Following the recent CIGI-Institute for New Economic Thinking conference Sovereign Debtors in Distress, Pierre Siklos explains how European countries have become indebted in an unsustainable manner, and what financial mechanisms and policy options exist for states on the verge of default.
The world needs a process that enables indebted sovereigns to file for bankruptcy, much in the same way corporations do under “Chapter 11” filings, the Rt. Hon. Paul Martin said at the Sovereign Debtors in Distress conference.
While international migration and development are oft-discussed topics in global governance, the nexus between the two receives far less attention. Not so for Jonathan Crush, the newly-appointed CIGI Chair in Global Migration and Development, our guest this week on Inside the Issues. He argues against the notion of economic development "stopping migration," saying that the relationship between flows of wealth and people are not so straight-forward in today's complex global arena.
With an increasingly integrated (and sometimes chaotic) international financial system, how can growth and productivity in the world economy be sustained? With the proliferation of crises in the past 20 years, we ask Jim Haley, CIGI's director of global economy, to explain how better governance structures could contribute to economic stability and worldwide financial prosperity.
As states seek to better protect their mainland territory from the threat of illegal migration, outlying islands are increasingly being used to create buffer zones against would-be human traffickers and refugees. Canada Research Chair in Global Migration Studies, Alison Mountz, suggests that detention centres are a populist overreaction to the actual threat posed by maritime incursions.
Though the appetite for North American integration has been in flux for the past 100 years, Robert Pastor argues that closer cooperation is not only possible, but an easier than many think. The author of The Idea of North America and professor at American University, Pastor describes the opportunities and challenges facing the emergence of a common continental identity.