Courtesy: AP
The IMF warned at the G20 Summit, held last week-end, that the world economy was growing “too slow for too long” and the G20, as a group, needed to provide some clear answers. What did the Chinese G20 presidency achieve? And what will Germany have to look at in 2017?
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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.
China will be hosting the G20 Summit in Hangzhou on the 4-5 September 2016. Huang Wei, Director of Research, Department of Global Governance, IWEP-CASS, gave an interview on the sidelines of T20 Mumbai where she discussed how structural reforms can add energy to the world economy and help stabilise financial markets.
Courtesy: T20 China
The T20 Summit held in Beijing last week provided an opportunity for scholars, think tank representatives, and government officials to engage in meaningful discussion of global economic governance in preparation for the G20 summit in September. The summit's organisers and participants are now taking greater steps to produce more tangible and relevant policy options for the consideration of states worldwide, in the context of fostering global good.
Courtesy: Medium
A new phase of globalisation has begun, driven by the rise of digital flows. This phase brings about new questions for the WTO and other global economic and trade governance. A multilateral approach must balance protectionist sentiments along with a desires for digital openness.
Courtesy: Quartz
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
Courtesy: Gateway House
Arvind Panagariya, G20 Sherpa, Government of India, delivered the keynote address at the 2016 T20 Mumbai meeting hosted by Gateway House on 13 June. In his speech, he comments on the significance of China’s G20 Presidency for 2016, discusses India’s role in the G20, and recalls some of the most challenging negotiations he was part of as G20 Sherpa.
Courtesy: IMF / Flickr
India must be fully engaged in the emerging G20-led international policy agenda being developed to deal with global structural weaknesses and raise public investment where fiscal space is available. India and other emerging markets offer higher investment returns---partly because of their demographics---and their deepening international integration makes them attractive.
Courtesy: Gateway House
A T20 workshop in Lima, Peru, provided the opportunity to for a deeper insight into the the Latin American economic situation. While the workshop focused on finding innovative solutions to sustain high growth in middle-income countries. There is a need for India and similar countries, to become sensitized to each others problems on development.
Courtesy: Sputnik
In recent years, India has elevated its commitments to multilateral economic institutions - demonstrating the determination to shaping economic multilateralism. The result of this has been uneven, but it has yielded important questions
