Junichi Takase - New Directions in Global Political Governance: The G8 and International Order in the Twenty-First Century

Series Editor: John J. Kirton

The G8 and Global Governance Series explores the issues, the institutions, and the strategies of the participants in the G8 network of global governance, and other actors, processes, and challenges that shape global order in the twenty-first century. Many aspects of globalisation, once considered domestic, are now moving into the international arena, generating a need for broader and deeper international co-operation and demanding new centres of leadership to revitalise, reform, reinforce, and even replace the galaxy of multilateral institutions created in 1945. In response, the G8, composed of the worlds major market democracies, including Russia and the European Union, is emerging as an effective source of global governance. The G8 and Global Governance Series focusses on the new issues at the centre of global governance, covering topics such as finance, investment, and trade, as well as transnational threats to human security and traditional and emerging political and security challenges. The series examines the often invisible network of G8, G7, and other institutions as they operate inside and outside established international systems to generate desired outcomes and create a new order. It analyses how individual G8 members and other international actors, including multinational firms, civil society organisations, and other international institutions, devise and implement strategies to achieve their preferred global order.

Edited by John J. Kirton and George M. von Furstenberg

ISBN0754616983

Edited by Hall Gardner and Radoslava Stefanova

ISBN 0754617807

Edited by John J. Kirton, Joseph P. Daniels and Andreas Freytag

ISBN 0754615022

Edited by Karl Kaiser, John J. Kirton and Joseph P. Daniels

ISBN 0754614123

Nicholas Bayne

ISBN 075461185 X

Peter I. Hajnal

ISBN 184014 776 8

Edited by Michael R. Hodges, John J. Kirton and Joseph P. Daniels

ISBN 1840147741

First published 2002 by Ashgate Publishing

Published 2016 by Routledge

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Copyright John J. Kirton and Junichi Takase 2002

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New directions in global political governance : the G8 and

international order in the twenty-first century. - (The G8

and global governance series)

1. Group of Eight (Organization) 2. International

organization 3. World politics - 21 st century

I. Kirton, John J. II. Takase, Junichi

327.1

ISBN 13: 978-0-7546-1833-1 (hbk)

ISBN 13: 978-1-138-27779-3 (pbk)

Robert Clarke Fauver joined the U.S. Department of the Treasury in 1970, where he served as International Economist, Director of the Office of Industrial Nations and Global Analysis, Staff Director of Yen-Dollar Negotiations of Financial Markets, and Staff Director of Financial Services Negotiations for the United States-Canada Free Trade Agreement.

In 1989, Fauver moved to the State Department as Deputy Assistant Secretary for East Asia and the Pacific, then U.S. Coordinator for Asian-Pacific Economic Cooperation (APEC), and finally Deputy Undersecretary of State for Economic Affairs.

From 1993 to 1994, he served at the White House as Special Assistant to the President and Senior Director for International and National Economic Affairs, National Security Council and National Economic Council, and as G7 Sherpa, the personal representative of the President to the annual summits.

In 1995, Fauver moved to the National Intelligence Council as National Intelligence Officer for Economics. Returning to the State Department in 1998, he served as India-Pakistan Coordinator and Senior Adviser to the Undersecretary for Economic Affairs. He retired from public service in 2000.

During his career, Fauver advised President Bill Clinton on international economic and financial policies, including annual G7 summits, financial market issues such as the Mexican crisis, Russian strategy, the International Monetary Fund, and the World Bank, and helped to create the first G7 jobs summit. As Staff Director for the U.S. Treasury, he designed the 1985 Plaza Accord, which co-ordinated the realignment of exchange rates among the G5 nations.

Fauver also negotiated the first APEC leaders meeting in Seattle in 1993, and crafted the leaders statement. As the first senior official appointed to the APEC process, he helped to solve the political problems associated with extending membership simultaneously to China, Taiwan, and Hong Kong.

Fauver also co-chaired the U.S.-Japan Structural Impediments Initiative, the first conceptual approach to trade and economic issues from a cross-sector, non-industry-specific perspective. He helped to design the first bilateral financial services agreement through the yen-dollar negotiations that led to the beginning of liberalisation and internationalisation of Tokyo financial markets. He also negotiated the financial services component of the U.S.-Canada Free Trade Agreement.