Trade multilateralism in the twenty-first-century century faces a serious test as weakness in the global economy and fast-paced technological changes create a challenging environment for world trade. This book examines how an updated and robust, rules-based multilateral framework, anchored in...

PART ONE. PRINCIPLES OF GLOBAL GOVERNANCE --. - 1. G-20 Summit at Five : time for strategic leadership / Kemal Dervis and Peter Drysdale --. - PART TWO. MANAGING THE G-20. Adapting to the new normal : the G-20 and the advanced economies five years after Washington / Paola Subacchi --. - 3. The...

We use a dynamic game model of a two-country monetary union to study the impacts of an exogenous fall in aggregate demand, the resulting increase in public debt, and the consequences of a sovereign debt haircut for a member country or bloc of the union. In this union, the governments of...

I develop a model of R&D cooperation with uncertain research outcomes. In this model asymmetric outcomes of R&D competition emerge naturally. Therefore ex-ante and ex-post R&D cooperation can be studied as alternatives for firms. Using this model I compare welfare losses under ex-ante and...