G20’s midlife crisis
The G20’s response to the economic crisis was effective, the expansion of its scope was logical. This week’s Summit in Argentina is an opportunity to build consensus and deliver on concrete economic policy design
The G20’s response to the economic crisis was effective, the expansion of its scope was logical. This week’s Summit in Argentina is an opportunity to build consensus and deliver on concrete economic policy design
The emergence of masala bonds as a funding vehicle for Indian companies can aid India’s geoeconomic goals. Most of them are listed in the London Stock Exchange. But is India leveraging fully the rupee’s internationalisation?
Experts at a recent conference on China’s Belt and Road Initiative, hosted in Istanbul, spoke of its many advantages to the region, but also on the challenges involved in attracting financing
The IMF spring meetings on April 21-23 will take place amidst good news of the global economy moving into a better position. But the underlying fundamentals are still weak both in advanced countries and emerging markets, with the risks considerable. Economic policy makers must recognise and address the challenges with global consensus and multilateral actions
In the wake of trade-based globalisation followed by financial globalisation, a large volume of capital began moving from developing to advanced countries. This has resulted in relatively poor developing countries effectively becoming net creditors to the rest of the world. Reversing this massive outflow of capital requires governments to strengthen governance in all its dimensions and have closer international collaboration to tighten the regulatory oversight of tax havens for greater transparency
China has launched the One Belt, One Road (OBOR) Initiative in an attempt to rebuild the ancient Silk Road with proposed land and sea routes to promote infrastructure, trade, and investment in the regions that it will thus connect. The challenge will be to attract private financing to support the official and multilateral ones
The incoming Trump administration is inheriting an economy that is on a strong recovery path. What are the challenges in sustaining this and what is emerging as the new administration’s growth agenda?
The global monetary and financial system is lopsided and designed to favour rich countries; an alternative economic and political doctrine, which takes into account the needs of emerging economies like India, must now be articulated to end this one-sided architecture
Global growth has become weaker than expected. Did the G20 at the Hangzhou Summit in September focus on reversing this trend and help build consensus in this direction?
At the G20 summit in Hangzhou, leaders are expected to discuss the potential for strengthening the international monetary system and the conditions under which SDR could play an important role in this regard. This is a step that is well overdue but will require a major leap in international policy coordination.