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       Published by

      World Scientific Publishing Co. Pte. Ltd.

      5 Toh Tuck Link, Singapore 596224

      USA office: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601

      UK office: 57 Shelton Street, Covent Garden, London WC2H 9HE

       Library of Congress Cataloging-in-Publication Data

      Names: Whalley, John, editor. | Agarwal, Manmohan, editor.

      Title: Economics of G20 : a world scientific reference (in 2 volumes) / editors, John Whalley, Western University, Canada, Manmohan Agarwal, Research and Information Systems for Developing Countries, India.

      Description: USA : World scientific, 2020. | Includes bibliographical references and index. | Contents: v. 1. Developing countries and the need for G20 -- v. 2. How developing countries can achieve sustainable development goals

      Identifiers: LCCN 2019052118 | ISBN 9789811214714 (set) | ISBN 9789811214745 (v. 1 ; hardcover) | ISBN 9789811214769 (v. 2 ; hardcover) | ISBN 9789811214752 (v. 1 ; ebook) | ISBN 9789811214776 (v. 2 ; ebook)

      Subjects: LCSH: Group of Twenty. | International economic relations. | Economic policy--International cooperation. | Group of Twenty countries--Foreign economic relations. | Group of Twenty countries--Economic policy.

      Classification: LCC HF1359 .E257 2020 | DDC 337.1--dc23

      LC record available at https://lccn.loc.gov/2019052118

       British Library Cataloguing-in-Publication Data

      A catalogue record for this book is available from the British Library.

      Copyright © 2020 by World Scientific Publishing Co. Pte. Ltd.

      All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the publisher.

      For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher.

      For any available supplementary material, please visit

      https://www.worldscientific.com/worldscibooks/10.1142/11678#t=suppl

      Desk Editors: Anthony Alexander/Sylvia Koh

      Typeset by Stallion Press

      Email: [email protected]

      Printed in Singapore

       To our students with their questioning spirit that has kept us fresh and interested

       About the Editors-in-Chief

      images John Whalley is a Professor of Economics at Western University, a Fellow of The Royal Society of Canada, Fellow of The Econometric Society, Foreign Member of the Russian Academy of Natural Sciences, Fellow of the Canadian Economics Association, Research Associate at the National Bureau of Economic Research (NBER), Coordinator of Global Economy Group at the CESifo (Germany) and Distinguished Fellow at the Centre for International Governance Innovation (CIGI, Canada). Professor Whalley is ranked No.1 in Canada among publishing economists in the RePEc rankings. He holds a BA in Economics from Essex University (1968), and an MA (1970), M.Phil (1971) and a Ph.D. (1973) from Yale University. He won the Hellmuth Prize for Achievement in Research, and also is the 2012 Killam Prize Winner.

      images Professor Manmohan Agarwal is the Reserve Bank Chair at the Centre for Development Studies at Thiruvananthapuram, Kerala, India. Earlier, he had retired as a professor from Jawaharlal Nehru University, New Delhi, India, where he taught for almost 30 years. Subsequently, he was a senior fellow at the CIGI at Waterloo, Canada, where he worked on issues of the world economy including the G20 and South–South cooperation. He is also a Senior Fellow at Research and Information Systems for Developing Countries, New Delhi, and an Adjunct Senior Fellow with the Institute of Chinese Studies. He also worked for a number of years at the World Bank and the International Monetary Fund. His research has been mainly in the area of International Economics and Development Economics.

       Acknowledgements

      Editor John Whalley would like to acknowledge the support of the China Policy and Research Group (CPRG) at the University of Western Ontario (Canada) for the participation of Chinese researchers in the project. CPRG acknowledges support from the Ontario Research Fund and Centre for International Governance Innovation (CIGI, Canada).

      The editor Manmohan Agarwal would like to acknowledge the support of his former colleagues at the School of International Studies, Jawaharlal Nehru University (India).

      The editors thank the staff at World Scientific Publishing, Anthony Alexander, Sylvia Koh, as well as Zvi Ruder for logistical and moral support. Special thanks to Dr. Jing Wang for her logistical and editorial support.

       Contents

       About the Editors-in-Chief

       Acknowledgements

       Introduction

       Part 1 State of the World Economy and the Role of the G20

      Chapter 1G20 and International Economic Coordination: Lessons from the Inter-War Years Manmohan Agarwal

      Chapter 2The Economic Situation of Countries in Sub-Saharan Countries: What Can Be Done by the G20? Manmohan Agarwal and Amrita Brahmo

      Chapter 3Latin America’s Economic Performance: What Ails It? Manmohan Agarwal and Amrita Brahmo

      Chapter 4What Realistically Can the G20 Contribute to Development? Manmohan Agarwal and John Whalley

      Chapter 5The 2008–2009 Crisis and Developing Countries Manmohan Agarwal and Adrita Banerjee

       Part 2 Country Perspectives

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