Tuesday 20 Nov 2018 | 22:56 | SYDNEY
What's happening on

G20 must save the WTO, among other things...

As John Lennon wrote, 'life is what happens when you are busy making other plans.' How true for Australia's plans for the G20. Life is not being kind in the lead-up to the Brisbane G20 Summit. The head winds for the summit so far include: International organisations (the IMF and World Bank)

BNP Paribas fine is G20's dollar dilemma

There are many countries which do not much like the central role of the US dollar. But while they generally (and grudgingly) agree that there is not much to be done about it for now, a punishment recently meted out by US financial regulators against BNP Paribas (BNPP) has incensed European leaders

G20: The case for an inclusive growth target

Earlier this year Treasurer Joe Hockey negotiated a significant commitment among G20 Finance Ministers to aim for an additional 2% of global growth over the next five years. As countries develop their action plans for achieving this goal in the lead-up to the next G20 Finance Ministers' meeting in

Time to put security issues on G20 agenda

Given developments in the Ukraine and tensions elsewhere in the world, the time has come to put security and geo-political issues directly on the agenda for the meeting of G20 leaders, and for those leaders to bring their foreign ministers to the Brisbane Summit. Soon after President Bush announced

Will Putin go to the Brisbane G20 Summit?

One consequence of the tragedy over MH17, apparently at the hands of Russian-backed separatists, is that it raises the question of whether President Putin should attend the Brisbane G20 Summit in November. Some newspapers are reporting that Australia is threatening to ban Putin. The predominant

Global financial crisis: Did the system really work?

Much of the mountain of commentary and analysis of the 2008 Great Recession has been either critical (Paul Krugman might be typical), or a self-interested defence (Tim Geithner and Larry Summers provide examples). Daniel Drezner's The System Worked is atypical in two respects: he was not a

Climate change: The G20 can add value

Yesterday I gave an interview to the Sydney Morning Herald for a story published today: 'Stopping climate change talks "could hurt" G20' (p. 8 in the paper version). Here I want to offer a little more background to the three direct quotes that made it to the final story: Climate change will be

Infrastructure, tax, energy

This issue of the Monitor focuses on the role of the G20 in infrastructure, tax and energy governance. The Monitor opens with a reflection on a conference jointly hosted by the Reserve Bank of Australia, the Productivity Commission and the Lowy Institute, titled ‘Financial Flows and Infrastructure

G20: BRICS muscle up over Russia

The good news is that the odds are clearly in favour of the Brisbane G20 Summit going ahead: Sportsbet is offering $1.05 that the Summit will be held and $8.00 that it won't. The bad news is the fact that odds are being offered at all, even if they are long. The question mark that has arisen over

Global cooperation among G20 countries: responding to the crisis and restoring growth

At the outbreak of the global financial crisis, 2008, the G20 was widely acknowledged as helping prevent an even more serious decline in the global economy. It helped to calm the panic in financial markets and articulate a set of possible policy options to restore global stability and growth.

Tony Abbott's G20 vision at Davos: It's a start

On 23 February Prime Minister Abbott delivered a much anticipated speech to World Economic Forum at Davos outlining Australia's vision for the G20. The immediate response on Twitter was largely negative.  Chris Giles from the Financial Times tweeted: 'sign of the times, Rouhani (President of Iran

Australia takes the G20 chair: Now what?

The starter's gun has fired on Australia's G20 presidency. It was a low key start. The Prime Minister's media release was very brief. This is a positive. The G20 should always be business-like, with the focus on achieving substantive outcomes rather than on the event itself. Start to worry if we

Thoughts from the 'father of the G20'

Mike Callaghan is Director of the Lowy Institute's G20 Studies Centre. Former Canadian Prime Minister Paul Martin is often referred to as 'the father of the G20’. While Canada’s finance minister, he was the driving force behind the establishment of the G20 and was selected by the G7 in 1999 to

The clock is ticking on G20 preparations

In this op-ed for the Australian Financial Review, Director of the G20 Studies Centre, Mike Callaghan, discusses the essential steps the government should take in chairing the G20, including authoring a concept paper and encouraging leader engagement

Playbook for the Brisbane G20 summit

Australia will chair the G20 for 12 months from 1 December 2013. It will be the largest international economic meeting ever held in Australia. This paper outlines the strategy, priorities and steps required for the Brisbane G20 summit to be a success – it is a ‘playbook’ for

US shutdown just the latest G20 headache

Mike Callaghan is Director of the Lowy Institute's G20 Studies Centre. When G20 finance ministers meet in Washington, DC at the IMF Annual Meetings on 10-11 October, there will much  to discuss and worry about. A glance at the headlines identifies many of the issues that should be on their minds

The election's G20 factor

One of the more unanticipated explanations for the Rudd government’s delay in announcing the date of election 2013 is the need to factor in the G20 leaders’ summit on September 5-6 in St Petersburg. 

If the G20 is so great, why isn't Rudd going?

Hugh Jorgensen is a Research Associate in the Lowy Institute's G20 Studies Centre. It took me three years of work to get us into the G20. We are hosting it next year. To have this jammed up against a federal election date is a problem and if I can overcome that problem I will. — Kevin

G20 needs to ask the big questions

In an opinion piece for The Australian Financial Review, Director of the G20 Studies Centre, Mike Callaghan, writes about the current state of international financial regulation, and the contribution Australia can make in this area when it chairs the G20 in 2014

G20 on tax avoidance: Talk or action?

Mike Callaghan is Director of the Lowy Institute's G20 Studies Centre. There were reports prior to the G20 finance ministers' meeting in Moscow on 19-20 July that, while G20 gatherings do not always set the pulse racing, this gathering had a better chance than most of grabbing the attention of

G20: Rudd should go because it's important

Mike Callaghan is Director of the Lowy Institute's G20 Studies Centre. The G20 Leaders' summit in St Petersburg on 5-6 September 2013 continues to be a factor influencing the timing of the Australian federal election. But it says something about the status of the G20 when commentators argue that

G20 needs sharp focus

Mike Callaghan, Director of the G20 Studies Centre at the Lowy Institute, writes in an opinion piece in The Australian Financial Review on the challenges for Australia as it takes over as chair of the G20 in December 2013

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