Announced in January 2011, the partnership between the Institute for New Economic Thinking (INET) and CIGI is committed to broadening and accelerating the development of innovative thinking that will lead to insights and solutions for the great economic and governance challenges of the 21st century. Initiated by CIGI Founder and Chair Jim Balsillie and INET Founding Sponsor George Soros, the agreement provides $25 million (CAD) over five years to support joint CIGI-INET activities.
Founded in 2009 in response to the global financial crisis, INET is a non-profit organization providing fresh insight and thinking to promote changes in economic theory and practice through conferences, grants and education initiatives.
INET's initiatives include: research grants designed to harness the new economic thinking that is crucial to effecting change; a campus outreach program that sees Nobel Laureates and world-renowned scholars visiting graduate students in economics to promote education, discourse and the sharing of new ideas; and an events program aimed at fostering open discussion, transparency and the amplification of fresh ideas.
Under the CIGI-INET partnership, these activities - including the grants and campus outreach - will be extended to Canada. As the partnership develops, CIGI and INET will consider additional joint activities to further their common mission.