The initial consensus forged at the G20 level at both summits in 2009 is now breaking down. When the global economy perched on the edge of abyss, these countries managed to forge an agreement to stimulate their economies. The issues of the root causes of the crisis, the extent to which global imbalances contributed to the crisis and how they should be resolved remain contentious. Significant reforms of the present international financial, monetary and trading system have yet to materialize despite numerous discussions and proposals.
Following successful discussions held at the Department of International Political Economy, Peking University in Beijing (September 2010), Rebalancing the World Economy with Emerging Powers, this workshop will continue debating about the key areas and tools for international policy co-operation. The discussions led by prominent experts from a variety of disciplinary, institutional and geographical backgrounds, will feed into the final policy report to be published in early 2011.
This is a meeting of the ESRC Rising Powers Network, coordinated by Chatham House and CIGI. Financial support for this project has been generously provided by the Economic and Social Research Council (UK).