Edited by Masahiro Kawai, Project Professor, Graduate School of Public Policy, the University of Tokyo, Japan, Peter J. Morgan, Principal Consultant, PJM Consulting, Georgia, USA and Pradumna B. Rana, Associate Professor, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore

'The spectacular rise in Asian economies has reshuffled the distribution of world economic power, while the Global Financial Crisis brought it to the fore. The global economic and financial architecture, inherited from World War II, has not responded to such changes. Focusing mainly on financial and partly on trade issues, this book provides a welcome perspective from seasoned Asia experts on the prospective benefits of a new, more decentralized and regionalized architecture. It will be a timely read, coinciding with the launching of the BRICS Development Bank.'--Eric Girardin, Aix-Marseille School of Economics, France; former member of the Asian Development Bank Institute Advisory Council'This edited volume makes a distinctive contribution to the literature on financial crises.'--Linda Low, Journal of Southeast Asian Economies

• Contents:Preface1. Asian Perspectives on the Evolving Global ArchitectureMasahiro Kawai, Peter J. Morgan and Pradumna B. Rana2. From a Centralized to a Decentralized Global Economic Architecture: An OverviewPradumna B. Rana3. The Group of Twenty: Input and Output Legitimacy, Reforms and Agenda Andrew F. Cooper 4. Enhancing the Effectiveness of CMIM and AMRO: Challenges and TasksReza Siregar and Akkharaphol Chabchitrchaidol5. Financial Safety Nets in Asia: Genesis, Evolution, Adequacy and Way Forward Hal Hill and Jayant Menon 6. Regional Financial Regulation in AsiaMasahiro Kawai and Peter J. Morgan 7. Evolving Trade Policy Architecture and FTAs in AsiaMasahiro Kawai and Ganeshan Wignaraja8. The Emerging “Post-Doha” Agenda and the New Regionalism in the Asia-PacificMichael G. Plummer9. The World Bank and the Asian Development Bank: Should Asia Have Both?Vikram Nehru10. World Bank, Inter-American Development Bank, and Subregional Development Banks in Latin America: Dynamics of a System of Multilateral Development BanksFernando Prada Index

Edited by Masahiro Kawai, Project Professor, Graduate School of Public Policy, the University of Tokyo, Japan, Peter J. Morgan, Principal Consultant, PJM Consulting, Georgia, USA and Pradumna B. Rana, Associate Professor, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore

'The spectacular rise in Asian economies has reshuffled the distribution of world economic power, while the Global Financial Crisis brought it to the fore. The global economic and financial architecture, inherited from World War II, has not responded to such changes. Focusing mainly on financial and partly on trade issues, this book provides a welcome perspective from seasoned Asia experts on the prospective benefits of a new, more decentralized and regionalized architecture. It will be a timely read, coinciding with the launching of the BRICS Development Bank.'--Eric Girardin, Aix-Marseille School of Economics, France; former member of the Asian Development Bank Institute Advisory Council'This edited volume makes a distinctive contribution to the literature on financial crises.'--Linda Low, Journal of Southeast Asian Economies

• Contents:Preface1. Asian Perspectives on the Evolving Global ArchitectureMasahiro Kawai, Peter J. Morgan and Pradumna B. Rana2. From a Centralized to a Decentralized Global Economic Architecture: An OverviewPradumna B. Rana3. The Group of Twenty: Input and Output Legitimacy, Reforms and Agenda Andrew F. Cooper 4. Enhancing the Effectiveness of CMIM and AMRO: Challenges and TasksReza Siregar and Akkharaphol Chabchitrchaidol5. Financial Safety Nets in Asia: Genesis, Evolution, Adequacy and Way Forward Hal Hill and Jayant Menon 6. Regional Financial Regulation in AsiaMasahiro Kawai and Peter J. Morgan 7. Evolving Trade Policy Architecture and FTAs in AsiaMasahiro Kawai and Ganeshan Wignaraja8. The Emerging “Post-Doha” Agenda and the New Regionalism in the Asia-PacificMichael G. Plummer9. The World Bank and the Asian Development Bank: Should Asia Have Both?Vikram Nehru10. World Bank, Inter-American Development Bank, and Subregional Development Banks in Latin America: Dynamics of a System of Multilateral Development BanksFernando Prada Index

Edited by Masahiro Kawai, Project Professor, Graduate School of Public Policy, the University of Tokyo, Japan, Peter J. Morgan, Principal Consultant, PJM Consulting, Georgia, USA and Pradumna B. Rana, Associate Professor, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore

'The spectacular rise in Asian economies has reshuffled the distribution of world economic power, while the Global Financial Crisis brought it to the fore. The global economic and financial architecture, inherited from World War II, has not responded to such changes. Focusing mainly on financial and partly on trade issues, this book provides a welcome perspective from seasoned Asia experts on the prospective benefits of a new, more decentralized and regionalized architecture. It will be a timely read, coinciding with the launching of the BRICS Development Bank.'--Eric Girardin, Aix-Marseille School of Economics, France; former member of the Asian Development Bank Institute Advisory Council'This edited volume makes a distinctive contribution to the literature on financial crises.'--Linda Low, Journal of Southeast Asian Economies

• Contents:Preface1. Asian Perspectives on the Evolving Global ArchitectureMasahiro Kawai, Peter J. Morgan and Pradumna B. Rana2. From a Centralized to a Decentralized Global Economic Architecture: An OverviewPradumna B. Rana3. The Group of Twenty: Input and Output Legitimacy, Reforms and Agenda Andrew F. Cooper 4. Enhancing the Effectiveness of CMIM and AMRO: Challenges and TasksReza Siregar and Akkharaphol Chabchitrchaidol5. Financial Safety Nets in Asia: Genesis, Evolution, Adequacy and Way Forward Hal Hill and Jayant Menon 6. Regional Financial Regulation in AsiaMasahiro Kawai and Peter J. Morgan 7. Evolving Trade Policy Architecture and FTAs in AsiaMasahiro Kawai and Ganeshan Wignaraja8. The Emerging “Post-Doha” Agenda and the New Regionalism in the Asia-PacificMichael G. Plummer9. The World Bank and the Asian Development Bank: Should Asia Have Both?Vikram Nehru10. World Bank, Inter-American Development Bank, and Subregional Development Banks in Latin America: Dynamics of a System of Multilateral Development BanksFernando Prada Index