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2020 | OriginalPaper | Buchkapitel

In Pursuit of Better Economic Governance: The Contribution of the G20 and BRICS

verfasst von : Marina Larionova

Erschienen in: The Future of Global Economic Governance

Verlag: Springer International Publishing

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Abstract

The G20 and BRICS were born in a crowded world of international institutions following the 2008 financial and economic crisis. The G20 sought to manage the crisis, reform the international architecture and devise a new global consensus. BRICS committed to foster cooperation and policy coordination between its members and promote the international institutions reform. However, 10 years later, the G20’s and BRICS’ pursuit of the international monetary and trade systems reform has produced no fundamental results. This chapter looks into the history of the international monetary and trading systems reform endeavours and examines G20 and BRICS engagement with international organisations for better economic governance, focusing on the IMF, the MDBs and the WTO. It argues that the G20 and BRICS must increase efforts to create a global governance system that reflects new economic and technological realities, responds to persistent challenges, and creates conditions for a balanced and inclusive growth.

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Vorheriges Kapitel Global Economic Governance and the Challenge of Technological Revolution

Nächstes Kapitel Multilateralism in Peril? Murky Protectionism and the Populist Backlash Against Globalisation

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Titel: In Pursuit of Better Economic Governance: The Contribution of the G20 and BRICS
verfasst von: Marina Larionova
Verlag: Springer International Publishing
Buch: The Future of Global Economic Governance
Print ISBN: 978-3-030-35335-3

Electronic ISBN: 978-3-030-35336-0

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-35336-0_5

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