Impact of Global Governance on Regional Cooperation The G20 Summit and East Asian Financial Cooperation

• 발행기관: 한국학술연구원
• 저자명: Hyun Seok Yu
• 간행물 정보: 『Korea Observer』Vol 50, No 1, 163~186쪽, 전체 24쪽
• 주제분류: 사회과학 > 정치외교학
• 파일형태: PDF
• 발행일자: 2019.03.31

영문 초록

This study analyzes the effects of the global-level governance mechanism on regional financial cooperation in East Asia since the G20 Summit was launched in 2008. First, the G20 has not had much impact on East Asian financial cooperation There has been slow but continuous progress in existing regional financial cooperation based on the IMF-linked Chiang Mai Initiative Multilateralization. Second, Chinese-led regional financial initiatives have burgeoned as a result of China s dual-track policies on global financial governance. This study contributes to understanding the global governance–regional cooperation relationship. First, the relationship varies by the legitimacy and effectiveness of global governance. Second, the leading country s role is crucial in shaping the direction of regional financial cooperation, and hence, the global governance–regional cooperation relationship. Finally, the relationship is complementary in the case of East Asia. However, with China s new regional initiatives, the global financial architecture will be more fragmented.

목차

I. Introduction

II. Literature Review and Theoretical Discussion

III. The G20 Summit: Evolution and Its Changing Identity

IV. The G20 Summit and the Regional Financial Cooperation in East Asia

V. Conclusion

References

키워드

G20 Summit Global economic governance East Asian financial cooperation China