Global Economic Governance

Syrian refugee crisis: Time for the G20 to step up
By the Lowy Institute's G20 Fellow Tristram Sainsbury and Research Associate Casper Wuite. Chatham House's Paola Subacchi recently asked why the G20 has not addressed the Syrian…
Waiting for the Fed to move
Global financial markets are on tenterhooks waiting for the US Federal Reserve to decide when to start raising the Fed funds rate – the short-term interest rate which sets the…
Can the W20 influence the G20 to unlock opportunities for women?
A new engagement group was launched in Ankara on Sunday with the aim of encouraging the G20 to bring more women into the global economy. The launch of the Women 20 (W20) was a…
Why we shouldn't worry: This is what an economic transition is supposed to look like in China
Growth is certainly slower and its structure is changing, but is the outlook for China's economy quite as awful as global share markets seem to think? Now the world's biggest…
Note to Beijing: You can't tell financial markets what to do
There's a rule in economics called Goodhart's law: when a measure becomes a target, it ceases to be a useful measure. If a government chases a particular economic variable, then…
Asian financial markets: Confected panic from professional doomsayers
Over the last few weeks, global financial markets have once again demonstrated their predilection for over-reacting to ephemeral news. For their part, the media are always happy…
Economic crisis in China? We're not there yet
I started my job at the Federal Reserve three weeks before Lehman Brothers declared bankruptcy. I wish I had kept a diary of my initial months at the Fed, so I could recall…
Why we still need UN climate negotiations
The Marrakesh Accords, the Bali Roadmap, the Cancun Agreements, the Durban Outcomes, the Doha Climate Gateway, the Lima Call for Climate Action – the grand names given to…
Are we on the threshold of a United States of Europe?
Four days ago, French President François Hollande declared his in-principle commitment to the creation of a 'euro government, with the addition of a specific budget and a…
History rhymes on Greek debt
Just about everyone agrees that the Greek problem has been kicked down the road again, and probably not even very far.  The fantasy nature of the 'agreekment' is clear. Let's put…