761. From G7 To G8: Evolution, Role and Documentation of a Unique Institution
- Author:
- Peter I. Hajnal
- Publication Date:
- 04-1998
- Content Type:
- Working Paper
- Institution:
- Columbia International Affairs Online
- Abstract:
- As the next millennium approaches, the international community faces the fundamental challenge of devising at the global level mechanisms for governance to reinforce, and at times replace, those that have operated effectively for several centuries at the national level. The end of the cold war has substantially eliminated a world divided among a democratic west, communist east and non-aligned south, highlighted a host of new transnational, human security priorities and led to the demise of the self-contained "national security" state. The advent of globalization in finance, investment, trade, production and communication has led many national economies to be integrated into a single global economy, whose healthy functioning is increasingly vital to the well being of citizens even in large, advanced industrial economies such as the United States and Japan. Finally, new openness and technology have meant that many issues once dealt with primarily as a part of domestic politics - supervising banking systems, protecting the environment, combating organized crime, drugs and disease, ensuring nuclear safety, and creating employment, have now come to require collective international action for their effective accomplishment.
- Topic:
- International Organization and International Political Economy
- Political Geography:
- United States, Japan, and Europe