Global Economic Governance

China's record shows it isn't ready for global leadership
Michael Thawley's comments on China's present global leadership credentials and ambitions are correct and phrased in the refreshingly direct manner Australians usually take as a…
Beijing should hasten slowly on AIIB
The establishment of the Asian Infrastructure Investment Bank (AIIB) reached another milestone on Monday when 50 of the 57 founding members signed the AIIB's Articles of Agreement…
Four observations about the AIIB's Articles of Agreement
Four observations about the AIIB's Articles of Agreement
With the signing of the AIIB's Articles of Agreement in Beijing yesterday, how is the Bank shaping up? Here are some key things that struck me reading the Agreement: Membership…
IMF belatedly rethinks austerity
When we get enough perspective to write a balanced history of the 2008 global financial crisis and the subsequent feeble recovery, fiscal policy mistakes will surely feature…
BRICS New Development Bank moves ahead quietly
While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support (to the surprise of many, including China itself), another bank headquartered in China…
Five points that get lost about the Greek debt crisis
  Rather than focus on the blow-by-blow developments of the umpteenth meeting in the Greek crisis, here are some higher level issues that often get lost in the summitry din: At…
Yuan deserves a place in the IMF basket
Commentary
Yuan deserves a place in the IMF basket
Yuan deserves a place in the IMF basketStephen GrenvilleNikkei Report11 June 2015Click here for the online text.  Stephen Grenville
AIIB: US is not the only loser, and China is not such a big winner
The recent rush by Western countries to join the Asian Infrastructure Investment Bank (AIIB) before the 30 March deadline set by China was widely, and rightly, seen as a policy…
Still debating inequality, 40 years on
Thomas Piketty's Capital in the Twenty-first Century put inequality centre-stage in the economic debate. But the topic has been around for a long while. Brookings has recently…
What the G20 can do about infrastructure
Infrastructure is now a standard item on the G20 agenda. Serious infrastructure shortages are ubiquitous. With global economic growth slow, ample construction capacity and…