The Group of Twenty (G20)


Book Description

The Group of Twenty book will provide a concise examination of the purpose, function and practice of the Group of Twenty (G20) summit with particular attention to its designation as a new "premier forum for international economic cooperation." This book will provide insight and analysis on the G20 beyond its composition, offering a detailed examination of the ongoing shift in economic power and the momentum toward global institutional reform.




Global Leadership in Transition


Book Description

Offers steps to bring the G20 into even more relevance in becoming a leading force in the global economy, rivaling even that of the G8. Original.




G20 Since the Global Crisis


Book Description

This book analyzes the Group of Twenty (G20) since the 2008 financial crisis. The latter event undermined conventional wisdom and governance norms, constituting a more contested international economic regime. G20 leaders sought a cooperative response to the 2008 crisis through the forum, aware of their interdependence and the growing economic importance of key developing states. They agreed to new norms of financial governance based on macroprudential regulation, the Basel III Accords, and enhanced multilateral cooperation. They prioritized G20 cooperation for achieving international economic stability and growth. Differences exist over causes and effects of the crisis, including on the merits of economic austerity or fiscal stimulus strategies; on responsibility for and solutions to international economic imbalances; and concerns about monetary policies and “currency wars”. Despite claims from skeptics that G20 cooperation is declining, this book argues its importance for international relations and as a hub of global governance networks.




G20 Governance for a Globalized World


Book Description

This book offers the most thorough, detailed inside story of the preparation, negotiation, performance, and achievements of G20 gatherings from their start at the finance level in 1999 through their rise to become leader-level summits in response to the great global financial crisis in 2008. Follow the moves of America’s George Bush and Barack Obama, Britain’s Gordon Brown and David Cameron, Canada’s Stephen Harper, Germany’s Angela Merkel, and other key leaders as they struggle to contain the worst global recession since the Great Depression of the 1930s. This book provides a full chapter-long account of each of the first four G20 summits from Washington to Toronto with summaries of the ensuing summits. It uses international relations theory to build and apply a model of systemic hub governance to back its central claim to show convincingly that G20 performance has grown to successfully govern an increasingly interconnected, complex, crisis-ridden, globalized twenty-first century world.




The G8 System and the G20


Book Description

The Group of Eight has become a central actor in global governance with a steadily expanding role and agenda. The leaders' summits remain at the apex of the G8 system, but the leaders' work is complemented by intensifying and expanding networks of ministerial fora as well as various task forces and expert groups. Some of these entities, initially launched by the leaders, have taken on a life of their own with an agenda that diverges from the main concerns of the summits. Following on from Hajnal's acclaimed book The G7/G8 System, this volume discusses the origins, characteristics, evolution, role and agenda of the G7 and G8 system, including a systematic survey of its components. It introduces the major debates about the G7 and G8, looks at proposals to reform the G8-G20 and provides a detailed study of the complex, elusive and changing patterns of documentation of the broader G8-G20 system, including electronic information.




How the G20 Can Hasten Recovery from COVID-19


Book Description

The world's leading economic powers must cooperate more to combat the health and economic shocks resulting from the COVID-19 pandemic. In a new free eBook, PIIE Briefing, How the G20 can hasten recovery from COVID-19, Peterson Institute experts outline how collective action by the Group of Twenty (G20) nations can make a difference. The PIIE agenda includes removal of trade barriers impeding the flow of medical supplies and food, and more money for research, testing, and disease control, especially for debt-burdened low-income countries. The World Bank and the World Health Organization need more resources to relieve suffering, and the International Monetary Fund must step up to stabilize the world financial system.




The Group of Twenty (G20)


Book Description

This work offers a concise examination of the purpose, function and practice of the Group of Twenty (G20) summit. Providing a comprehensive historical account of the G20 Finance Ministers and Central Bank Governors process, the text then moves on to outline the conditions, events and debates that led to the formation of the permanent, expanded leaders’ level forum. The historical span of the G20 Summit process is not long, but the global transformations that precipitated it are crucial when seeking to understand it. Cooper & Thakur explore a variety of major debates, including: Governance by self-selected groups versus mandated multilateral organizations the legitimacy of informal leadership the issue of the G20’s composition of both ‘solution’ countries and ‘problem’ countries the role of the emerging powers new conceptions of North-South relationships This work offers a detailed examination of the ongoing shifts in economic power and the momentum toward global institutional reform, illustrating how the G20 has moved from a crisis committee to the premier global forum over this short but intense history, and mapping out its comparative advantages and key challenges ahead.




India in the G20


Book Description

This book analyses the importance of the G20 to India, its role so far, and how it can leverage its presidency year to be an influential author of new global rules. In 2023, India will be the President of the G20 Summit, the world’s most influential multilateral economic forum. For countries like India, the G20 is a unique global institution, where developed and developing countries have equal stature. This creates opportunities to showcase their global political, economic and intellectual leadership, have a significant impact on the global economic governance agenda and make it more inclusive. This volume discusses how the Presidency year gives India the opportunity to ‘... hold the pen, write the rules’ and lead the G20 year intellectually, financially, managerially and administratively. It provides a ringside view of India’s path to the G20 Presidency and examines issues such as the core agenda of the G20; explains the significance of forums like T20, B20, and their proliferations; India’s journey as a marginal player in the G20 to its current status; issue of dedicated leadership and management; and India’s Agenda for 2023. Topical, timely, important and lucidly written, this book in The Gateway House Guide to India in the 2020s series will be key reading for scholars and researchers of economics, multilaterals, global governance, strategic studies, defence studies, SAARC, UN Studies, foreign policy, international relations, international economics and international trade, as well as interest to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia and multilateral agencies, and business.




Financial sector taxation


Book Description

"The global economic and financial crisis has created important needs for fiscal consolidation. This document analyses potential instruments to raise additional tax revenues from the financial sector. The first section reviews the current policy objectives related to the taxation of the financial sector. The second section sheds some light on the current tax treatment of the financial sector. The third section discusses potential tax instruments to reach the goals. The fourth and fifth section respectively assess the advantages and drawbacks of a Financial Transaction Tax and a Financial Activities Tax."--Editor.




Globalization and Development


Book Description

This book presents economic and socio-cultural perspectives on globalization from emerging markets. It explores the links between globalization and development, and reveals the dynamics, strengths and weaknesses, trends in and implications of globalization in emerging market economies. Gathering papers by leading experts in the field, it shares essential insights into the history and status quo of globalization processes and structures; identifies the opportunities provided by and risks posed by globalization; and sheds light on the way to global peace. The topics addressed range from globalization development within the Group of Twenty (G20), populist events such as “Brexit” as a form of historical irony, and a zeitgeist analysis of the globalization spirit; to the evolution of higher education and public administrative systems under the weight of globalization; not to mention emerging topics such as the informal economy and new rules for fleecing the South in the newly globalized trade system.