Tuesday, 14 June 2016
Fresh off the high from the G-7 economic summit in Sendai, Japan, Canadian Finance Minister Bill Morneau pointed to renewed interest in pursuing a spot in the recently launched Asian International Investment Bank – a China-spearheaded global development bank focused on the Asia Pacific region.
Tuesday, 7 June 2016
This policy brief outlines concrete proposals for addressing three critical issues – climate change, the Internet and sovereign debt — where the G20 could address gaps in governance among selected international institutions.
Thursday, 2 June 2016
The G7’s new mission appears to be irritating China. As the leaders of the US, Japan, Germany, the UK, France, Italy and Canada gathered for their annual summit last week, Beijing made clear they had no business involving themselves in territorial disputes in the South China Sea. “We hope the G7 will focus on urgent economic and financial matters,” a spokesman for the Chinese foreign ministry said ahead of the Ise-Shima Summit. “We do not want to see actions escalate tensions in the region.”
Thursday, 2 June 2016
Sun Tzu may not actually have advised building golden bridges behind one’s enemies, but there is wisdom in the idea nonetheless.
Tuesday, 31 May 2016
Never have so many risked so much for so little. I'm talking, of course, about Britain's upcoming vote on whether to leave the European Union. So-called "Brexit" — get it, as in British exit? — would be the economic equivalent of quitting your job because you think you can get it back minus all the parts you don't like. In other words, a fantasy. But, with apologies to Harry Potter, it might be Britain's most popular one to the point that there's a real, albeit slight, chance it could prevail in the June 23 poll. In which case, to extend this metaphor, Britain would be left out of work and out of friends. Indeed, Britain's Treasury estimates it could send them into a recession costing as many as 500,000 to 800,000 jobs.
Monday, 30 May 2016
The yuan fell, heading for the steepest monthly decline since the August devaluation, after the Federal Reserve chief said an interest-rate increase could come in the next few months.
Sunday, 29 May 2016
China has outlined a massive spending plan worth 4.7 trillion yuan ($725 billion) to provide more reliable transport to some of the country's more remote regions.
Wednesday, 25 May 2016
This week, G7 leaders meet in Ise-Shima, Japan for the forty-second G7 summit. To learn more about the G7’s relevance, the importance of diplomatic engagements taking place before the summit, and key issues that will be discussed in Ise-Shima, we speak to CIGI global economy expert Thomas A. Bernes and global security expert Benoit Hardy-Chartrand.
Monday, 25 April 2016
Economic conflict between nation-states has been a major concern throughout the past century and will continue to threaten progress for the foreseeable future. The language evolves, but the issues persist. The “beggar-thy-neighbour” policies and “competitive devaluations” that aggravated the Great Depression of the 1930s have become the “currency wars” of the twenty-first century. Defining the problem, however, is easy compared with the task of solving it. A central recurring question is whether policy makers can — and should — cooperate and try to coordinate their policies in an effort to alleviate conflicts and improve outcomes.
Thursday, 14 April 2016
Global Financial Governance Confronts the Rising Powers addresses the challenge that the rising powers pose for global governance, substantively and institutionally, in the domain of financial and macroeconomic cooperation.