If you're engrossed by international economics and want insight into how major industrial nations can impact global prosperity, this book dives into that. It critically examines the Group of Seven's historical significance and suggests practical steps for future economic stability, making it a compelling read for anyone interested in economic policy, financial crises management, and the intricacies of international monetary systems.

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The decline of the dollar, the Mexican crisis, and sluggish global growth reveal the failure of the Group of Seven industrial nations to provide effective management of the world economy. The G-7 once played this crucial role effectively, and must do so again if future crises are to be averted and global prosperity to be promoted. This study assesses the G-7's record and the reasons for its demise. It outlines an action program that includes reforming the exchange rate regime, creating a new financial facility at the IMF to deal with crises sparked by private capital flows, and instituting an early warning system to prevent serious new disruptions in the world economy

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