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Wed, 18 Nov 2009 00:00:00 GMT
Johannes Linn comments on the final report issued in October 2009 by the High-Level Commission on Modernization of World Bank Group Governance. He reviews key recommendations and examines reform challenges the World Bank faces moving forward.
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Sat, 31 Oct 2009 00:00:00 GMT
Following a September 18 roundtable focused on the global economic agenda for the fall of 2009, Domenico Lombardi reflects on discussions at this forum, which served to enhance engagement and exchanges between experts from the U.S. and other G-20 countries on the critical issues to be addressed at these highlevel international gatherings.
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Fri, 16 Oct 2009 00:00:00 GMT
Replacing the G8 with the G-20 poses a delicate issue for smaller G8 countries, such as Italy. Some fear this move will dilute their perceived role and influence in the world stage. Domenico Lombardi discusses the dynamics of the G-20's more diverse membership and what role Italy can realistically pursue in an "enlarged" global governance setting.
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Tue, 13 Oct 2009 00:00:00 GMT
The financial crisis has taught us a painful lesson that global macroeconomic imbalances can wreak enormous damage on the world economy. At the G-20 Pittsburgh Summit, leaders committed to a framework that would prevent further damage. Eswar Prasad proposes a Special Drawing Rights scheme that allows G-20 countries to make enforceable policy commitments.
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Thu, 08 Oct 2009 00:00:00 GMT
The fall global economic agenda is well underway with the completion of the G-20 Pittsburgh Summit and the IMF and World Bank Annual Meetings in Istanbul. Kemal Derviş discusses the key themes coming out of these “historic” meetings, highlighting the essential roles of both the informal and formal channels of global economic governance and the way forward after the crisis.
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Wed, 30 Sep 2009 00:00:00 GMT
While the G-20 Summit in Pittsburgh was considered successful, Daniel Kaufmann discusses the need for greater emphasis on governance issues. He urges G-20 countries to address governance within their own borders before the group can effectively start to engage in concrete collective action for the public global good.
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Tue, 29 Sep 2009 00:00:00 GMT
Michael Fullilove writes that the UN General Assembly in New York and G-20 Summit in Pittsburgh proved fruitful for the United States and Australia. Fullilove notes both Obama and Rudd are tough diplomats who believe national interests are better pursued in concert with others, and he concludes the recent meetings bolstered their ideas and goals.
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Mon, 28 Sep 2009 00:00:00 GMT
The Pittsburgh G-20 Summit was a significant milestone for President Obama's leadership role in the international community. Colin Bradford reflects on what the Summit meant for the United States and how it was shaped by the president's involvement.
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Sun, 27 Sep 2009 00:00:00 GMT
What did the Pittsburgh G-20 Summit offer non-G-20 developing countries? Homi Kharas examines the Summit talks and how the interests of developing countries in this group were not adequately addressed.
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Fri, 25 Sep 2009 00:00:00 GMT
Following the announcement from Pittsburgh that the G-20 Summit will “permanently replace” the G7, thus bringing countries such as Brazil, India and China into that global body, Colin Bradford reflects on the historic significance of this event and what it will mean for continued efforts of cooperation among the international community.
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Thu, 24 Sep 2009 00:00:00 GMT
The Pittsburgh G-20 summit marks the fourth time this group of leaders has met, but the meetings operate on an ad hoc basis undermining confidence that it will deliver, say Nina Hachigian and Bruce Jones. They argue setting the table at the G-20 to make global decisions that stick is one of the thorniest issues the leaders gathering in Pittsburgh will face.
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Thu, 24 Sep 2009 00:00:00 GMT
A topic of discussion at previous G-20 summits, IBRD resources are central to helping poor countries survive this economic crisis. Homi Kharas discusses the importance of making IBRD resources much more widely available to promote development and urges G-20 leaders to continue talks about this issue at the summit in Pittsburgh.
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Thu, 24 Sep 2009 10:37:00 GMT
Crafting global policy to address climate change is a priority for leaders attending the G-20 Summit in Pittsburgh. Nonresident Senior Fellow Warwick McKibbin previews the talks, noting the complexities the leaders face in finding the common ground necessary to tackle this consuming issue.
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Wed, 23 Sep 2009 00:00:00 GMT
In a recent compilation of commentary for the G-20 Summit in Pittsburgh, Domenico Lombardi discusses conclusions drawn from recent IMF governance reform consultations and states that it is time for the IMF to embrace transparency and accountability, in order to bring its practices into line with those of other international organizations.
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Wed, 23 Sep 2009 00:00:00 GMT
Saudi Arabia will join other Group of Twenty (G-20) nations this week to address the global economic recovery. In a discussion with the Middle East Youth Initiative, expert economist Hassan Hakimian explains that the government’s stimulus budget has helped to cushion the country from the worst effects of the recession. Yet, the long-term challenges of developing the non-oil, private sector and harnessing human capital remain.
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Wed, 23 Sep 2009 12:30:00 GMT
Event Information:
- September 23, 2009, 12:30 PM to 1:30 PM
At 12:30 on September 23, Colin Bradford, former chief economist at the U.S. Agency for International Development, and Fred Barbash, senior editor at Politico, answered questions about the G-20 Summit and global economic recovery.
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Wed, 23 Sep 2009 00:00:00 GMT
At 12:30 on September 23, Colin Bradford, former chief economist at the U.S. Agency for International Development, and Fred Barbash, senior editor at Politico, answered your questions about the G-20 Summit and global economic recovery.
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Tue, 22 Sep 2009 00:00:00 GMT
Pittsburgh's "new economy" may be the key reason for the city's star turn as host of the September 2009 G-20 summit. But Bruce Katz argues that the seemingly abstract, big-picture decisions made at the gathering have big implications for Pittsburgh’s “next economy” and for metropolitan areas across the nation.
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Tue, 22 Sep 2009 00:00:00 GMT
As leaders from the Group of Twenty (G-20) nations prepare to meet to take stock of the world's economy, the Middle East finds itself increasingly influenced by global trends and policies. Brookings expert Tarik Yousef and professor Ragui Assaad discuss Egypt's responses to the downturn and its future role in the global economy.
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Mon, 21 Sep 2009 00:00:00 GMT
When President Barack Obama addresses foreign leaders at the UN General Assembly and the G-20 Summit later this week, it’s a safe prediction that no one will boo or shout insults at him, at least within the halls, says Strobe Talbott. The hearing he gets in New York and Pittsburgh will reflect the astronomical popularity and hopes for his success that Obama enjoys around the globe.
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Mon, 21 Sep 2009 00:00:00 GMT
This week, President Obama places himself squarely at the center of multilateral diplomacy, first at the UN General Assembly and later at the G-20 Summitt in Pittsburgh. Bruce Jones and Richard Gowan examine the Obama administration's continuing investment in multilateralism and why it does not always pay off so easily.
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Fri, 18 Sep 2009 08:30:00 GMT
Event Information:
- September 18, 2009, 8:30 AM to 5:45 PM
On September 18, Brookings—jointly with the Asian Development Bank Institute and the Inter-American Development Bank—co-hosted a roundtable focusing on the global economic agenda for the fall of 2009. The roundtable served as a forum to enhance engagement and exchanges between experts from the U.S. and other G-20 countries on the critical issues to be addressed at these highlevel international gatherings.
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Thu, 17 Sep 2009 00:00:00 GMT
On September 24, President Obama will chair his first G-20 Summit in Pittsburgh. With the world economy improving, leaders will now focus their attention on economic recovery and restoring financial stability. Experts from Brookings Global Economy and Development program analyze top issues to be addressed at the summit and provide recommendations on how to effectively overcome global economic and governance challenges to ensure recovery now and to prevent future crises.
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Thu, 17 Sep 2009 00:00:00 GMT
As President Obama travels to the UN and G-20 summits, he will place himself squarely at the center of multilateral diplomacy. His administration has started to lay out its vision, but several tough questions, such as Security Council reform, have yet to be publically addressed. Bruce Jones and Richard Gowan assess President Obama's efforts to restore U.S. leadership in multilateral forums to date.
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Fri, 11 Sep 2009 00:00:00 GMT
Colin Bradford and Johannes Linn argue that the global crisis has moved the United States, along with the rest of the world, toward a new global economic order, with the G-20 summit as one of the principal manifestations of the new global governance system. In addition to the financial crisis, they say that the summit can also serve as a platform for addressing other pressing global issues, including trade, climate change, energy and food security and reform of global institutions.
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Thu, 23 Jul 2009 00:00:00 GMT
Chad P. Bown finds that although the G-20 committed to reduce trade protectionism and barriers following the start of the financial crisis, almost all of them have turned to trade “remedy” policy instruments in response to domestic industry demands for protection from import competition.
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Tue, 07 Jul 2009 00:00:00 GMT
Discounted by many observers only a year ago, the International Financial Instiutions (IFIs) have been bolstered by support of the G20 process. Domenico Lombardi discusses how the G20 can be used as catalyst for reform within international finance.
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Mon, 11 May 2009 00:00:00 GMT
Despite G-20 promises to reduce trade protectionism and barriers, Chad P. Bown shows through new data and a new report that protectionism increased and spread 18.8 percent during the first quarter of 2009.
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Thu, 09 Apr 2009 13:52:48 GMT
With stops in London for the G-20 Summit, France and Germany for NATO and additional visits to Turkey and Iraq, President Obama has completed his first major trip abroad as the nation’s leader. Darrell West examines the president’s overseas meetings and the impact they’ll have on his policies.
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Thu, 09 Apr 2009 00:00:00 GMT
Upon conclusion of last week's G-20 Summit in London, U.K. Prime Minister Gordon Brown suggested that the death of the Washington Consensus has been met with the rise of a new era of consensus. Daniel Kaufmann examines the Summit's communiqué and the global response to the financial crisis, finding more evidence of a shift toward pragmatism than the advent of a new ideology.
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Wed, 08 Apr 2009 00:00:00 GMT
Following the G-20 Summit in London, Lex Rieffel examines the three distinct voices reflected in the G-20 communiqué. He observes that the mix of voices reflected in the London Summit communiqué represents substantial progress compared to the pre-crisis pattern where the voices of the G-7 countries crowded out other voices.
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Thu, 02 Apr 2009 00:00:00 GMT
Economic conditions in emerging and developing countries are rapidly deteriorating and many are unable to implement recommended fiscal stimulus plans. Following the G-20 London Summit, Mauricio Cárdenas discusses the implications for Latin America and how multilateral development banks will play a role in economic recovery.
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Thu, 02 Apr 2009 00:00:00 GMT
The reordering of the global economic power structure has created a leadership void among emerging markets. Eswar Prasad believes India is in an ideal position to lead the emerging markets and urges them to step up.
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Wed, 01 Apr 2009 00:00:00 GMT
On April 2, international leaders, including representatives of regional organizations, will meet in London for the second G-20 Summit. The Chicago Council on Global Affairs and the Managing Global Insecurity project at Brookings have launched a special online forum asking experts and policy-makers from the G-20 nations to submit commentary on what their country hopes to accomplish at the meeting.
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Wed, 01 Apr 2009 12:43:39 GMT
On April 2, leaders of the world’s 20 largest economies will begin talks in London to focus on solutions for the global financial crisis. Johannes Linn previews the meeting and says there a number of actions they must agree on to help mitigate the economic crisis.
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Wed, 01 Apr 2009 00:00:00 GMT
At the London G-20 Summit, the leaders of the major new "great powers"—China, India and Brazil—will be prominent. Brookings scholar Colin Bradford and Martin Albrow, visiting senior fellow at the Centre for the Study of Global Governance, reflect on how the G-20 will only fill the vacuum at the center if it addresses the broader systemic crisis of responsibility and accountability that arises out of the West’s worship of the free market.
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Wed, 01 Apr 2009 00:00:00 GMT
Much has been made of a G-20 split on stimulus plans but is the debate warranted? In a new op-ed, Colin Bradford argues that Europe’s automatic stabilizers should count and what matters most is the total amount of global economic response, particularly for citizens suffering from the crisis.
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Tue, 31 Mar 2009 00:00:00 GMT
In the Turkish Ministry of Foreign Affairs journal, Colin Bradford and Johannes Linn assess the global impact of the G-20 Summit and insist that Turkey actively engages in the G-20 summit process in order to strengthen Turkey’s role as a respected and effective member of the international community.
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Mon, 30 Mar 2009 00:00:00 GMT
Global trade and reducing protectionism will be on the agenda at the G-20 Summit in London. Paul Blustein recommends an ambitious, but practical approach, advising that minimizing long-term damage to the trading system should be the overarching goal.
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Mon, 30 Mar 2009 00:00:00 GMT
Reform of the IMF and World Bank is one of the tasks for the G-20 Summit in London. Johannes Linn suggests steps for critical action to help ensure early recovery from the current global financial crisis and the future capabilities of these institutions.
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Mon, 30 Mar 2009 11:00:00 GMT
Event Information:
- March 30, 2009, 11:00 AM to 12:30 PM
Leaders of the world’s 20 largest economies, including President Barack Obama, will gather in London on April 2 for summit focused on the global financial crisis. On March 30, Brookings hosted a discussion with leading experts on the critical issues facing the leaders at the G-20 Summit.
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Fri, 27 Mar 2009 00:00:00 GMT
In the final part of his series in The Globalist, Lex Rieffel sees 2010 as an exceptional opportunity for change which could result in the creation of a combined G-8/G-20 Summit in mid-2011. With Barack Obama still in his first term, he predicts major shifts in membership that will better reflect the new global power structure.
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Thu, 26 Mar 2009 00:00:00 GMT
As more nations are included in the G-8 process, many are questioning what the future of the forum may be. In the third part of his series in The Globalist, Lex Rieffel looks towards the changing dynamics of Italy’s July Summit — and what lies beyond for Great Britain and the Obama Administration.
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Thu, 26 Mar 2009 00:00:00 GMT
Leaders of the Group of 20 (G-20) countries met in London on April 2 for their second summit on the global financial crisis. In a new set of articles, Brookings experts addressed the critical issues for policy-makers and offered guidelines for more effective global coordination.
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Thu, 26 Mar 2009 12:39:12 GMT
As the global economic crisis continues, Mauricio Cárdenas says emerging economies in Latin America and elsewhere are hit especially hard. He says G-20 members must urge the multilateral banks to continue lending to the region and adds that without such assistance the crisis will only worsen.
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Wed, 25 Mar 2009 00:00:00 GMT
Among the powerful members of the G-8 and G-20, which countries serve as advocates not just for themselves, but for their entire region? And what motivates them to do so? In a recent commentary in The Globalist, Lex Rieffel explains how Indonesia is able to speak for ASEAN, while China is only able to speak for itself.
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Tue, 24 Mar 2009 00:00:00 GMT
The "geometry" of global summitry is in flux. A new global governance forum will eventually emerge from the existing G-8 and G-20. As Lex Rieffel explains in a recent commentary in The Globalist, several factors point toward the emergence of a G-15 consisting of five "old powers," five "new powers" and representatives of five otherwise under-represented regions.
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Fri, 20 Mar 2009 00:00:00 GMT
Although few developing countries have systemic importance in terms of aggregate world demand, they need supportive global policy action for systemic economic reasons. Kemal Derviş recommends that they should request IMF reforms, greater fiscal support, and more humanitarian development assistance at the G-20 London Summit.
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Thu, 19 Mar 2009 00:00:00 GMT
Under the pressure of the current crisis, the international community is carving out a new role for the IMF. Among Domenico Lombardi's recommendations is making the decision-making system more transparent and inclusive.
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Mon, 16 Mar 2009 00:00:00 GMT
President Barack Obama's election held potential promise for Africa, but attention to many key areas of development has been diverted by pressing U.S. domestic issues. Richard Joseph recommends that a side meeting in London, before the G20 Summit, between Obama and several African finance ministers could yield concrete suggestions for urgent action.
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Mon, 16 Mar 2009 00:00:00 GMT
In an interview with NPR's On Point, scholars Eswar Prasad and Kenneth Rogoff discuss the current banking and global finance issues, and the importance of global leadership as the G-20 Summit approaches.
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Sat, 14 Mar 2009 00:00:00 GMT
Global trade has declined considerably in the wake of the global financial crisis due to decreased demand and increased protectionism. Arvind Panagariya advises the G-20 nations on how to reinvigorate trade to stimulate economies through specific recommendations aimed at restoring the flow of goods and finances.
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Wed, 11 Mar 2009 00:00:00 GMT
Financial turmoil may well continue, which is why government cooperation at the April 2nd G-20 meeting in London is badly needed to mitigate the effects of the crisis and to avoid beggar-thy-neighbor policies. Ralph Bryant argues that a collective bargain among all nations is required to support near-term actions and to reform the institutions for the longer run, and identifies specific short-term commitments.
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Tue, 10 Mar 2009 00:00:00 GMT
Will the G-20 be able to offer recommendations for the outdated governance systems of the IMF and the World Bank? Domenico Lombardi suggests a focus on the Bretton Woods model could provide the needed guidance.
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Tue, 10 Mar 2009 00:00:00 GMT
What would help governments move beyond short-term solutions to the financial crisis and towards efforts to regain global financial stability? Eswar Prasad proposes creating an insurance pool for the Group of 20 largest economies in order to reduce incentives for reserve buildups and help focus policymakers on the international consequences of domestic actions.
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Thu, 05 Mar 2009 00:00:00 GMT
In a special VoxEU.org compilation of research and analysis to address the negative effects of the financial crisis on global trade, Chad Bown examines the increase in protectionism and antidumping among WTO members.
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Thu, 05 Mar 2009 00:00:00 GMT
Almost all of the G-20 countries have agreed to some type of fiscal stimulus plan to get their economies back on track but how strong are the plans and what measures are included? Eswar Prasad and Isaac Sorkin analyze the G-20 stimulus plans in detail in new research.
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Tue, 03 Mar 2009 00:00:00 GMT
Prime Minister Gordon Brown visits Washington this week to push for a “global new deal” to help countries recover from the global financial crisis. In a new Q&A, Brookings’s Eswar Prasad discusses the critical global economic issues for Brown’s Washington agenda.
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Mon, 02 Mar 2009 00:00:00 GMT
In April, leaders of the G-20 Summit will gather in London for a second meeting. In the March edition of The World Today, Colin Bradford discusses challenges they will face and how to make this governance mechanism work for the good of the international community.
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Wed, 25 Feb 2009 00:00:00 GMT
The April 2, 2009 G-20 Summit should focus on easing the impact of the global financial crisis—particularly on the world’s poor. Leading up to the summit, Johannes Linn lists recommendations for critical World Bank reform so that the global institution can aid the developing world during this time of crisis.
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Mon, 16 Feb 2009 00:00:00 GMT
Secretary of State Hillary Clinton's first overseas trip will include a visit to Indonesia. Lex Rieffel explains how engagement with Indonesia will be key to U.S. relations with Asia.
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Mon, 09 Feb 2009 09:00:00 GMT
Event Information:
- February 09, 2009, 9:00 AM to 6:00 PM
In advance of the April G-20 leaders' summit in London, Brookings organized a high-level seminar with the British government and relevant experts to discuss and debate the most critical issues for the summit meeting. British Prime Minister Gordon Brown made introductory remarks at the session, calling for a "bold leap forward" to prevent future financial crises, and noted that the IMF and World Bank need to change their roles post-crisis.
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Mon, 17 Nov 2008 00:00:00 GMT
What were the biggest outcomes of the G-20 summit on the financial crisis? Mauricio Cardenas examines the results and notes which steps were worthwhile, what is next and what is left hanging.
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Mon, 17 Nov 2008 00:00:00 GMT
Following the G-20 summit, Colin Bradford analyses the outcomes of the meeting and the governance implications, noting the G-20 has now de facto replaced the G-8.
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Mon, 17 Nov 2008 00:00:00 GMT
Despite having seats at the G-20 summit table, emerging market countries are only beginning to work within the broader system, argues Lex Rieffel in a new commentary post-summit, and big tasks lie ahead for the global financial system and the future of the G8/G-20.
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Mon, 17 Nov 2008 00:00:00 GMT
At the G-20 summit, leaders pledged to strive to reach an agreement on the Doha Round this year and also resist the temptation to raise new barries to investment and trade. Paul Blustein, an expert on the WTO, discusses the outcome and what is ahead for the global trade agenda.
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Fri, 14 Nov 2008 00:00:00 GMT
In a recent article, Erik Berglöf discusses what G-20 leaders must do to stabilise our economy and fix the financial system.
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Fri, 14 Nov 2008 13:00:00 GMT
Event Information:
- November 14, 2008, 1:00 PM to 2:30 PM
For the first time, leaders of G-20 countries gathered in Washington for an emergency summit on the global financial crisis. Brookings experts discussed the critical issues, including what is at stake and what can be accomplished, at a briefing on Friday, November 14.
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Wed, 12 Nov 2008 00:00:00 GMT
Leaders from G-20 countries gathered in Washington, D.C. to address a financial crisis whose evolution highlights a dramatic shift in the global economy. In a new report, Brookings Global experts examine seven key issues at stake and make recommendations for next steps.
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Wed, 12 Nov 2008 00:00:00 GMT
As G-20 leaders prepared to meet in November, many called for a “Bretton Woods II” as the next step toward preventing future financial meltdowns. Lex Rieffel argues that this proposal is problematic because it lumps the World Bank with the IMF and argues for a strengthened IMF.
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Fri, 24 Oct 2008 00:00:00 GMT
President Bush recently announced that he has invited the G-20, or the heads of state from the top 20 industrialized and developing economies, to join an economic summit in Washington on November 15. According to Johannes Linn and Colin Bradford, inviting the full G-20 to discuss the current global financial crisis represents a critical step in reforming financial and economic stability, relations and institutions.
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Wed, 17 Oct 2007 00:00:00 GMT
Leonardo Martinez-Diaz examines if the influence of developing countries has been strengthened after eight years of participation in the Group of Twenty Finance Ministers and Central Bank Governors (G-20).
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Fri, 13 Jul 2007 00:00:00 GMT
Opinion by Johannes F. Linn and Colin I. Bradford, Frankfurter Allgemeine Zeitung (7/13/07)
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Sat, 01 Apr 2006 00:00:00 GMT
Policy Brief #152 by Johannes F. Linn and Colin I. Bradford, Jr. (April 2006)
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Wed, 22 Sep 2004 09:00:00 GMT
Event Information:
- September 22, 2004, 9:00 AM to 12:30 PM
The Poverty & Global Economy Initiative (PGE) at Brookings held a workshop on the possibility of the G-20 replacing the G7/G8. The workshop was chaired by Colin Bradford and Johannes Linn with more than thirty participants from universities, think tanks and international organizations.
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Mon, 14 Jun 2004 00:00:00 GMT
Letter to the Editor by Colin I. Bradford and Johannes F. Linn, London Financial Times (6/14/04)
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Thu, 01 Apr 2004 00:00:00 GMT
Brookings Policy Brief #131 by Colin I. Bradford, Jr. and Johannes F. Linn. (April 2004)