Publication
Oct 2012
The 2008 financial crisis provided a severe "stress test" for global economic governance. This paper argues that although some suboptimal policy decisions were made to deal with the crisis, international institutions and frameworks performed contrary to expectations -- i.e., they responded to the crisis in a 'robust' way, thereby ensuring the continuation of an open global economy.
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English (PDF, 25 pages, 649 KB) |
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Author | Daniel W Drezner |
Series | CFR Working Papers |
Publisher | Council on Foreign Relations (CFR) |
Copyright | © 2012 Council on Foreign Relations (CFR) |