This title was first published in 2002: Leading economists and scholars of political economy from both academic and policy communities vigorously examine the key challenges facing the world economy in the coming years in this essential addition to course reading lists and library collections.

Contents: Preface; Introduction, summary and conclusions, Michele Fratianni, Paolo Savona and John J. Kirton; Part 1 governing Global Finance: The G7's Contribution: Reforming the international financial architecture: the G7 summit's successes and shortcomings, Nicholas Bayne; Consensus and coherence in G7 financial governance, John J. Kirton. Part II Generating Growth in the Global Economy: The g7's contribution to global economic growth: an agenda; Japan, Asia, and the rebuilding of financial sector, Takashi Kiuchi. Part III Assembling a New International Financial Architecture: Problems and reforms of the international monetary system, Dominick Salvatore; One region, one money: the need for new directions in monetary policies, George M. von Furstenberg; International standards, crisis management, and lenders of last resort in the international financial architecture, Michele Fratianni and John Pattison. Part IV The Need for New Directions: Crisis prevention and the role of IMF conditionality, Giorgio Gomel; On some unresolved problems of monetary theory and policy, Paolo Savona; Britain, Europe and north America, Alan M. Rugman and Alina Kudina. Analytical appendices; Documentary appendices; Bibliography; Index.