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All items tagged G20Open Think Tank ArticlesJanuary 13, 2012 | An International Event Calendar for 2012Editorial Team: Elections and transfers of power look set to dominate world events in 2012. Will Chinese leadership adopt a more aggressive stance? Will Egypt develop into an Islamist regime? Here is a brief look at these and other events likely to shape the new year. Feel free to share any events you think will also be important. ... MoreSeptember 24, 2009 | The G20 Pittsburgh Summit - Symbolic Policies or Fundamental Reforms?Johannes Klocke: In principal, the G20 process is right. Yet, the emphases of the G20 agenda remain questionable and problematic. It is becoming more and more likely, that even the deepest crisis since the Great Depression will not suffice to initiate fundamental reforms of the financial system. ... MoreSeptember 15, 2009 | G20 to Introduce a Tobin Tax 2.0?Editorial Team: Will G20 governments support recent calls from Germany to introduce a global tax on all financial transactions? Your assessment is needed prior to the upcoming G20 summit in Pittsburgh. ... MoreSeptember 11, 2009 | G20 Need to Push Green Technology MarketsGlobal Green Recovery Task Force: In a report commissioned by the Policy Planning Staff of the German Federal Foreign Office, an online task force conducted by the Atlantic Initiative with 26 experts from Germany, the US and the UK, derived green technology market recommendations in three broad areas: 1) generating new sources of revenues to fund green technologies; 2) intensifying dialogue on existing national green policies; and 3) spurring new international co-operation on green technologies. ... MoreAugust 11, 2009 | The Myth of Western Decline and G7-OECD ObsolescenceIra Louis Straus: Despite widespread belief in a decline of the West and obsolescence of G7-G8, the actual statistics show that G7-8 remains overwhelmingly important, both as a vehicle for mutual cooperation and a guide for the world economy. A G14 or G20 could not provide an adequate substitute for it. ... MoreApril 9, 2009 | HOT ISSUE: The Verdict on Obama's European TripEditorial Team: Does one achievement stand out as a significant development at the infancy of the Obama presidency’s foreign policy, or have the early signs of progress been exaggerated out of context? Take part in our poll and vote what you think Obama’s greatest achievement has been. ... MoreDecember 18, 2008 | Re-evaluating Economic Governance In the Financial CrisisMaie-Brit Rüter: As the financial crisis threatens to also become an economic one, the recent Carlo Schmid Network conference left its most lasting impressions on topics addressing the crisis and possible remedial action. The conclusions: the international economic order is in urgent need of revision. Nevertheless, existing institutions should not be thrown out with the bathwater. ... MoreGlobal Must Read ArticlesNovember 11, 2010 | G-20 Summit Should Not Overlook Poorest CountriesSouth Korea will be hosting the November 2010 G-20 Summit. ++ In this regard, the developed economies should focus on the needs of the world’s poorest countries, as they too are crucial to “rebalance” the global economy and restructure financial institutions. ++ The recent success stories among some low-income countries such as Sub-Saharan Africa show a positive economic trend. ++ What is ... MoreAugust 27, 2009 | Walk the Walk G20!Until now, leaders from the G20 countries have not shied away from grand declarations as to how the world of finance must change. ++ Most statements involve deep cuts in executive bonuses and the granting of state credits for corporations. ++ President Nicolas Sarkozy has been especially frank in condemning bankers that were supposedly responsible for the crisis. ++ “He has now obligated himself ... MoreJuly 14, 2009 | G8 Is DeadAs a global leadership forum presenting western norms and values, the G8 has failed. ++ The L’Aquila summit showed that emerging economies demand more say at the negotiating table. ++ Former ideals are losing ground to the principle of “common survival”. ++ The focus on water-wastage and rising emission of CO2 rules out previous western core topics such as freedom, democracy and human ... MoreJune 29, 2009 | Strong UN Agreement on Crisis a Step ForwardA landmark agreement by all 192 UN states on the financial crisis last week was a small but important step forward as it acknowledges our global interdependence. ++ The UN said “we have allowed economic globalisation to outpace political globalisation - we do not have the institutions or the mindset to respond collectively in ways that advance the wellbeing of all” in a communiqué more ... MoreApril 3, 2009 | Is the Crisis a Watershed Moment for Sustainability?Both climate change and the increasingly perceptible scarcity of primary commodities are responsible for the current economic crisis. Endlessly rising energy and food prices have also played their role in destabilizing financial markets and eroding the spending power of national budgets. The goal of any form of crisis management should therefore be a unified infrastructure, through which the ... MoreApril 1, 2009 | Reconciling Frayed TiesThis year holds promise for the Russia-US bilateral relation. ++ The Russian President has argued Russia and the US should attend the G20 and try “establish universal rules and disciplines that would apply to all parties without exception […] and introduce a world supranational reserve currency” supervised from the IMF. ++ He further added that it is the duty of Russia and the US ... MoreMarch 31, 2009 | G20 Meeting to Determine the Global Economy's PathThe upcoming G20 meeting will determine the future path of the global economic system. ++ The camps are divided into two: Obama, Brown and the IMF (who speak of depressed demand and push for stimulus plans) vs. Sarkozy and Merkel (who speak of the success of the “welfare state” to offer protection against the crisis). ++ It is crucial that the G20 rejects any suggestions for ... MoreMarch 23, 2009 | Romanticism Should Guide the G20Romanticism has something to say in the upcoming G20 meeting concerning the “limits of universal rationalist solutions.” ++ While globalization demands co-ordinated responses, national or perhaps regional solutions might be effective as “only nation states (and to some extent the EU) have the democratic legitimacy to make the value trade-offs central to most important policy decisions.” ++ The ... MoreMarch 11, 2009 | "Global New Deal" Answer to the Economic DownturnToday’s politics is global as well as local. ++ A global effort is required to “reduce the impact of the downturn and support a sustainable recovery.” ++ Problems in emerging markets and developing countries should not be ignored. ++ Increased funding to the IMF should be agreed by the G20 to increase lending and “prevent the spread of the crisis from corporations to countries.” ++ In addition, ... MoreFebruary 20, 2009 | Aloha, China and Japan!Leaders of the three largest economies should meet up in Hawaii. ++ There has never before been a summit for the US, Japan and China, but the time has come. ++ Japan needs to break its political marginalization towards China, Americans must stop trying to divide Asia, and China is ready to take its place on the world stage. ++ In this crisis, nationalistic tendencies must be resisted. ++ Take ... MoreDecember 8, 2008 | Europe Must Embrace New World OrderGlobalization has rendered the G-8 increasingly insignificant; a new world order is at hand, in which emerging economies and the G-20 will play a key role. ++ Obama’s election will facilitate the reorientation of US foreign policy towards a more global focus. ++ Europe, on the other hand, will continue to find itself increasingly impotent if it does not embrace this strategic realignment. ++ The ... MoreNovember 21, 2008 | Who Needs the G8 AnywayIn view of the economic crisis rocking the international community, the G8 has lost its right to exist. ++ Emerging nations like India took part in the G20 summit, discussing new finance regulation structures. ++ G8 nations have to understand that in a world where the US economy is highly dependent on the Chinese market, the circle of key players has expanded. ++ Including countries like Brazil ... MoreNovember 18, 2008 | Europe's Economy Needs Cooperative EffortsTo answer the G20’s calls for budgetary stimulus, Europe needs a three-part recovery program. ++ EU member states must pledge to equally share the burden of recovery. ++ Because many countries will exceed EU deficit limits, budgetary boosts need to be accompanied by an agreement to strengthen the EU’s fiscal framework. ++ Member states should make a commitment to avoid borrowing at ... MoreNovember 17, 2008 | Realistic Expectations: G20This weekend’s G20 summit was a mixed bag: Obama did not attend, lame-duck Bush cannot make any serious commitments, and yet, the G20 may be jockeying its way into an important position. ++ National governments promised to focus on macroeconomic coordination, and regulatory standards via the IMF or Financial Stability Forum (FSF). ++ “It would be good if Saturday’s declaration proved to be the ... MoreNovember 14, 2008 | The West Must Treat Developing Countries as PartnersThe financial relevance of the G7 has diminished, from 65% of production in 2002 to 52% now, and will continue to fall. ++ In 2009 all growth will happen in developing nations. ++ The support of China, India, and Brazil is needed to resolve this crisis, and the G20 is the space for solutions. ++ The West is failing on global trade, climate change, and development aid. ++ Progress on the immediate ... MoreNovember 13, 2008 | IMF Stands for Global Economy InsuranceUninsured drivers need to save big for car crashes; nations have done that to prepare for financial crashes. ++ However, every-country-for-itself policies are wasteful and inflate credit bubbles. ++ The IMF was everyone’s insurance after Bretton Woods but it has not kept up with the crash costs. ++ Government payments should be tripled to make the IMF bigger and to help unavoidable crashes ... MoreNovember 12, 2008 | Minimum Target for the G20: Do No HarmThe G20-meeting may harm the economy if conflicts surface and the US is blamed for the crisis. ++ The IMF lacks legitimacy due to an under-representation of Asian powers and over-representation of Europeans. ++ Obama must agree to the results of the summit, even with a lame-duck Bush as host, or markets risk destabilization. ++ Leadership is needed from Europeans who called for the meeting. ++ ... MoreNovember 11, 2008 | Sarkozy Against "Polite Conversation"French President Sarkozy is rushing on with demands for the upcoming G20-meeting, at the expense of diplomacy. ++ His harsh call for multilateral action, blaming Wall Street for the crisis, is explained by a feeling of support from public opinion in Europe. ++ However, the crisis was not fabricated only in the US; Europe’s structures have their own faults. ++ Sensible targets for the summit would ... MoreOctober 24, 2008 | Nationalism Trumps Global Economic CooperationFinancial turmoil has provoked leading nations to recognize the need for economic cooperation, yet fierce nationalism has reared its head amid the calls for global unity. ++ “Economics and finance may be global, but politics is still local.” ++ Western nations seek to retain power in the world system and emerging nations do not wish to yield their sovereignty. ++ Ideally the next US president ... MoreOctober 14, 2008 | G20 the New G7G20 nations represent 85 percent of the world’s economy. ++ The forum is essential for addressing the financial meltdown. ++ Developed nations urgently need liquidity; the vast reserves of foreign capital held by emerging economies are the remedy. ++ Bush’s first appearance at the G20 highlights this very fact. ++ “It’s of all nations’ common interest to take coordinated measures to tackle the ... MoreCommentsJanuary 12, 2011 | I vote mainly out of politeness. While I...October 11, 2009 | Spiral Evolution Some of the greatest...September 22, 2009 | Donald Stadler wrote, "Minister Kouchner...September 15, 2009 | First, a comment to whoever wrote this post. ... |
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