{"product_id":"9789811920431","title":"From Centralised to Decentralising Global Economic Architecture: The Asian Perspective","description":"\u003ch1\u003eFrom Centralised to Decentralising Global Economic Architecture: The Asian Perspective\u003c\/h1\u003e \u003ch2\u003eRana, Pradumna B.; Ji, Xianbai\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book focuses on the recent rise of new regional economic institutions such  as the Chiang Mai Initiative Multilateralisation, the Asian Infrastructure  Investment Bank, and the Regional Comprehensive Economic Partnership, which  were established, in part, as a result of dissatisfaction of dynamic emerging  markets with global economic institutions such as the IMF, the World Bank, and  the GATT\/WTO. The latter were formed by advanced economies in the West, after  the historic Bretton Wood Conference of 1944. \u003c\/p\u003e\u003cp\u003eIn doing so, the book addresses how this recent round of decentralisation,  defined as the co-existence of “senior” global institutions and a plethora of  newly-established regional institutions, has affected global economic governance,  and the delivery of global public goods. It also poses the question if this has led  to the fragmentation of global economic governance. \u003c\/p\u003e\u003cp\u003eThe book adds value to existing literature by using a benefit-risk analytical  framework to study the decentralisation process. Unlike the “contested  multilateralism” argument used by some authors which focuses on the costs of  decentralisation, the authors argue that benefits must also be considered. It also  describes and analyses the establishment of global and regional international  economic institutions and the evolving relationships between the two. Third, the  authors argue that this decentralisation process will continue in the postpandemic period and recommend policies to reset the relationship between  global and regional institutions. And lastly, the book discusses proposals to  reform the international monetary system including the global reserve system  with a view to reducing the hegemony of the US dollar.\u003c\/p\u003e\u003cp\u003eThroughout the book, the role for Asia is also identified, and elaborated on.\u003cbr\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2023-10-03\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9789811920431\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-981-19-2041-7\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 223\u003c\/p\u003e ","brand":"Springer Nature Singapore","offers":[{"title":"Default Title","offer_id":44809903308940,"sku":"9789811920431","price":107.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9789811920431.jpg?v=1776082592","url":"https:\/\/lateknightbooks.com\/products\/9789811920431","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}