Addressing the need for sustainable and balanced economic growth, the global economy is a central area of CIGI expertise. Its importance was heightened by the global financial crisis at the end of the last decade which gave impetus to the formation of the G20 leaders’ summits — a development for which CIGI experts had advocated. The Global Economy initiative includes macroeconomic regulation (such as fiscal, monetary and exchange rate policies), financial regulation (such as requirements on capitalization of banks) and trade policy. We live in an increasingly interdependent world, where rapid change in one nation’s economic system may affect many nations. CIGI believes improved governance of the global economy can increase prosperity for all humankind.