Waterloo, Ontario – September 4, 2013 – Negotiations and arrangements for international economic governance have regressed and there is considerable cause for concern going forward, according to a new interactive survey from The Centre for International Governance Innovation (CIGI).
The annual CIGI Survey on the Progress of International Economic Governance assesses progress in five dimensions of international economic governance: macroeconomic policy cooperation; international cooperation on financial regulation; development; international trade; and climate change. Governance arrangements related to these dimensions are scored on a progress scale of quintiles, ranging from major regression to major progress. The interactive component of the survey presents results in a dynamic and visual way, making it easy for readers to navigate and consume. Results can be viewed by topic, by individual expert or in a quantitative summary.
For the inaugural 2013 survey, 15 CIGI experts were polled. Some participants provided their evaluation for all five facets, while others focused on a few areas only, depending on their areas of expertise.
The findings of the 2013 CIGI Survey include:
- There is a clear consensus that there is some regression in negotiations and arrangements for international economic governance, and there is considerable cause for concern. The average assessment by experts puts overall progress at 30 percent;
- International cooperation on macroeconomic policy and on financial regulation are both close to an assessment of minimal progress, with more pessimistic results in the areas of development, international trade, and climate change, and;
- There is surprising uniformity of views among individual experts, especially given the diversity of their respective backgrounds.
“The inaugural CIGI Survey is an important stock-taking exercise on the state of key measures of international economic governance,” said Domenico Lombardi, Director of CIGI’s Global Economy Research Program and a survey participant. “The complexity of these issues makes it difficult to offer objective judgments. But I think the uniformity of experts’ responses is a clear indication that serious improvement is needed in every major area of international economic governance.”
To access the CIGI Survey on the Progress of International Economic Governance, visit http://www.cigionline.org/IEG.
Declan Kelly, Communications Specialist, CIGI
Tel: +1.519.885.2444, 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 (BlackBerry), 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.