G20: Global Finance & Business Strategies


Book Description

The G20, or Group of Twenty, is an international forum consisting of 19 countries and the European Union. It was established in 1999 to promote international financial stability and sustainable economic growth. The G20 represents about 80% of the world's GDP, and its members include the United States, China, Japan, Germany, the United Kingdom, and many other major economies. Global finance and business strategies are topics of great importance in today's interconnected world. The global financial system plays a crucial role in facilitating trade, investment, and economic growth, while businesses operate in an increasingly competitive and rapidly changing environment. Strategies for success in this environment must take into account factors such as technological advancements, changing consumer preferences, and geopolitical risks. This book will explore these topics and provide valuable insights for policymakers, business leaders, and investors. It covers a wide range of topics, including macroeconomic trends, financial regulations, international trade, and corporate strategy. The book "G20: Global Finance & Business Strategies," is likely to focus on the role of the G20 in promoting global economic stability and the strategies that businesses can adopt to succeed in this environment.




Global Financial Governance Confronts the Rising Powers


Book Description

Rising powers pose challenges for global governance, substantively and institutionally, in the domain of financial and macroeconomic cooperation.




Business Strategy E Magazine


Book Description

Media technological advances have altered the way we consume and engage with information in today's fast changing digital environment. Each new innovation—from the printing press to the OTT—has revolutionized the media landscape and the way it affects society. It's critical to understand the tremendous changes that have already taken place and the ramifications for the future as we approach a new age in media technology. I visited and participated at the International Broadcasting Convention 2023, held at Amsterdam and was amazed with the huge landscape of media technology software and hardware developing pace. Media technology has made incredible strides in recent years due to machine learning and artificial intelligence. By curating personalized content recommendations, algorithms make it simpler for consumers to find content that is relevant to their interests. Immersive storytelling experiences are made possible by virtual and augmented reality technologies, which is altering how we interact with media material. However, these advancements raise important ethical and societal questions. The growth of deep fakes challenges the authenticity of media, making it increasingly difficult to discern fact from fiction. The algorithms that power content recommendations can lead to filter bubbles and echo chambers, reinforcing people's existing beliefs and limiting exposure to diverse perspectives. As we look ahead, let us embrace these advancements as tools for progress, making the media an even more influential force for positive change in our world.




Europe’s Place in Global Financial Governance after the Crisis


Book Description

In the years leading up the global financial crisis, the European Union (EU) had emerged as a central actor in global financial governance, almost rivalling the United States in influence. While the USA and the EU continue to dominate financial rule setting in the post-crisis world, the context in which they do so has changed dramatically. Pre-crisis ideas about laissez-faire regulation have been discarded in favour of more interventionist ones. The G20 and the Financial Stability Board have been charged with stronger coordination of global efforts. At the same time, jurisdictions have re-emphasized the need "to get their own regulatory house in order" before committing to further global harmonization. And through banks failures and massive bail-outs, the financial sector – hitherto a driving force behind the cross-border integration of finance – has been reconfigured. This book asks a straightforward question: what have these and other key post-crisis trends in global finance done to the position that the European Union occupies in it? The contributions to this book analyse the link between financial governance in the European Union and on the global level from diverse theoretical angles, and they cover the main issues that will shape the future European role on the global regulatory stage. This book was published as a special issue of the Journal of European Public Policy.




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.




Why International Cooperation Is Failing


Book Description

Since the global financial crisis of 2008/09, international cooperation has failed to curb volatile financial markets. Changes in the global rules of finance discussed in the G20 during the last decade remain limited, and it is uncertain whether they are suitable to help mitigate and manage future crises to come. This book offers an alternative to the popular notion that this failure is the result of the 'nature' of the international system, the clash of national egoisms, or lack of leadership. It instead investigates problems of international cooperation by looking at their deeper structural origins in the competition of different models of capitalism. US finance-led, EU integration-led, and East Asian state-led capitalism complement each other globally but have conflicting preferences on how to regulate international finance. This interdependence of capitalist models is relatively stable but also prone to crises caused by volatile financial flows, global economic imbalances, and 'currency wars'. By bringing together approaches from International Political Economy and Comparative Capitalism, this book shows that regulating international finance is not a technocratic exercise of fine-tuning the machinery of international institutions, but rather a political process. International cooperation can only be successful if it goes hand in hand with deep domestic changes in each of these capitalist models.




UNDP's Private Sector and Foundations Strategy for the Sustainable Development Goals 2016-2020


Book Description

UNDP’s Private Sector and Foundations Strategy for the Sustainable Development Goals 2016–2020 defines how UNDP plans to engage with – and work on – sustainable development issues with the private sector and philanthropic foundations. The goal is to enable these actors to become transformative partners in implementing all Sustainable Development Goals (SDGs) in order to achieve UNDP’s vision of poverty eradication and a reduction in inequalities. The strategy aims to position UNDP as a partner of choice for the private sector and foundations in SDG implementation, while maximizing the impact of the private sector and philanthropy on sustainable development. The target audience for this strategy includes our partners in the private sector and philanthropy as well as UNDP Headquarters units, regional bureaux, regional hubs and country offices that work with the private sector and foundations on development issues. It explains UNDP’s programmatic approach in working directly with the private sector and foundations as well as with other partners involved in development. By engaging the private sector and foundations through this strategy, UNDP can support governments to establish an enabling environment for aligning these stakeholders’ core operations with the SDGs. This strategy is complementary to UNDP’s Green Commodities and Trade Guidance Note, UNDP Guidance Note on Jobs and Livelihoods, UNDP’s Strategy for Supporting Sustainable and Equitable Management of the Extractive Sector for Human Development, International Financial Institutions Partnership Strategy 2016-2020, the Recovery Strategy, UNDP support to the implementation of the 2030 Agenda for Sustainable Development Policy and Programme brief and the Mainstreaming, Acceleration, Policy Support Approach (MAPS) enabling responsive, coherent and inclusive support to the implementation of the 2030 Agenda for Sustainable Development.




Rethinking Regulation of International Finance


Book Description

Why have financial standards and institutions almost always failed to effectively predict and respond to real-world financial crises? The answer, this challenging book shows, is that international financial law suffers from a persistent lack of judicial or quasi-judicial enforcement mechanisms, leaving flaws in the structure of the international financial system that lead inevitably to excesses that threaten the public good of global financial stability. The author, an internationally renowned legal expert on financial and fiscal reforms, responds to the increasingly urgent call for rethinking the structure and the functioning of international financial law. Centering on the concept of enforcement – which continues to be an unresolved issue in the discipline of international financial law – the analysis describes the likely contours of hard-law regulatory reform. It weighs the pros and cons of much-talked-about regulatory and policy issues like the following and more: – policy implications from the transformation of finance from a domestic to an international concept; – new or revised supervisory and regulatory bodies with redefined mandate, jurisdictions and powers; – possibility of a treaty-based structure similar to the European Union’s integration framework; and – consolidation of crisis-prevention and crisis-management policies; The analysis takes into account instances from trade and monetary systems pertinent to the development of the discipline of international financial law. A concluding chapter explores possibilities for putting in place an asset-backed resilient financial system based on risk-sharing and empowered to legislate reform and authorized to seek compliance from its members. With its provision of unconventional alternatives for further development of international financial law to realize stable, predictable and robust international markets – including early-warning systems and fully primed crisis-prevention mechanisms – the book explores the essential link between global financial stability, effective regulation and institutional development that will engender realistic global policy solutions. It will prove to be of great importance to regulatory and legal practitioners as well as to academic and think-tank scholars.




Challenges For The Singapore Economy After The Global Financial Crisis


Book Description

This book is a collection of invited and selected papers from the Singapore Economic Policy Forum 2009 around a central theme, Challenges Facing Singapore in the Post-Crisis Era and Policy Responses.There are very few books on the Singapore economy. This one is largely non-technical in nature and brings the reader up to speed on the key issues facing policymakers in Singapore in the wake of the worst financial crisis since the Great Depression. The contributors are all experts in their field and have extensive experience of the Singapore economy. The book also offers an international dimension to look at the role of China in the Asian economy and the impact on Asia of reforms to the international financial architecture.




How Inclusive is Inclusive Business for Women?


Book Description

Inclusive businesses are commercially viable business models that provide in-scale innovative and systemic solutions to problems relevant to the lives of low-income people. Inclusive business companies often involve women in their value chain and provide specific services that help low-income women. This report assesses the extent to which inclusive business models promote women's economic empowerment. Examples come from the inclusive business portfolios of Asian Development Bank, Inter-American Development Bank and International Finance Corporation. The report finds that inclusive businesses are indeed bringing positive change to women’s lives and that addressing gender-based constraints also yields business benefits. However, a company’s financial return and its social impact can be maximized only if companies understand and address systemic issues of gender inequality.