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Global Economic Governance And States: Still Important As Leaders?

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  • Sterian Maria Gabriela

    (Romanian-American University, School of European Economic Studies)

Abstract

The importance of countries as actors in international economy is the basis of global economic governance. Though the world has increasingly become more integrated in terms of economics, it continues to be politically fragmented in independent states, which follow their own interests. In general, the countries choose the organizations which serve best their interests. But they seek also to achieve their goals through building coalitions with other states, seeking to solve problems of mutual interest directly and in a pragmatic way. Global economic governance requires the development of agreements and coalitions of states or groups of states and, also, the creation of ad-hoc multilateralism, which has to deal, in particular, with peace and security problems.

Suggested Citation

  • Sterian Maria Gabriela, 2012. "Global Economic Governance And States: Still Important As Leaders?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 68-73, July.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:68-73
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/008.pdf
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    References listed on IDEAS

    as
    1. Cooper, Andrew F. & Fues, Thomas, 2008. "Do the Asian Drivers Pull their Diplomatic Weight China, India, and the United Nations," World Development, Elsevier, vol. 36(2), pages 293-307, February.
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    More about this item

    Keywords

    state strategies; international organizations; global economic governance;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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