Global economic architecture

This page provides an introduction to global economic architecture, exploring the drivers, consequences, and implications of economic globalization on countries, companies, and individuals.

The evolution of the global economic architecture is driven by the need to adapt to a changing world, with challenges arising from shifts in economic power and the outdated policies of international economic institutions. Efforts have been made to reform and decentralize the architecture, with the rise of forums like the G20 and regional initiatives complementing the role of global institutions like the IMF and WTO.

International politics and the global economy are closely linked to the idea of hegemonic stability, which argues that a dominant world power is critical in upholding international rules and providing public goods. This material examines the characteristics and responsibilities of a hegemonic power and evaluates China, the United States, and the European Union as contenders for global economic hegemony.

This page provides an introduction to international economics, covering topics such as international trade theory, patterns of trade, trade policy, international finance, and the role of international trade organizations.

The rise of the European Union as a global economic giant has transformed the global economic landscape, with its significant trading power, economic influence, and capacity for global integration. This pages explores the historical context, the development of economic unions in Europe, and the EU's role as a major player in international development and trade.

The global financial system has evolved significantly since the establishment of the Bretton Woods system in the 20th century. This page explores the history, challenges, and impact of the fixed exchange rate system, financial globalization, and integrated markets.