Global Economy

Addressing the need for sustainable and balanced economic growth, the Global Economy program is a central area of CIGI expertise. Its importance was heightened by the global financial crisis at the end of the last decade which gave impetus to the formation of the G20 leaders’ summits — a development for which CIGI experts had advocated. The Global Economy area includes macroeconomic regulation (such as fiscal, monetary and exchange rate policies), financial regulation (such as requirements on capitalization of banks) and trade policy. We live in an increasingly interdependent world, where rapid change in one nation’s economic system may affect many nations. CIGI believes improved governance of the global economy can increase prosperity for all humankind.
Monday, March 4, 2013

It’s a trans-Atlantic fiscal circus — complete with clowns

iPolitics

"There is a perfect storm brewing on both sides of the Atlantic, in Rome and in Washington," writes CIGI Distinguished Fellow Fen Osler Hampson. "When these two political frontal systems converge, the ensuing hurricane could wreak more economic destruction — not just in Europe and the U.S., but in Canada."

March 5, 2013

The Adjustment of Obligations

Previous posts, here and here, argued that the adjustment challenges that loom large in the global economy require international agreement on the obligations and responsibilities that members owe to each other and the system.

Friday, March 1, 2013

La Nueva India -- interview

Ricardo Vanella
Clase Ejecutiva (Radio Palermo)

CIGI Distinguished Fellow Jorge Heine discusses his recent book La Nueva India (El Mercurio/Aguilar, 2012).

Friday, February 22, 2013

US-EU trade deal?

Ricardo Vanella
Programa Clase Ejecutiva Radio

CIGI Distinguished Fellow Jorge Heine discusses the prospects of US-EU free trade agreement.

Tuesday, March 5, 2013

Big moves put yuan on path to global acceptance

Zhang Yuwei
China Daily USA

CIGI Senior Fellow Gregory Chin comments on the internationalization of China's currency, in the wake of recent offshore futures contracts deliverable in yuan by a Chicago-based exchange operator.

Friday, March 1, 2013

Ottawa wary of border tie-ups in wake of U.S. budget impasse

Mike Blanchfield
The Canadian Press, The Globe and Mail

"Sequestration is also going to make it much harder to get the attention of the White House and those who are friendly to making a deal with Canada in the U.S. Congress," Fen Osler Hampson tells The Canadian Press.

Thursday, February 28, 2013

Yuan rises to 13th as payment currency

Michael Barris
China Daily USA

CIGI Senior Fellow Gregory Chin comments on the Chinese government loosening its grip on the country's capital account, giving foreign investors, manufacturers and traders greater incentive to hold yuan for investment or payment settlements.

February 28, 2013

The Obligations of Adjustment, Part II

The story thus far: The global economy faces large adjustment challenges that in some respects resemble the situation in the early years of the Bretton Woods era, albeit with different structural constraints.

Inside the Issues 3.20 | State Capitalism in China

Wednesday, February 27, 2013
David A. Welch and Sarah Eaton

What is state capitalism and can the inherently public and private aspects be reconciled? Sarah Eaton, Assistant Professor of Political Science at the University of Waterloo joins David Welch, CIGI Chair of Global Security for a discussion on state capitalism in China.

Sunday, February 24, 2013

US-Antigua trade dispute exposes global inequity

Claude Robinson
Jamaica Observer

Jamaica Observer columnist Claude Robinson cites CIGI's research on internet gaming in Antigua following a challenge from the United States