Conclusion: Decentralizing Global Economic Governance

Abstract

This chapter concludes the book, synthesizing the preceding evidence and presenting the core claims. The ‘analytical matrix’, focusing on the evidence of decentralizing strategic, political, and cognitive authority among the organization, policymaking, and actors that constitute the global economic architecture, provides important evidence for this chapter. It emphasizes the broad effects of decentralizing authority in global economic governance. This indicates, for example, how the policy areas of global governance analyzed here have been strengthened or adjusted since the GFC. It also demonstrates the importance of strategic, political, and cognitive authority for these shifts. This study is useful for those who want to understand better the contemporary significance of global economic governance, prospects for further cooperation, and some of the key challenges to the global economic architecture.