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We are now in the era of the G8, although the G7 still exists as a grouping for Finance Ministers. Why do G7 finance ministries and central banks co-operate? What are the implications of this co-operation for US power and the abilities of the other six states to exercise leadership? What role do the G7 play in global financial governance? How much authority do they possess and how is that authority exercised? This is the first major monograph on the political economy of G7 finance ministry and central bank co-operation. It argues that to understand the contribution of the G7 to global financial governance it is necessary to locate the process in the context of a wider world financial order comprised of decentralized globalization. It also provides original case study material on the G7's contribution to macroeconomic governance and to debates on the global financial architecture over the last decade. It assesses the G7's role in producing a system of global financial governance based on market supremacy and technocratic transgovernmental consensus and articulates normative criticisms of the G7's exclusivity. For researchers in the fields of IR/IPE generally, postgraduate students in the field of international organization and global governance, policy makers and financial journalists this is the most extensive analysis of the G7 and the political economy of global financial governance to date.

We are now in the era of the G8, although the G7 still exists as a grouping for Finance Ministers. Why do G7 finance ministries and central banks co-operate? What are the implications of this co-operation for US power and the abilities of the other six states to exercise leadership? What role do the G7 play in global financial governance? How much authority do they possess and how is that authority exercised? This is the first major monograph on the political economy of G7 finance ministry and central bank co-operation. It argues that to understand the contribution of the G7 to global financial governance it is necessary to locate the process in the context of a wider world financial order comprised of decentralized globalization. It also provides original case study material on the G7's contribution to macroeconomic governance and to debates on the global financial architecture over the last decade. It assesses the G7's role in producing a system of global financial governance based on market supremacy and technocratic transgovernmental consensus and articulates normative criticisms of the G7's exclusivity. For researchers in the fields of IR/IPE generally, postgraduate students in the field of international organization and global governance, policy makers and financial journalists this is the most extensive analysis of the G7 and the political economy of global financial governance to date.

• "Young Women Occupying the Same Sleeping Apartment Reported Stricken."• The eight women are war workers and were sleeping all in the same room.• The doctor attending them says no amount of care will help stop the disease from spreading until the overcrowding problem is addressed• The doctor who reported the cases: "The afflicted can't be isolated because there is no place in which to isolate them. Every house and every apartment appears to be crowded to the limit, many rooms occupied by a half dozen or more persons."• Thousands are leaving the city because of the epidemic; will not necessarily escape the disease but will be at home with families when it hits• To replace those leaving, the government will have a great expense but some departments are thinking it better to keep certain work out of the capital anyway ; Newspaper article ; 9

This paper examines the nature & scope of activities of the Group of Seven (G7). The G7 is a process, not an institution. It has no "home," no secretariat, & no legal status; it is simply a regular cycle of informal meetings & interactions among representatives of the central banks & finance ministries of Canada, France, Germany, Italy, Japan, the UK, & the US. Yet despite this lack of tangibility, the G7 is considered by the global public (in particular, as represented by the major international nongovernmental organizations) & the academic community as a crucial agent of economic governance. The author examines the historical evolution of the G7 as a regularized multilateral process; the functions, power, & distinctive characteristics of the G7 process; & the implications of changes over time in the G7's agenda & activities for its global role & authority. It is argued that fundamental changes in the G7 are needed -- in its name, since it should evolve beyond country membership; but also in the range of its constituencies, which should extend to other than just financial institutions. Such major reforms, though unlikely, would be truly momentous. S. Stanton

This report discusses the evolution of the G8 and possible reform as background for the meeting