The architecture of global economic and financial governance has undergone a deep and pervasive reform in the last ten years, radically transforming international institutions and groups, such as the International Monetary Fund, the G7, and the G20. This book investigates the new, unsettled order which is now prevailing, driven by the change in the balance of power between advanced economies and key emerging market economies.

Bringing together multiple strands of analysis, traditionally kept separate, Reforming Global Economic Governance: An Unsettled Order particularly explores the role of Europe within this changing world. The book documents and examines a broad range of events, building on methods from economics and other disciplines, as well as on the insights from the author's personal involvement. This innovative approach allows the reader to ascertain the defining features of the reform: the increasing fragmentation of governance; the interconnectedness of its different elements; and the strong concern for inclusiveness. Furthermore, it presents analyses highlighting the controversial nature of the new order which underpins the current policy debate on international economic relations, including the resurgence of nationalism and trade conflicts. Through these explorations, this engaging book has direct relevance for the future prospects of international economic affairs.

Offering a comprehensive view of these issues, this accessible text will appeal to scholars, insiders, and the general reader. Its detailed and thorough analyses will also be of great use to those studying economics, international political economy, and international relations.

About the Author

Carlo Monticelli is Vice Governor of the Council of Europe Development Bank. His career has straddled both private and public sectors, with positions including Deputy Director in the Research Department of the Bank of Italy; Head of European Economics, Deutsche Bank, London; and Head of International Financial Relations of the Italian Treasury. In this capacity he represented Italy in key international fora such as the G7, the G20, and the Economic and Financial Committee of the European Union.

Reviews

"Carlo Monticelli provides a unique insider's perspective that combines the insights of a seasoned economist with the personal reflections of a concerned global citizen. A rewarding and enjoyable read for anyone interested in the causes and lessons of the global financial crisis!" Masood Ahmed, President, Center for Global Development

"The author is an insider. When reading him on how the Europeans missed all opportunities by just looking inward, you oscillate between hilarity and despair" Agnes Benassy-Quere, Professor, Paris School of Economics, University Paris 1 Pantheon-Sorbonne

"There is no going back to the old multilateralism. Based on first-hand experience and sharp analysis, this book provides the economic and political-economy arguments to understand why this is the case, wrapped in a captivating narrative accessible to the non-specialist. Don't miss it!" Erik Bergloef, Director, Institute of Global Affairs, London

"An authoritative assessment of global economic governance at a time of pressing global challenges in an unsettled and fractious global order. A must, and a compelling read." Amar Bhattacharya, Senior Fellow, Brookings Institution

"Emerging market countries now play a more relevant role in the G20 and all the IFIs. With analytical rigour and an engaging style, this book analyzes the events and underlying reasons that brought about this radical change in global governance. Highly recommended." Sri Mulyani Indrawati, Finance Minister of Indonesia

"This book gives an inside story of how international financial architecture is created and reformed as advanced and large emerging market countries play power games." Takatoshi Ito, Professor of International and Public Affairs, Columbia University

"Combining an insider view with a multidisciplinary approach, this book offers fresh insights on why and how global economic governance has changed. A must read." Nouriel Roubini, Professor of Economics, Stern Business School, New York University

"Over the last decade, the international economic and financial landscape has changed much more than you think. This is the surprisingly convincing leitmotiv of this book. As a former official who has been involved in all the big issues from the inside, I did not expect Carlo Monticelli to be so candid and, in many ways, so radical. The book is loaded with a myriad of facts and yet the reader will not get lost because the powerful underlying analysis constantly brings all the pieces into a coherent lot. It makes you think hard but the style is so smooth and engaging that you do it with intense pleasure." Charles Wyplosz, Professor of Economics, The Graduate Institute, Geneva

"Carlo Monticelli provides a unique insider's perspective that combines the insights of a seasoned economist with the personal reflections of a concerned global citizen. A rewarding and enjoyable read for anyone interested in the causes and lessons of the global financial crisis!", Masood Ahmed, President, Center for Global Development

"The author is an insider. When reading him on how the Europeans missed all opportunities by just looking inward, you oscillate between hilarity and despair", Agnes Benassy-Quere, Professor, Paris School of Economics, University Paris 1 Pantheon-Sorbonne

"There is no going back to the old multilateralism. Based on first-hand experience and sharp analysis, this book provides the economic and political-economy arguments to understand why this is the case, wrapped in a captivating narrative accessible to the non-specialist. Don't miss it!", Erik Bergloef, Director, Institute of Global Affairs, London

"An authoritative assessment of global economic governance at a time of pressing global challenges in an unsettled and fractious global order. A must and compelling read.", Amar Bhattacharya, Senior Fellow, Brookings Institution

"Emerging market countries now play a more relevant role in the G20 and all the IFIs. With analytical rigour and an engaging style, this book analyzes the events and underlying reasons that brought about this radical change in global governance. Highly recommended.", Sri Mulyani Indrawati, Finance Minister of Indonesia

"This book gives an inside story of how international financial architecture is created and reformed as advanced and large emerging market countries play power games.", Takatoshi Ito, Professor of International and Public Affairs, Columbia University

"Combining an insider view with a multidisciplinary approach, this book offers fresh insights on why and how global economic governance has changed. A must read.", Nouriel Roubini, Professor of Economics, Stern Business School, New York University

"Over the last decade, the international economic and financial landscape has changed much more than you think. This is the surprisingly convincing leitmotiv of this book. As a former official who has been involved in all the big issues from the inside, I did not expect Carlo Monticelli to be so candid and, in many ways, so radical. The book is loaded with a myriad of facts and yet the reader will not get lost because the powerful underlying analysis constantly brings all the pieces into a coherent lot. It makes you think hard but the style is so smooth and engaging that you do it with intense pleasure.", Charles Wyplosz, Professor of Economics, The Graduate Institute, Geneva

Book Information
ISBN 9780815363477
Author Carlo Monticelli
Format Paperback
Page Count 244
Imprint Routledge
Publisher Taylor & Francis Inc
Weight(grams) 412g