Guiding Global Order

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This text contains the first treatment of the relationship of China to the G7/G8, a topic of enhanced importance following German Chancellor Gerhard Schroeder's November 1999 call for China to become a member of the G8. This timely volume further analyses the origins and operation of the new G20 forum, which holds its first ministerial meeting in December 1999, and the role of the G8 in ending the war and shaping the reconstruction effort in Kosovo. This new volume in the G8 and Global Governance series, is forward looking, focusing on the direction of the G8 system. It places the work of the G7 within a broader context of global governance, and the new challenges facing the international community in the new century. An indispensable tool for academic, research institute, government, business and media communities interested in keeping abreast of the ongoing and rapidly expanding work of the G7/G8 system.
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Editorial Reviews

Cedric Dupont
A major collection of work on current challenges of global governance. An exciting and insightful source for participants in the design of a new global institutional architecture.
Malte Krueger
Guiding Global Order addresses a large number of important topics and is a highly interesting volume for both political scientists and economists.
Nicholas Bayne
This penetrating book shows how the G8 can make the world run better in the 2000s. It has messages of value for everybody - teachers and students, leaders and activists, media people and thoughtful citizens.
Takashi Kiuchi enormously rich treasure trove of views and opinions - an ideal reference for anyone who seeks to improve the design of the network of vehicles for global governance in the 21st century.
Based on an academic symposium held in conjunction with the Cologne Summit of 1999, this fifth volume in the series focuses on the major economic, transnational, and political-security issues that preoccupied this summit and followup meetings. The 14 chapters address the core economic issues (in dialog with a Citizen's Forum); the broader agenda; new directions in global governance; and the G7/G8's contributions on debt, finance, and Kosovo (graded an A- by Korton, U. of Toronto). Appendices concern new challenges to the international monetary system, a G8 communique, a G8 statement on regional issues, and the report of G7 finance ministers on the Cologne Debt Initiative. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780754615026
  • Publisher: Ashgate Publishing, Limited
  • Publication date: 3/1/2001
  • Series: G8 and Global Governance Series
  • Pages: 392
  • Product dimensions: 6.14 (w) x 8.90 (h) x 0.98 (d)

Table of Contents

List of Tables
List of Figures
List of Contributors
Preface and Acknowledgements
List of Abbreviations
1 Introduction 1
2 Internal Macroeconomic Policies and International Governance 21
3 Challenges for the Global Financial System 33
4 U.S. Dollarization: A Second-Best Form of Regional Currency Consolidation 45
5 Looking Askance at Global Governance 55
6 The G7 and the Debt of the Poorest 79
7 Modern Concert Diplomacy: The Contact Group and the G7/8 in Crisis Management 93
8 The G7/8 and the European Union 123
9 The G20: Representativeness, Effectiveness, and Leadership in Global Governance 143
10 International Macroeconomic Policy Co-operation in the Era of the Euro 173
11 The G7/8 and China: Toward a Closer Association 189
12 Corporate Governance: International Perspectives 223
13 Creating Sustainable Global Governance 245
14 The G8's Contributions to Twenty-First Century Governance 283
App. A New Challenges for the International Monetary System 307
App. B G8 Communique Koln 1999 309
App. C G8 Statement on Regional Issues 323
App. D Report of G7 Finance Ministers on the Koln Debt Initiative to the Koln Economic Summit 329
Bibliography 335
Index 357
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