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Full Description
This comprehensive Companion reviews the diverse challenges and successes faced by the G7 members over the last 50 years, and assesses the uncertain future of the organisation. Using a diverse range of methodologies, analytical work, and personal perspectives, it discusses how the G7 has been an important actor in terms of policy coordination, responding to global crises and attempting to mitigate problems in developing countries.
Emphasising that the G7 has continually been in a state of structural transformation, expert contributors explore the group's history, before exploring the political economy of its policy formulation. They cover a wide range of topics including macroeconomic dialogue, sanctions, exchange rates, trade, debt relief, energy, climate change, agriculture, gender equality and health. Chapters also engage with the group's external relations, focussing on interactions with Africa, China, and Russia. The Companion looks ahead to the future of the G7, dealing in particular with current and emerging issues in geoeconomics and geopolitical relations.
The Elgar Companion to the G7 is an invaluable resource for scholars of political science, economics, international relations and law. Policymakers, journalists, think tanks and businesses working on international economic issues will also benefit from the book's theoretical and practical insights.
Contents
Contents
1 Introducing The Elgar Companion to the G7: 50 years of the G7 - is it a
time to take stock and celebrate (modestly)? 1
Peter Draper and Andreas Freytag
PART I HISTORY OF THE G7
2 The birth of the G7 at Rambouillet in 1975 13
Peter Hajnal
3 From G7 to G8 and back 28
John Kirton
4 The rise and decline of the First Informal: the changing character of the
G7 summit 49
Alan S. Alexandroff
PART II POLITICAL ECONOMY OF G7 POLICY FORMULATION
5 Group of Seven (G7) macroeconomic dialogue 65
Paola Subacchi
6 Sanctions as instruments of statecraft 79
Maarten Smeets
7 Exchange rate policies of the G7 97
Rolf J. Langhammer
8 The G7 and trade 108
Stephen Woolcock
9 Debt relief and the G7: a retrospective 124
Carlos A. Primo Braga
10 The G7 in Global Energy Governance 141
Andreas C. Goldthau
11 The G7 and climate change 153
Steffen Bauer, Clara Brandi and Mariya Aleksandrova
12 Agriculture and food security at the G7 174
Bettina Rudloff
13 The G7 and gender equality 200
Alma Wisskirchen and Sören Hilbrich
14 The G7 and health 214
Timo Ulrichs
PART III THE G7'S EXTERNAL RELATIONS
15 The G7 and Russia 232
Natalya Volchkova
16 China and the G7 244
Chris Alden and Kenddrick Chan
17 The G7, G20 and BRICS: the role of international organisations 259
Vera Thorstensen, Catherine Rebouças Mota, Mauro Kiithi Arima Jr,
Fábio Thomazella, Tiago Megale and Matteo Taverna
18 The G7's impact on African economic development 285
Moritz Wolf
PART IV WHAT FUTURE FOR THE G7 IN A CHANGING WORLD?
19 International economic cooperation 302
Ken Ash and Anthony Cox
20 Geopolitics, geoeconomics, and the G7: Russia, China, Iran, and the future
of the G7 alliance 319
Annika Mildner, Claudia Schmucker and Avi Shapiro
21 The G7 and transboundary crises: on the rise and fall of a global crisis
manager 350
Steve Biedermann, Christian Kreuder-Sonnen and Philip M. Tantow
22 The diminishing importance of the G7: permanent or temporary? 363
Axel Berger
Epilogue: the uncertain future of the G7 in an increasingly transactional world 375
Peter Hajnal, Peter Draper and Andreas Freytag
