9781107051102

Page 1

NEW NEW NEW NEW Size : 150mm x 230mm • Pages : xii+304pp

• Year : 2014 • Binding : Hardback • ISBN : 9781107051102 • Price ` 745.00 only

The G20 Macroeconomic Agenda India and the Emerging Economies Edited by: Parthasarathi Shome Parthasarathi Shome is Adviser (Minister of State) to the Finance Minister, Government of India and Chairman, Tax Administration Reform Commission. He was also Chairman, Expert Committee on General Anti-Avoidance Rules (GAAR), Government of India, and Director of Indian Council for Research on International Economic Relations (ICRIER), New Delhi.


The G20 Macroeconomic Agenda India and the Emerging Economies Edited by: Parthasarathi Shome As the premier forum for global economic governance, G20 was successful in warding off the global economic crisis of 2008–09 and preventing it from becoming a full-blown depression. In its wake, G20 initiated a series of financial sector reforms and managed to achieve unprecedented global cooperation, by bringing together the G7 and newly emerging economies, for improved global macroeconomic management. As the global economy recovered in 2010, G20 expanded to include a development agenda in particular, achieving food security, controlling commodity price volatility, recycling global savings to boost infrastructure investment, and enhancing energy and environmental sustainability. This book assesses the progress of the G20 with a focus on India. It discusses the role India has played in the success of the G20 process and, more importantly, delineates the possible barriers to India’s enhanced involvement in the G20, and in global governance in general.

Table of Contents List of Tables and Figures • Preface; Section 1: Introduction; 1. The G20: Evolution, Functioning, Prospects: A Concise Review ; Section 2: Financial Sector Reforms and Regulation; 2. Financial Regulation and the G20: Options for India; 3. Financial Sector Reforms under G20 and the Indian Banks; Section 3: Global Macroeconomic Coordination and Reforming International Financial Institutions; 4. The G20MAP, Sustaining Global Economic Growth and Global Imbalances: India’s Role in Supporting Cooperation among Global Macroeconomic Policymakers; 5. Reform of International Financial Institutions; 6. Capital Controls: Instruments and Effectiveness; 7. The International Monetary System: Mitigating Risks from Dominance of the Dollar and India’s Stance; 8. The Challenges in IMS Reforms: An Emerging Markets’ Perspective; 9. Chiang Mai Initiative and its Relevance for India Contributors Index

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03/2014


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