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Asia and the Reform of Global Governance
Author(s) -
KAHLER Miles
Publication year - 2010
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/j.1748-3131.2010.01160.x
Subject(s) - corporate governance , status quo , economic governance , leverage (statistics) , pessimism , spillover effect , economics , global governance , regionalism (politics) , economic system , development economics , political science , market economy , democracy , politics , macroeconomics , philosophy , finance , epistemology , machine learning , computer science , law
Asia's growing economic weight in the world economy is unlikely to produce substantial changes in global economic governance. National economic capabilities are not easily translated into influence over governance outcomes or institutions. Governments must deploy strategies of engagement with key institutions; incumbent powers will attempt counterstrategies. Coalition‐building within and outside the region confronts substantial obstacles that reduce Asia's bargaining leverage. Asian preferences over institutional design and policies are unlikely to diverge from the status quo. A more pessimistic scenario includes resistance to global surveillance, spillover from other issue‐areas, and defensive regionalism that undermines global institutions.