Wednesday, 15 October 2014
As the largest emerging economy, China believes that the Group of Twenty (G20), instead of the Group of Eight (G8), is the ideal platform for its participation in global governance. This paper examines the reasons why China joined the G20 rather than the G8, and then focuses on a detailed review of China’s participation in G20 summits since the enhanced forum began in 2008.
Monday, 22 September 2014
The global financial crisis that began in 2007 and deepened in 2008 exposed major weaknesses in financial and macroeconomic policy coordination, and profound flaws in financial risk management and regulation in a number of advanced countries. The severity of the crisis led global leaders to recognize that they must find a way to reform the global regulatory architecture to ensure that the financial system can absorb shocks while continuing to function efficiently. The analysis in this paper suggests a number of actions that the IMF and FSB should take to strengthen their cooperation and effectiveness, and highlights some of the problems created when no single agency has overall responsibility for the regulatory oversight of the international financial system.
Wednesday, 17 September 2014
CIGI Senior Fellow James Boughton argues that the international financial system is not working fine, and that reforms of regional and global institutions are needed.
Should China host the G20 in 2016? CIGI paper assesses Beijing’s ‘golden opportunity’ and simultaneous reluctance
Wednesday, 3 September 2014
A new paper released by the Centre for International Governance Innovation (CIGI) says that despite calls from analysts for more leadership in the G20 as a “golden opportunity,” China is presently focused on promoting itself as an equal and respected partner.
Wednesday, 27 August 2014
The G20 has emerged as the lynchpin of China’s involvement in global economic governance. It remains the only economic institutional setting where the country can operate on par with major Western powers. China has a strong interest in maintaining the status of the G20 as the premier forum for economic cooperation, and a vested interest in ensuring that the G20 does not degrade into yet another “talk shop” of multilateral diplomacy. However, the Chinese leadership’s current approach to the G20 is not driven by a desire to position the country as a leading agenda setter.
Friday, 25 July 2014
China’s growing economic standing suggests a power shift for the twenty-first-century global economy, as exemplified through the internationalization of China’s currency, the renminbi (RMB). RMB internationalization can fill China’s financial integration gap by promoting faster internal financial reforms, stronger interconnectivity between trade and finance, and greater economic responsibility.
Tuesday, 22 July 2014
"It's time to end the zero-sum game of competitive reserve accumulation and the messy scramble to sign bilateral and regional swap agreements," write CIGI Senior Fellow Brett House and former research associate Kevin English.
China’s stance on ‘mega deals’ will shape its economy and international trading system, CIGI report says
Monday, 14 July 2014
China can influence the future development of the international trading system by its stance toward “mega deals,” according to a new report CIGI.
Wednesday, 2 July 2014
Dr. Heather Smith, Deputy Secretary, G20 Sherpa in Australia’s Department of the Prime Minister and Cabinet, delivered a keynote address on the challenges Australia faces in chairing the G20 during a period of post-crisis consolidation. Dr. Smith spoke on how the Australian presidency of the G20 is working with members to promote growth, build resilience in the global economy and build a durable international order to underpin global prosperity in the twenty-first century. The 2014 G20 leaders’ summit will be November 15-16, 2014, in Brisbane, Australia.
G20 Sherpa for host Australia to address Ottawa audience on agenda and challenges for 2014 summit in Brisbane
Monday, 23 June 2014
CIGI invites media to cover its CIGI Global Policy Forum, “Shifting Gear — Reshaping the G20 and Addressing the Global Growth Challenge,” on July 2, 2014, at the Rideau Club in Ottawa, Canada.