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Year 2014, Volume: 19 Issue: 4, 137 - 167, 01.01.2014

Abstract

References

  • Kemal Derviş and Homi Kharas, “Introduction: New Challenges for the Global Economy, New Uncertainties for the G20”, Think Tank 20:2012 Report, p. 3.
  • Geoffrey Underhill, “Conceptualizing the Changing Global Order”, in Richard Stubbs and Geoffrey Underhill (eds.), Political Economy and the Changing Global Order, Basingstoke, Macmillan, 1994, p. 21; Immanuel Wallerstein, The Capitalist World Economy, Cambridge, Cambridge University Press, 1979, p. 273; Robert Gilpin, The Political Economy of Interna- tional Relations, Princeton, Princeton University Press, 1987, p. 11.
  • Joseph S. Nye, The Paradox of American Power, Oxford, Oxford University Press, 2002, p. 39.
  • John Gerard Ruggie, “International Regimes, Transactions and Change: Embedded Liberalism in the Postwar Economic Order”, International Organization, Vol. 36, No. 2 (1982), pp. 379-415.
  • John Kirton, “The G20 System Still Works: Better Than Ever”, Caribbean Journal of Interna- tional Relations and Diplomacy, Vol. 2, No. 3 (September 2014), p. 44.
  • Ahmet Faruk Aysan, Fatih Ulu and Sadık Ünay, “Post-Crisis Shifts in Macroeconomic Man- agement and Central Banking: Could Consumption Planning Emerge as a Macro-Prudential Tool”, in Murat Yülek (ed.) Economic Planning and Industrial Policy in the Globalizing Econ- omy, Springer, New York, 2014, pp. 355-377.
  • Benjamin J. Cohen, “The Macro Foundations of Monetary Power”, in David Andrews (ed.) International Monetary Power, Ithaca, New York, Cornell University Press, 2006, pp. 31- 50.
  • Derviş and Kharas, “Introduction: New Challenges for the Global Economy, New Uncer- tainties for the G20”, p. 2.
  • Barry Eichengreen, Globalizing Capital: A History of the International Monetary System, Sec- ond Edition, Princeton, Princeton University Press, 2008; Michael Bordo and Marc Flan- dreau, “Core, Periphery, Exchange Rate Regimes and Globalization”, Working Paper 8584, Cambridge, MA, National Bureau of Economic Research, 2001, p. 45.
  • Paul Dicken, Global Shift: The Internationalization of Economic Activity, London: Paul Chap- man, 1992; “A New Geo-Economy”, in David Held and Andrew McGrew (eds.) The Global Transformations Reader, Cambridge, Polity, 2002, pp. 251-264.
  • Robert Keohane and Joseph Nye, “Power and Interdependence in the Information Age”, Foreign Affairs, Vol. 77, No. 5 (1998), p. 81.
  • John Kirton, “Growing G20 Governance for a Globalized World”, Global Review, No. 5 (2013), pp. 43-60.
  • James Haley, “Stronger Hopes and Renewed Fears: The Governance Legacy of the Global Fi- nancial Crisis”, New Challenges for the Global Economy, New Uncertainties for the G20, Think Tank 20 2012 Report, p. 18.
  • Power and Bridge Builder”, Studia Diplomatica, Vol. 63, No.2 ( 2010), p. 126.
  • In the recent Turkish case, this figure has been Mr. Ali Babacan, who acted as the Coordinat- ing Economy Minister in successive AK Party governments since 2002 and was perceived as a trustworty policy maker by international financial circles.
  • Ambassador Mrs. Ayşe Sinirlioğlu, Deputy Undersecretary of the Ministry of Foreign Affairs, is acting as the Sherpa during Turkey’s Presidency during 2015.
  • http://www.dailysabah.com/politics/2014/11/14/upcoming-g20-leader-davutoglu-says- countries-with-lower-income-will-have-higher-voice (last visited 1 July 2015).
  • http://www.imf.org/external/np/exr/facts/quotas.htm (last visited 1 July 2015).
  • Mehmet Babacan and Nurullah Gür, “Finansal Oryantalizmin Keşif Kolu olarak Kredi De- recelendirme Kuruluşları” (Credit Rating Agencies as the Pioneers of Financial Orientalism), SETA Perspective, No.66, September 2014. at http://setav.org/tr/finansal-oryantalizmin-kes- if-kolu-olarak-kredi-derecelendirme-kuruluslari /perspektif/17414 (last visited 1 July 2015).
  • Lesage and Kacar, “Turkey’s Profile in the G-20”, p. 135.

Transformation Trajectory of the G20 and Turkey's Presidency: Middle Powers in Global Governance

Year 2014, Volume: 19 Issue: 4, 137 - 167, 01.01.2014

Abstract

This study presents a theoretically informed account of the institutional evolution of the G20 since its foundation in the aftermath of the Asian financial crisis in 1997. In so doing, it highlights the strategic intentions of the BushObama administrations in the U.S. and their counterparts in Europe to design and empower the G20; as well as the reactions of the major emerging powers who saw the G20 as a platform to challenge the status quo from within, and “middle powers” trying to intermediate in between. Afterwards, the main items of Turkey’s political and economic agenda as the rotating president of the G20 in 2015 are highlighted. In this context, the respective position of the G20 within the global governance architecture and Turkey’s demands to include issues such as energy, food security, development of small and medium sized enterprises SMEs and institutional links with the least developed countries LDCs will be taken under the spotlight

References

  • Kemal Derviş and Homi Kharas, “Introduction: New Challenges for the Global Economy, New Uncertainties for the G20”, Think Tank 20:2012 Report, p. 3.
  • Geoffrey Underhill, “Conceptualizing the Changing Global Order”, in Richard Stubbs and Geoffrey Underhill (eds.), Political Economy and the Changing Global Order, Basingstoke, Macmillan, 1994, p. 21; Immanuel Wallerstein, The Capitalist World Economy, Cambridge, Cambridge University Press, 1979, p. 273; Robert Gilpin, The Political Economy of Interna- tional Relations, Princeton, Princeton University Press, 1987, p. 11.
  • Joseph S. Nye, The Paradox of American Power, Oxford, Oxford University Press, 2002, p. 39.
  • John Gerard Ruggie, “International Regimes, Transactions and Change: Embedded Liberalism in the Postwar Economic Order”, International Organization, Vol. 36, No. 2 (1982), pp. 379-415.
  • John Kirton, “The G20 System Still Works: Better Than Ever”, Caribbean Journal of Interna- tional Relations and Diplomacy, Vol. 2, No. 3 (September 2014), p. 44.
  • Ahmet Faruk Aysan, Fatih Ulu and Sadık Ünay, “Post-Crisis Shifts in Macroeconomic Man- agement and Central Banking: Could Consumption Planning Emerge as a Macro-Prudential Tool”, in Murat Yülek (ed.) Economic Planning and Industrial Policy in the Globalizing Econ- omy, Springer, New York, 2014, pp. 355-377.
  • Benjamin J. Cohen, “The Macro Foundations of Monetary Power”, in David Andrews (ed.) International Monetary Power, Ithaca, New York, Cornell University Press, 2006, pp. 31- 50.
  • Derviş and Kharas, “Introduction: New Challenges for the Global Economy, New Uncer- tainties for the G20”, p. 2.
  • Barry Eichengreen, Globalizing Capital: A History of the International Monetary System, Sec- ond Edition, Princeton, Princeton University Press, 2008; Michael Bordo and Marc Flan- dreau, “Core, Periphery, Exchange Rate Regimes and Globalization”, Working Paper 8584, Cambridge, MA, National Bureau of Economic Research, 2001, p. 45.
  • Paul Dicken, Global Shift: The Internationalization of Economic Activity, London: Paul Chap- man, 1992; “A New Geo-Economy”, in David Held and Andrew McGrew (eds.) The Global Transformations Reader, Cambridge, Polity, 2002, pp. 251-264.
  • Robert Keohane and Joseph Nye, “Power and Interdependence in the Information Age”, Foreign Affairs, Vol. 77, No. 5 (1998), p. 81.
  • John Kirton, “Growing G20 Governance for a Globalized World”, Global Review, No. 5 (2013), pp. 43-60.
  • James Haley, “Stronger Hopes and Renewed Fears: The Governance Legacy of the Global Fi- nancial Crisis”, New Challenges for the Global Economy, New Uncertainties for the G20, Think Tank 20 2012 Report, p. 18.
  • Power and Bridge Builder”, Studia Diplomatica, Vol. 63, No.2 ( 2010), p. 126.
  • In the recent Turkish case, this figure has been Mr. Ali Babacan, who acted as the Coordinat- ing Economy Minister in successive AK Party governments since 2002 and was perceived as a trustworty policy maker by international financial circles.
  • Ambassador Mrs. Ayşe Sinirlioğlu, Deputy Undersecretary of the Ministry of Foreign Affairs, is acting as the Sherpa during Turkey’s Presidency during 2015.
  • http://www.dailysabah.com/politics/2014/11/14/upcoming-g20-leader-davutoglu-says- countries-with-lower-income-will-have-higher-voice (last visited 1 July 2015).
  • http://www.imf.org/external/np/exr/facts/quotas.htm (last visited 1 July 2015).
  • Mehmet Babacan and Nurullah Gür, “Finansal Oryantalizmin Keşif Kolu olarak Kredi De- recelendirme Kuruluşları” (Credit Rating Agencies as the Pioneers of Financial Orientalism), SETA Perspective, No.66, September 2014. at http://setav.org/tr/finansal-oryantalizmin-kes- if-kolu-olarak-kredi-derecelendirme-kuruluslari /perspektif/17414 (last visited 1 July 2015).
  • Lesage and Kacar, “Turkey’s Profile in the G-20”, p. 135.
There are 20 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Sadık Ünay

Publication Date January 1, 2014
Published in Issue Year 2014 Volume: 19 Issue: 4

Cite

APA Ünay, S. (2014). Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance. PERCEPTIONS: Journal of International Affairs, 19(4), 137-167.
AMA Ünay S. Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance. PERCEPTIONS. January 2014;19(4):137-167.
Chicago Ünay, Sadık. “Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance”. PERCEPTIONS: Journal of International Affairs 19, no. 4 (January 2014): 137-67.
EndNote Ünay S (January 1, 2014) Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance. PERCEPTIONS: Journal of International Affairs 19 4 137–167.
IEEE S. Ünay, “Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance”, PERCEPTIONS, vol. 19, no. 4, pp. 137–167, 2014.
ISNAD Ünay, Sadık. “Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance”. PERCEPTIONS: Journal of International Affairs 19/4 (January 2014), 137-167.
JAMA Ünay S. Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance. PERCEPTIONS. 2014;19:137–167.
MLA Ünay, Sadık. “Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance”. PERCEPTIONS: Journal of International Affairs, vol. 19, no. 4, 2014, pp. 137-6.
Vancouver Ünay S. Transformation Trajectory of the G20 and Turkey’s Presidency: Middle Powers in Global Governance. PERCEPTIONS. 2014;19(4):137-6.