South Africa: A G-20 Misfit …or not? A response to David Hale
Written by Azwimpheleli LangalangaThe Group of 20 (G-20) was formed in 1999 after the Asian financial crisis of 1997-1998. It was formed by the world's most influential countries with a view to reforming the global financial architecture, with the intent that this would prevent a similar crisis happening in future. The G-7 would emerge to be the nucleus of the G-20 grouping. In order to arrive at twenty members the remainder had to…
Should Australia Change the Membership of the G-20
Written by David HaleOne of the issues which Australia should address during its presidency of the G-20 is the group's membership. It is the same today as when Canadian finance minister Paul Martin launched it after the East Asian financial crisis of 1997-98. It includes the old industrial nations and several prominent developing countries. They collectively encompass 90% of global GDP and 80% of world trade.
Assessing the Financial Stability Board
Written by Eric Helleiner and Lesley Wentworth
The death of IMF reform?
Written by Oliver StuenkelIn a serious blow to democratizing global governance, US Congress has rejected a funding request from the Obama administration that would have reformed the International Monetary Fund (IMF). The move leaves the 188-nation group without additional resources and blocks an increase in voting power for China, India, Brazil and other emerging markets.
A big year for the GEG-Africa and the G-20
Written by Wolfe BraudeThe Global Economic Governance Africa (GEG-Africa) Project maintained a keen focus on developments in the Group of 20 (G-20) during 2013. This was to advance understanding and to spotlight both the existence and absence of specific linkages between G-20 processes, G20 decisions and how that affects countries in Africa (South Africa is the only African member of the G-20). During the year, research and various events were undertaken to this…
Blog: Africa’s Emerging Trends Can Catalyse Extractive-Led Transformation
Written by Ola BelloIt seems that global transitions (in particular China’s reorientation, US energy self-sufficiency, etc.) all portend undisputable implications for resource governance and development in Africa over the medium-to long-term. However, three incipient intra-Africa trends – aggregate domestic demand growth, the urgency of addressing the infrastructure gap, and growing investment attractiveness (aided by governance improvements) – have arguably opened up new opportunities to realise the catalytic potentials of Africa’s resources.
China’s Reforms, the Global Trading System, and South Africa’s Trade Strategy
Written by Peter DraperGo to any conference in the world and say ‘Doha Development Agenda’, and the room is likely to empty. But not in China. Recently I was impressed with the degree of interest amongst China’s trade policy elite in the future of the World Trade Organization (WTO), and the global trading system of which it is a part.
As the WTO goes to Bali, it simply cannot be business as usual
Written by Memory DubeThree years ago this author reflected on how the World Trade Organisation (WTO) ought to adapt and evolve in order to stay relevant. The focus was on the changes the multilateral trading system has faced over the years from the General Agreement on Tariffs and Trade (GATT) to the WTO we know today. In advance of the all-important 9th WTO Ministerial Conference held in Bali, Indonesia from 3 to 6…
African Regional Infrastructure development: lessons for the G-20
Written by James Leigland