International Women's Day was celebrated yesterday, and there is cause for optimism with regards to progress in women's rights and important commitments undertaken to reduce gender inequality.
Many international organisations came out in strong support of the day, including UN Women and the IMF. In
Is this a silly question to ask, given the reported low taxes paid by Google, Apple, Yahoo, Starbucks and others? The G20 and OECD think there is a major problem and have launched an Action Plan to combat 'base erosion and profit shifting' (BEPS).
But many of the submissions to the Australian
Australia had a prime chance to demonstrate its adult status in chairing the G20 Summit this year. What did it do with the opportunity?
It showcased some of the characteristic behaviours of an adolescent country, my term for Australia in a new Lowy Institute Paper. Tantalisingly, it also showed
The G20 party may have ended in Brisbane, but the show rolls on. The leaders' forum will head to Turkey in 2015 and, in his final act as G20 chair for 2014, Australian Prime Minister Tony Abbott confirmed 2016 will see leaders heading to China.
I've just co-written a paper on what the first ever
Financial stability was not the most headline-grabbing topic discussed at the Brisbane G20 meeting, but judging from the official communique word-count (a full 175-word paragraph in the three-page document, plus four substantial items in the annexes), a fair bit must have happened.
I am from Brisbane, and somewhat ironically, my original ticket out of this city was the G20 analysis I conducted while studying and working at the University of Queensland. In a serendipitous turn of events, Australia and my hometown city were announced as 2014 G20 hosts during that research, which
With the Brisbane G20 Summit on this weekend, The Interpreter's usual weekend catch-up makes way for a 'best of' our G20 material from the past year. The Lowy Institute's G20 Studies Centre has been publishing on all aspects of the Summit, including what the presidency has meant for Australia, as
By Hugh Jorgensen, Research Associate and Tristram Sainsbury, Research Fellow, both at the Lowy Institute's G20 Studies Centre.
Infrastructure has been a priority of the Australian G20 presidency, but we haven't seen much in terms of bricks and mortar proposals. Until now.
Writing in The
Of the 60-plus official meetings that have taken place under Australia's 2014 G20 presidency, a grand total of one has managed to produce a final communiqué or meeting report that mentions the word 'inequality'. To be fair, it does mention it twice: the 10-11 September declaration of G20 Labour and
The Lowy Institute's G20 Studies Centre will present a weekly selection of links in the lead-up to the Brisbane G20 Leaders’ Summit on 15-16 November.
European Commission President José Manuel Barroso and European Council President Herman Van Rompuy have issued a joint letter to EU leaders
This issue of the G20 Monitor provides a guide to the policies that G20 members will have to tackle to achieve the G20’s 2 per cent growth target, drawing on the recommendations of the IMF, OECD and a number of international think tanks
The Director-General of the World Trade Organisation (WTO), Roberto Azevedo, says the institution has descended into 'paralysis'.
Director-General of the World Trade Organisation, Roberto Azevedo, Bali, 2013.
Following the failure to get India to remove its objection to advancing the
While the media focus has been on the possible confrontation between Prime Minister Tony Abbott and Russian President Vladimir Putin at the upcoming Brisbane G20 Summit, it is the Ebola crisis that may yet take centre stage.
If the virus outbreak continues to confound international efforts over
In this Lowy Institute Analysis, G20 Studies Centre Director Mike Callaghan examines what outcomes from the Brisbane G20 Summit in November would help reinvigorate the forum and render this year's Summit a success
Last weekend's meeting of G20 finance ministers in Cairns achieved more than many other similar G20 meetings. But will it 'change the destiny of the global economy' as claimed by Treasurer Hockey? It could, but only if G20 countries deliver on their good intentions with policy action.
This issue of the G20 Monitor discusses the reform of international economic institutions, financial regulation, and the trade, accountability and anti-corruption agendas at the forthcoming Brisbane G20 Summit. It also provides a summary of the key ideas from the ‘G20 Conference: Strengthening
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)
The 12th edition of the G20 monitor contains an overview from John Lipsky on the G20’s role in global governance after the global financial crisis; a paper by Geoff Weir on the G20, Thomas Piketty, and inequality; thoughts from Hugh Jorgensen and Christian Downie on multilateral energy governance
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
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
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
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.
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
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
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
Will Prime Minister Abbott be discussing inequality with fellow G20 leaders when they gather in Brisbane this November?
He would if civil society and the labour movement had their way. The C20 (civil society) has 'inclusive growth and employment' as its top priority for the Brisbane summit. The
The IMF/G20 meetings in Washington last week were not good for the US. And things may get worse.
Instead of focusing on the possibility of additional economic sanctions on Russia, which no doubt would have been the desire of the US, the headlines were 'G20 gives US ultimatum over IMF reforms'.
G20 finance ministers and central bank governors meet (yet) again in Washington today under the chairmanship of Joe Hockey and Glenn Stevens. This meeting is not getting as much publicity in Australia as the meeting held in Sydney in late February.
Admittedly it is only seven weeks since the
Leading analysts from influential think tanks from 11 countries across the world provide their interim assessment of the Australian G20 presidency in this report. They all participated in last year’s Think20 meeting in Sydney, organised by the Lowy Institute, and are now discussing whether
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
Co-authored by Hugh Jorgensen.
What are the implications of Russia's action in the Ukraine for the G20?
Australian Foreign Minister Julie Bishop says she is considering refusing to engage with Russia over the agenda for this year’s G20 summit. As the immediate past chair of the G20, Russia is
Finance ministers and central bank governors from countries representing 85% of the world's economic output who gathered in Sydney last weekend agreed to lift their combined five-year GDP forecast by more than 2%. In real terms, the pledge would add US$2 trillion to the world economy.
Well, not all G20 finance ministers came to Sydney this weekend. No-shows were from South Africa, Brazil, Mexico, Italy and the World Bank president.
The Guardian reported that the number of ministers failing to show up to Sydney was an indication of the G20's fall from grace. This was a bit
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.
Treasurer Joe Hockey's speech at the Lowy Institute today picked up on, and in some areas expanded upon, many of the issues raised in Prime Minister Abbott's G20 address in Davos.
As Mike Callaghan noted of the Prime Minister's comments in Davos, the Treasurer's speech bore the imprint of its
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
On 1 December 2013, Australia began its twelve-month presidency of the G20, a role that will culminate with the chairing of the Brisbane G20 summit, 15-16 November 2014. The ‘Think20’ is a network of think tanks and academics from G20 countries that are working to provide&
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
Hugh Jorgensen is a Research Associate in the Lowy Institute's G20 Studies Centre.
Last night in her address to Commonwealth foreign ministers, who are meeting in Sri Lanka for a Commonwealth Heads of Government Meeting, Julie Bishop took the opportunity to outline Australia's vision for '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
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
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
This issue of the Monitor deals with infrastructure financing, combatting tax evasion and avoidance, fighting corruption and global energy governance. The question being explored in each area is ‘where can the G20 add value?'
Australian trade officials are having a busy time at the moment.
Firstly, the Trans-Pacific Partnership (TPP) is being discussed in Bali, alongside the APEC Economic Leaders' Meeting.
Secondly, the Regional Comprehensive Economic Partnership (RCEP) has just concluded another negotiating session
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