the Global Crisis
next chapter Ideational and Normative Effects of the GFC
Footnotes
1
The term itself was first coined by Andrew Rozanov (2005) a decade ago.
 
2
To avoid confusion, here I am not referring to the other Anglo-Saxon economies of the G20, namely, Canada and Australia, which fared better than the British and US economies during the GFC.
 
3
Congressional politics compelled Obama reluctantly to accept ‘budget sequestration’ in March 2013. This was a set of austerity measures intended to slow the growth of the US Federal deficit.
 
4
Documents and public statements from the Chinese government support this claim (see CICETE 2015; UNOSSC 2015; Xinhua 2014).
 
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Metadata
Title
Strategic Economic Effects of the GFC
Author
Jonathan Luckhurst
Copyright Year
2016
Book
G20 Since the Global Crisis

Print ISBN: 978-1-137-55145-0

Electronic ISBN: 978-1-137-55147-4

Copyright Year: 2016

DOI
https://doi.org/10.1057/978-1-137-55147-4_2