Kemal Dervis, vice president of Brookings for Global Economy and Development, will briefly lead off the discussion with comments on the trajectory of global economic adjustment policies from Seoul to the French G-20 Summit in Cannes, scheduled for November 2011. Dr. Dervis will outline some of the alternative scenarios for rebalancing the world economy in the aftermath of the Seoul G-20 Summit in which policy conflicts among the major economies were more visible than policy convergence. After his comments, the discussion among participants will focus on alternatives in light of the G-20 framework “for strong, sustainable and balanced growth” within the “mutual assessment process” (MAP) of G-20 peer review, including attention to the critical role of the IMF. These issues emerged as the most fundamental issues facing the G-20 as a result of the debates in Seoul in November on “currency wars,” external imbalances and expansionary monetary policies.

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