Waterloo, Canada – September 10, 2012 – The G20 should increase its ownership of the Mutual Assessment Process (MAP), says the second installment of a new policy brief series from The Centre for International Governance Innovation (CIGI).
In A Map for Strengthening the G20 Mutual Assessment Process, CIGI Junior Fellows Kevin English, Xenia Menzies,Jacob Muirhead and Jennifer Prenger offer a series of recommendations for a renewed commitment to the G20’s 2009 “Framework for Strong, Sustainable and Balanced Growth,” and ensure the “continued utility of the MAP.” The authors’ recommendations to the G20 include:
- increase public accountability of the MAP through accessible, comparable and easily digestible annual reporting;
- increase G20 ownership of the process, by ensuring more direct communication between International Monetary (IMF) staff analysis and G20 leaders, and by strengthening the Working Group with additional peer-review capacity;
- encourage reforms in the IMF’s governance and management structures to strengthen the institution that the MAP relies most heavily upon;
- invest in macroeconomic research and development for enhanced global economic modelling capacity and create an economic research hub to coordinate ongoing research at the international level;
- and, bolster MAP negotiating mechanisms to foster deeper commitments through the improved assessment of national and international cost-benefit trade-offs, and investigate potential penalties for compliance failures.
For more information on A Map for Strengthening the G20 Mutual Assessment Process, including a free PDF download, visit http://www.cigionline.org/publications/2012/9/map-strengthening-g20-mutual-assessment-process.
The CIGI Junior Fellows Policy Brief Series highlights the work of Master’s level students from the Balsillie School of International Affairs (BSIA). The junior fellowship program based at the BSIA provides mentorship opportunities from CIGI’s senior scholars and policy researchers. Students are offered research assistantships, policy brief writing workshops, interactive learning sessions and publication opportunities.
ABOUT THE AUTHORS:
Kevin English is a student in the University of Waterloo M.A. program in global governance based at the BSIA. He completed his B.A. at the University of British Columbia, graduating with a double major in political science and history. His primary research and policy interests are international monetary system reform, global finance and the G20.
Xenia Maren Menzies is a student in the University of Waterloo M.A. program in global governance based at the BSIA. Prior to attending the BSIA, she obtained her B.A. in business administration as well as first class honours in international business at Simon Fraser University. Her research examines the governance of international organizations and their role in global governance.
Jacob Muirhead has a B.A. (Honours) in history and political science from the University of Waterloo and is currently a student in the University of Waterloo M.A. program in global governance based at the BSIA. His academic interests revolve around the private regulation of global agricultural production.
Jennifer Prenger recently completed the Wilfrid Laurier University master’s program in global governance based at the BSIA. Her academic focus at the BSIA revolved around international economic relations and economic policy with her main interests in international trade, ODA and environmental policy. She completed her B.A. at Wilfrid Laurier University in 2010, graduating with a double major in political science and economics with a research specialization.
Declan Kelly, Communications Specialist, CIGI
Tel: 519.885.2444, ext. 7356, Email: [email protected]
The Centre for International Governance Innovation (CIGI) is an independent, non-partisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI’s interdisciplinary work includes collaboration with policy, business and academic communities around the world. CIGI was founded in 2001 by Jim Balsillie, then co-CEO of Research In Motion (RIM), and collaborates with and gratefully acknowledges support from a number of strategic partners, in particular the Government of Canada and the Government of Ontario. For more information, please visit www.cigionline.org.