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Global Economic Leadership and the Group of Seven

Global Economic Leadership and the Group of Seven

Paperback

EconomicsGeneral Political ScienceInternational Relations

ISBN10: 0881322180
ISBN13: 9780881322187
Publisher: Peterson Inst For Intl Economi
Published: Jun 1 1996
Pages: 192
Weight: 0.60
Height: 0.41 Width: 6.11 Depth: 9.17
Language: English
The decline of the dollar, the Mexican crisis, and sluggish global growth reveal the failure of the Group of Seven industrial nations to provide effective management of the world economy. The G-7 once played this crucial role effectively, and must do so again if future crises are to be averted and global prosperity to be promoted. This study assesses the G-7's record and the reasons for its demise. It outlines an action program that includes reforming the exchange rate regime, creating a new financial facility at the IMF to deal with crises sparked by private capital flows, and instituting an early warning system to prevent serious new disruptions in the world economy

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Economics