Executive Summary
Introduction
- Hugh Jorgensen, Research Associate, G20 Studies Centre, Regional Think 20 seminar summary
Opening Remarks
- Gordon de Brouwer, Deputy Secretary Economic, Department of the Prime Minister and Cabinet, Views from the Australian Sherpa
Session 1: Part I: Overview Assessment of G20 — what has worked, what has not?
- What are the lessons from the performance of the G20 since 2008?
- What is the regional perspective on the G20, what is its relationship with regional organisations?
Chair: Mike Callaghan PSM, Lowy Institute
Speakers:
- Dr Chetan Ghate, Indian Statistical Institute, Delhi Center: Assessing the G20 Macro policy response and the G20 as a model for global economic governance
- Dr David Skilling, Landfall Strategy, Singapore: The G20: A small advanced economy perspective
- Dr Stephen Grenville AO, Lowy Institute: G20 and the regions
Session 1: Part II: A look back at the Seoul G20 Summit
Chair: Mike Callaghan PSM, Lowy Institute
Speakers:
- Dr Heenam Choi, Ministry of Strategy and Finance, Korea: A look back at the Seoul G20 Summit
- Dr Junkyu Lee, Asian Development Bank
Session 2: Are we on track to achieve strong, sustainable and balanced growth?
- Is the Framework and MAP delivering intended results?
- Can the Framework and MAP be strengthened?
- Is the Framework relevant to regional surveillance?
- Is the Accountability Framework effective?
- How can the Russian priorities on financing for investment and public debt management be incorporated?
Chair: Mark Thirlwell, Lowy Institute
Speakers:
- Dr Rajat Kathuria, Indian Council for Research on International Economic Relations: Are we on track to achieve strong, sustainable and balanced growth?
- Paul Blustein, Brookings Institution and Center for International Governance Innovation: The Framework and the MAP — We have seen this movie before
Session 3: How much progress has been made in reforming the international financial architecture?
- Has the focus on reforming IMF quota and governance been appropriate? Is it contributing to an enhanced performance by the IMF?
- What is the state of play on strengthening safety nets? What are the lessons from the experience of the IMF in European programs?
- What are some of the lessons from managing volatile capital flows?
- Where do we stand in efforts to enhance the effectiveness of the international monetary system?
- Are there lessons from Europe for the operation of safety nets, both global and regional?
- What are we missing?
Chair: Barry Sterland PSM, Australian Treasury
Speakers:
- Dr Masahiro Kawai, Dean, Asian Development Bank Institute: Reforming the international financial architecture
- Dr Yoon Je Cho, Sogang University: International monetary system reform and the G20
- James Roaf, International Monetary Fund: International monetary system reform and the G20
- Dr Ye Yu, Shanghai Institute for International Studies: IMF’s role in a regionalizing world: A 'knowledge fund'
Session 4: Financial Regulation – what progress has been made towards a safer and more efficient financial system?
- Is the regulatory response too complex? Will the regulatory changes make a real difference?
- Has sufficient attention been given to ensuring that the financial system is serving the needs of the real economy?
- Do the reforms meet the requirements of all countries, particularly emerging markets and developing countries?
- Does the relationship between the G20 and FSB need to be clarified?
- Are the regulatory changes altering the scope of financial regulation?
- What are some of the longer-term trends in financial intermediation and will there be implications for the region?
Chair: Dr Junkyu Lee, ADB
Speakers:
- Dr Jae Ha Park, Asian Development Bank Institute: Financial regulatory reforms after GFC: Analysis from Asian perspectives
- Professor Ross Buckley, University of NSW: The G20's performance in global financial regulation
- Mike Callaghan PSM, Lowy Institute: Financial regulation and the G20: Is there a gap in the governance structure? [PowerPoint]
Session 5: Trade and Investment- a success or a failure for the G20?
- How effective has the G20 been in resisting protectionist pressures and promoting trade liberalization?
- Where to with the Doha round; what contribution can the G20 make?
- Implication of growth in global value chains?
- Consistency between regional trading agreements and the multilateral system?
- Is there a case for a multilateral investment agreement?
Chair: Dr Masahiro Kawai, Dean, Asian Development Bank Institute
Speakers:
- Professor Yong Wang, Peeking University: Trade liberalization for global growth: Agenda for WTO and G20
- Mark Thirlwell, Lowy Institute: International trade: What can the G20 do? [PowerPoint]
- John Ballingall, New Zealand Institute of Economic Research: The G20 and regional integration: An opportunity to re-focus the G20 trade and investment agenda?
- Professor John Ravenhill, Australian National University: Global value chains: Implications for trade, investment and development policies [PowerPoint]
Session 6: Sustainable Development — has the G20 got the right priorities?
- What contribution has the G 20 made to the development agenda?
- What more can the G20 do?
- What can be done to advance investment in infrastructure in developing countries?
- Do we have the infrastructure in place to effectively promote green growth?
Chair: Dr Heenam Choi, Ministry of Strategy and Finance, Korea
Speakers:
- Dr Maria Monica Wihardja, Centre for Strategic and International Studies, Jakarta: Looking at the G20 initiatives on infrastructure investment from a developing country's perspectives: Indonesia [PowerPoint]
- Dr Susan Harris-Rimmer, Australian National University: Coherence and humility: Development for the G20 / Sustainable development: Has the G20 got the right priorities? [PowerPoint]
- Dr Wonhyuk Lim, Korean Development Institute: The G20 leaders' process five years on: An assesment from an Asian perspective