Wyzwania dla globalnego zarządzania gospodarczego 10 lat po kryzysie finansowym 2007–2008
The challenges for global economic governance ten years after the 2007–2008 financial crisis

Author(s): Karina Jędrzejowska, Karina Jędrzejowska, Anna Wróbel
Subject(s): Politics / Political Sciences, Politics, Political Theory, Political Sciences, Governance, Government/Political systems, International relations/trade
Published by: Wydawnictwo Naukowe Scholar Sp. z o.o.
Keywords: Global Economic Governance; International Monetary Fund; Financial Stability Board; World Economic Forum; Word Trade Organization; free trade and protectionism; Globalization 4.0
Summary/Abstract: The paper presents an overview of the changes in the global economy since 2017.Consecutive sections deal with the analysis of economic indicators and challengesfaced by Global Economic Governance in its particular dimensions: trade, finance,and development. In spite of a moderately positive condition of the global economyin the last two years, the current situation cannot be considered as fully stable. Thisapplies both to economic output and the future of the global economic order. Inevery dimension of Global Economic Governance, there is a significant rift betweenthe efforts to promote multilateral solutions and individual actions taken by somestates. In case of the global trade system, the major concern constitute the risingprotectionism and the threat of trade conflicts, as well as the growing dysfunctionof the World Trade Organization (WTO). The recurring issue for global financialsystem remains its reform. In terms of global development cooperation, progresshas been made towards eliminating poverty, yet simultaneously income inequalitiesare on the rise. Moreover, in spite of the ongoing reform of development finance,the current system is incapable of meeting the needs of sustainable development andinclusive growth.

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