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Global Economic Leadership and the Group of…

Global Economic Leadership and the Group of Seven

by C. Fred Bergsten

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Amazon.com Product Description (ISBN 0881322180, Paperback)

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 programme 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.

(retrieved from Amazon Sun, 30 Aug 2015 00:05:03 -0400)

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