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Progress in International Economic Governance

2015 CIGI Survey of Progress in International Economic Governance

2015 Responses by Expert

Browse full survey responses from each expert by selecting their name below:

Survey Home Quantitative Summary

Alex He / 2015 Responses

Overall Ranking

64%

The overall ranking represents the average of all responses provided by the expert — detailed responses to each dimension are provided below. Note that some participants provided their evaluation for a few dimensions only.

Macroeconomic and Financial Cooperation

60%
Question: How much progress has been made on macro-economic and international monetary cooperation in the last year?

The Brisbane Growth Strategies provide a blueprint for an ambitious goal of lifting G20 GDP by more than 2 percent, as well as a specific and feasible action plan to promote economic growth and to create job opportunities. The initiative of a four-year infrastructure hub is crucial for bridging the growth gap between developing countries and developed nations. There is also minimum policy cooperation among G20 members in terms of macroeconomic and structural policies. However, the 2010 IMF Quota and Governance Reform still remains delayed. While the Managing Director of the IMF, Christine Lagarde and other member countries, except for the United States, talked about an alternative plan to push the reform, no concrete measures or schemes were discussed.

- Alex He
Visiting Scholar, Global Economy Program

International Cooperation on Financial Regulation

50%
Question: How much progress has been made in international cooperation on financial regulation in the last year?

An updated roadmap for dealing with shadow banking has been provided and work is ongoing to achieve it.

- Alex He
Visiting Scholar, Global Economy Program

Development

N/A
No response was provided by Alex He for this question.

Cooperation on Trade

65%
Question: How much progress has been made in agreements on international trade rules and institutional architecture in the last year?

The G20 Brisbane summit showed support for a robust and effective WTO and its commitment to promote the remaining issues of Doha round negotiation, which is an encouragement to the efforts to get out of the deadlock in the WTO.

- Alex He
Visiting Scholar, Global Economy Program

Cooperation on Climate Change

80%
Question: How much progress, on balance, has been made on climate change in the last year?

The joint announcement by U.S. and China, the top two biggest emitters, to reducing global emissions demonstrates a hopeful success in December 2015 Paris Climate Conference. The slow progress goal of phasing out fossil fuel subsidies, however, was used as a proof of the failure of the G20.

- Alex He
Visiting Scholar, Global Economy Program

Progress Scale

Major Progress 85-100

Estimates between 85% and 100% represent the ability to withstand the pressures of a severe, unanticipated major shock to the world economy, preventing sustained unemployment or inflation. International agreements are effective. Key institutions have strengthened their governance and accountability and have the tools and resources required to perform effectively.

Major Progress 80-100

Estimates between 80% and 100% represent the ability to withstand the pressures of a severe shock to the world economy and to prevent sustained unemployment or inflation.

Some Progress 70-84

Estimates between 70% and 84% reflect some progress that inspires confidence in the stability of the world economy against large-scale shocks Conditions are conducive to inclusive global economic growth.

Some Progress 60-79

Estimates between 60% and 79% reflect conditions that inspire confidence and that are conducive to growth.

Minimal Progress 55-69

Estimates between 55% and 69% indicate a level of progress sufficient to inspire confidence in long term, sustainable balanced growth, but with non-negligible risks to the world economy if confronted by shocks.

Status Quo 45-54

Estimates between 45 and 54% represent stagnation in progress or regression, with low to negligible developments in international discussions or a lack of displayed interest. Public documents exclude mention of the topic or pay minimal due to the issue, with little to no developments in stability or growth.

Minimal Progress 40-59

Estimates between 40% and 59% indicate a level of progress sufficient to inspire confidence in the long term, but with non-negligible risks to the world economy if confronted by shocks.

Minimal Regression 30-44

Estimates between 30 and 44% represent a level of regression sufficient to cause concern for the direction of long term growth. Conditions have not yet worsened significantly, but the global economy shows signs for concern.

Some Regression 20-39

Estimates between 20% and 39% represent some regression, pointing to non-negligible risks to the stability of the world economy if confronted by large-scale shocks.

Some Regression 15-29

Estimates between 15% and 29% represent some regression that instills concern for the stability of the world economy against large-scale shocks. Indications suggest insufficient progress and conditions unfavorable to long term growth.

Major Regression 0-14

Estimates between 0% and 14% represent major regression towards a fractious and chaotic international system, with significant risks to the stability of the world economy. Multilateral negotiations are at a standstill, and key institutions lack the tools and resources to perform effectively.

Major Regression 0-19

Estimates between 0% and 19% represent major regression toward a fractious and chaotic international system, with significant risks to the stability of the world economy.