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"Concluding remarks: China-EUrelations in turbulent times: whichway forward?" [2012] ELECD 928; in Wouters, Jan; de Wilde, Tanguy; Defraigne, Pierre; Defraigne, Jean-Christophe (eds), "China, the European Union and Global Governance" (Edward Elgar Publishing, 2012)

Book Title: China, the European Union and Global Governance

Editor(s): Wouters, Jan; de Wilde, Tanguy; Defraigne, Pierre; Defraigne, Jean-Christophe

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781781004265

Section Title: Concluding remarks: China-EUrelations in turbulent times: whichway forward?

Number of pages: 6

Extract:

Concluding remarks: China­EU
relations in turbulent times: which
way forward?
Jan Wouters and Matthieu Burnay

This book began with two premises. On the one hand, it recognised the
formidable dynamic which is recalibrating the main institutions and
instruments of global governance in the light of shifting international
balances of power, and in particular the rise of China. On the other hand,
it put forward the central roles played by both China and the European
Union (EU) in this process. Both actors have indeed become key players in
any attempts to reform the international system. The main objective of this
volume was to cover the main dimensions of these global changes and to
understand the incentives, constraints and prospects that shape the actions
of China and the EU. The present concluding remarks aim to underline
the main findings made by the contributors as well as to formulate some
policy recommendations.


THE NECESSARY REFORM OF GLOBAL GOVERNANCE

Having considered very diverse bodies ranging from informal
coordination fora like the G20 and the BRICS to the well-established
Bretton Woods organisations, the importance of international institutions
as well as the necessity of reforming them becomes very clear. Moreover,
the cross-border nature of the most fundamental economic, political,
security and energy challenges and the ever-increasing interdependence of
states explain to a large extent why national decisions can often only
provide short-term and limited solutions. As an example, the economic
measures taken to boost many states' economies in the wake of ...


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