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Research Report


Juha Jokela
Copyright Date: Apr. 1, 2011
Pages: 84
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Table of Contents

  1. (pp. 11-30)

    The emergence of the G-20 as the primary forum of world economic cooperation is one of the most significant developments in global governance in the twenty-first century. It is linked to the ongoing transformation of the world order as well as the recognised need to find global solutions to problems which are progressively acquiring global dimensions. Against this background, the emergence of the G-20 has been seen as providing further evidence of the increasingly multipolar order and signalling the end of the West’s domination of the world economy and politics. On the other hand, it has been viewed as a...

  2. (pp. 31-50)

    The growing importance of the G-20 in global economic crisis management has attracted a considerable amount of scholarly and political attention. The development has been seen as reflecting the diminishing role of the West (i.e. major developed economies such as the US and the EU) and the increasing importance of China, India and Brazil among other emerging powers in the world economy and politics. For many, the G-20 process has also provided further evidence that the international order has shifted towards an increasingly multipolar world. Its informal character – G-groups are not established by a multilateral treaty – has sparked...

  3. (pp. 51-60)

    The advent of the era of globalisation has led many policy-makers and scholars to suggest that multilateralism has acquired a heightened importance.68 Expanding and deepening interdependence among states has underlined the importance of common global action in tackling common global problems related to the economy, poverty, the environment, energy and security, for instance. Strong regional and global institutions based on multilateral treaties have been seen as constituting the cornerstone of the future world order. For many, their growing importance has reflected the increasingly recognised need to move beyond traditional power politics based on narrowly-defined national interests.

    Some commentators have however...

  4. (pp. 61-76)

    One of the key aspects of the future of effective multilateralism is the major powers’ policies and strategies in forging global governance. There has been a growing interest in analysing the emerging powers’ multilateralist ambitions or indeed lack of such ambitions. On the one hand their fuller participation in global governance institutions and practices could indicate a greater commitment to concerted attempts to solve global challenges and therefore promote multilateralism. On the other hand, their emphasis on state sovereignty and reluctance to accept binding multilateral arrangements could be seen to indicate the opposite development.

    However, and as the previous chapter...

  5. (pp. 77-78)

    The evolution of the G-20 represents a landmark development in global governance. First, it explicitly acknowledges the increased interdependency shaping the current world order as well as the importance of the emerging markets and powers. Second, it highlights attempts to find common global solutions to common global problems. Third, the G-20 process represents a move towards interest-based rather than norms-based multilateralism. In many ways, it reflects the predominance of relative gains and power politics over absolute gains and multilateral arrangements. As such it has provided both the old and new powers with a comfortable forum to engage in global governance....