The global financial crisis of 2007-09 highlighted the economic interdependencies between all major countries, raising the issues of international cooperation. Managing Complexity looks at how, following the global financial crisis, countries have changed the way they cooperate with each other on matters of economic policy.
In this volume, the result of a joint research project of Chatham House and the International Monetary Fund, researchers and policymakers who were directly involved in the crisis take a critical look at the challenges facing international policy cooperation in the new post-crisis environment and at how the theory and practice of cooperation have evolved as a result of the crisis.
Publisher: Brookings Institution
Number of pages: 350
Weight: 525 g
Dimensions: 229 x 152 x 24 mm
--Yu Yongding, Academician, Chinese Academy of Social Sciences (CASS); former Director, Institute of World Economics and Politics, CASS
The financial crisis brought about a new era in policy cooperation. Managing Complexity sets out the issues from multiple perspectives--from academics to practitioners, from the U.S. experience to that of East Asia. It is important reading for all those interested in policy cooperation.
--Christine Lagarde, Managing Director, International Monetary Fund
Bringing together policymakers, academics, and policy experts, Managing Complexity draws a lucid picture of the strengths and weaknesses of the global governance framework, as well as incentives for and impediments to international cooperation. Economic theory is clear that international cooperation can enhance economic outcomes: this book illustrates why the reality is much more complex.
--Reza Moghadam, Vice Chairman for Global Capital Markets, Morgan Stanley
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