Salvaging the G-7
Bibliographic Data
| ID | 3294041 |
|---|---|
| Authors | G John Ikenberry (corresponding author) |
| Year | 1993 |
| Volume | 72 |
| Issue | 2 |
| Pages | 132 |
| Publication date | 1993-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20045531 |
| OpenAlex | W2558173132 |
| Language | EN |
| Citations received | 5 |
critical test facing world is whether liberal democratic states can build cooperative relations in absence of a unifying threat. The answer so far is not encour aging. Economic coordination and collective action among major industrial powers are rare these days. The problem is not just one of coordinating economic policy but also of laying a new political foundation for post-Cold War cooperation. The world stands at brink of a new era and its major statesmen in Europe, Japan and United States are having trouble with vision thing. Their inability to grapple with post-Cold War architecture constitutes an enormous failure of imagination and responsibility. What currently passes for policy coordination is so-called Group of Seven process of largest industrial democracies. As a mechanism for synchronizing economic policy to exert leader ship over world economy, this process is largely a failure, so much so that at this year's World Economic Forum in Davos, Switzerland, noted economist C. Fred Bergsten remarked that the G-7 is dead. The absence of meaningful policy coordination stands in stark contrast to pomp of annual G-7 summits. Year after year leaders of United States, Germany, Japan, France, Great Britain, Canada and Italy meet in a ritualized photo opportunity. A huge intergovernmental operation churns out bland official communiqu?s that paper over dysfunctions in global eco nomic system, or vague joint commitments to growth and pros perity that substitute for actual accord. Such shallow protocol is inadequate for dealing with real tensions arising from trade con flicts, global economic malaise or alliance burden-sharing
Political science · Economic Development and Digital Transformation · Global Financial Crisis and Policies · Regional Development and Policy
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,15 |
| Citation span | 1993 - 2021 (29) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |