Global governance at a crossroads: an analysis of the current financial crisis

'The financial market crisis has since left the virtual financial markets and has lead to an economic downturn. After the experience of past financial crises, a deep and long-lasting recession is imminent. The global political and economic crisis is at the forefront of political priorities. In addition, abandoning long-term investments in research and development, infrastructure, climate protection, energy and food security should have a fatal effect. However, given the international context of markets and policies, national approaches will not lead to the goal. This applies to fiscal and monetary policy for immediate crisis management as well as to all longer-term measures in the field of international politics. Against this background, the study analyzes the situation in key markets and key policy fields. The following questions are central: 1. What are the consequences of the financial market crisis for the US, the EU, China, India, Russia, Brazil, Mexico, the states of the Gulf Cooperation Council and South Africa? What countermeasures have these countries taken to date? And what ideas about the reform of “global economic governance” dominate in them? 2. What implications does the financial market crisis have for financial policy, trade policy, energy markets, food supply, climate protection and European integration? '(author’s abstract) Synopsis: Stormy Mildner: USA - pragmatic crisis management intensifies conflict of goals (15-20); Jutta Frasch: The financial crisis: a wake-up call for the EU (21-26); Hanns Günther Hilpert: China - Domino or emergency anchor of the global economy? (27-31); Hanns Günther Hilpert, Christian Wagner: India - back to the Hindu growth rate? (32-36); Ognian N. Hishow: Russia - blessing and curse of wealth of resources (37-41); Caroline Silva-Garbade, Claudia Zilla: Brazil - high level jazz (42-46); Günther Maihold: Mexico - cold or pneumonia? (47-51); Eckart Woertz: Gulf Cooperation Council - with oil upholstery in crisis (52-56); Gero Erdmann: South Africa - rock in the flood of crisis? (57-64); Heribert Dieter: The future shaping of international financial relations (65-71); Christina Langhorst, Stormy Mildner: Financial crisis and world trade: the conclusion of the Doha Round could give an important impetus (72-79); Kirsten Westphal: From the financial crisis to the energy crisis? (80-85); Bettina Rudloff: How the financial crisis is turning the food crisis into a hunger crisis (86-92); Susanne Dröge: Climate policy in