Liberal theory, liberal context and the G20
Journal: Edward Elgar Publishing eBooks
Year: 2019

This chapter considers the role of liberal leadership and informal institutions like the G20 in operation of the liberal international order (LIO). The LIO arose with and nurtured the rise of liberal economic and political forces that emerged in the West during the Cold War and then expanded globally. The institutional mechanisms created to advance prosperity and maintain stability were principally formal in nature: the Bretton Woods and United Nations institutions, the International Monetary Fu