The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.
For some the Group of 20 (G20) is synonymous with political symbolism, for others the G-20 yields much influence in setting agendas for the global economy through the framing of discourses and the prioritisation of some ideas and policies over others. For South Africa, being the only African member of the G-20 brings with it the – at times, burdening – ‘first in Africa’ label. Although internationally of relatively small economic and political weight, South Africa is an African power, and it has taken on a related representative role within the G-20.
SAIIA’s GEGAfrica portal and the Department of International Relations at the University of the Witwatersrand (#WitsIR) are partnering on an innovative initiative that draws on the strengths of Southern Africa’s oldest and largest academic programme in International Relations and the continent’s leading think tank*.
South Africa is the only African member of the Group of 20 (G-20) and therefore carries the weight not only of its own national interests but of being a voice for the concerns of African and low income countries. While South Africa has no official mandate to represent anyone but itself, there is implicit pressure to ensure that those countries and institutions who participate in the G-20 processes at least understand some of the impacts that their decisions might have on African non-members.
The Australian Institute of International Affairs has just released a special magazine, G20: Words into Action Brisbane 2014, which contains a series of important articles on the upcoming Group of 20 (G-20) Summit to be held in Brisbane in November 2014.Click here to view the publication in ePub format.SAIIA has contributed an article to this magazine, exploring out South Africa's role within the G-20.Click here to read the article, 'South Africa and the G-20'.
The South African Institute of International Affairs and the South African Ministry of Finance invite you to a cocktail reception and discussion session on 'South Africa in the G-20 and the BRICS: In pursuit of development', with Mmakgoshi Phetla-Lekhete, Deputy Director General, National Treasury of South Africa.
In the latest in our series on African membership of the Group of 20 (G-20), Ebere Uneze, the Executive Director of the Centre for the Study of the Economies of Africa, responds that although the G-20 does need to include more African members, Nigeria may not be the best fit.
I was caught by the discussion in this morning’s New York Times in the "Room for Debate" section. Several old friends from global summitry analyses and a few new acquaintances set out their opinions on whether to kick Russia out of the Group of 8 (G-8) or not.
The Center on Global Trade and Investment (CGTI) at the School of Economics from Getulio Vargas Foundation in Brazil hosted the 5th BRICS Trade and Economic Research Network (TERN) meeting on 17 March 2014 at the FGV Headquarters in Rio de Janeiro, Brazil.
The 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 be selected from economies which were influential in terms of size and/or geopolitical significance.It is in this context that Argentina - whose economy was doing quite well at the time…
SAIIA Policy Briefing No 84, February 2014 Download - English (254.37 kB)Economic Diplomacy ProgrammeAgainst the background of an increasingly complex structure of global economic governance, this briefing seeks to assess how well G-20 member countries have responded to the concerns of sub-Saharan Africa. The assessment is made in the context of the possible failure by the G-20 to take into account the legitimate interests of sub-Saharan African countries, among which only South Africa is a G-20 member. It evaluates G-20 performance in five critical areas. They are, respectively, identifying aims, respect for applicable principles of international law, good administrative practice, comprehensive…
One 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.
The 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 end.
Discussions in Group of 20 (G-20) meetings over the last several years have increasingly focused on the need for a huge scale-up in infrastructure investments in developing countries, particularly through large regional projects involving private sector participation.
Global agricultural trade policies and food systems, including the new value chains narrative, advance high and sustained productivity to cushion against unpredictable markets and volatile food prices, as well as growing commercialisation of biofuels from food crops, but most importantly for satisfying increased consumer demands and food security requirements. Advocacy claims for increased productivity are in contrast to food-activism views that even current global agricultural production and distribution, if re-allocated in the absence of distortions, would be more than adequate for all these purposes.
Climate change, the focus of the 19th Conference of Parties (COP19) underway in Poland from 11 to 22 November 2013, is one challenge that requires a truly global response that encompasses environmental, social and economic issues. Reflecting this the term “green economy” has seen an upsurge in interest globally and SAIIA’s Economic Diplomacy Programme is undertaking new research in this area, especially since the issue was placed on the Group of 20 (G-20) agenda in 2012.
The South African Minister of Finance, Pravin Gordhan, gave the keynote address at the Second Annual African G-20 Conference, on the theme “The G-20 and Africa’s Economic Growth and Transformation”. The conference on 11 November 2013 was hosted by the South African Institute of International Affairs and the University of Pretoria, as part of their Global Economic Governance Africa Project. This project seeks to ensure that African interests are understood and effectively represented in the various global forums that debate and set rules for global economic governance.
SAIIA Policy Briefing 78, November 2013 Download The G-20 and Financial Regulation in Africa (251.86 kB) from the SAIIA website Published by SAIIA's Economic Diplomacy ProgrammeIn light of the recent global financial and economic crisis, financial stability is an overarching goal for the world economy. The Group of Twenty (G-20) is the primary global forum for co-ordinating international activities in setting new standards and rules for the global financial sector to promote global financial stability and avoid cross-border spillovers of the financial crisis. A major issue in this regard is the question of how non-members of the G-20 are engaged…
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 Australia’s G20 presidency.
For over a decade, New Rules for Global Finance has been advocating and engaging in reform of the institutions shaping global finance. The goal is to ensure that global finance has the maximum positive impact on the lives of the world’s citizens, by including the voices of the excluded and affected are heard at the decision tables. For this reason, New Rules (in conjunction with many like-minded organizations) have launched an annual Global Financial Governance and Impact Report, with the immodest task of assessing the governance and impact of the institutions that are supposed to write the rules for global…
Below is a summary of a report from the GG2022 working group on global development governance. To explore possible futures in global development, the working group used a scenario planning methodology with techniques developed extensively in the field of future studies. The diverse nationalities, backgrounds, and expertise of working group members contributed crucial assets for devising national strategies and solutions.
Official Summit DocumentsG20 Leaders' Declaration, September 6, 2013Annexes referred to in the G20 Leaders' DeclarationSt Petersburg Action Plan, September 6, 2013Annex 1: St. Petersburg Fiscal Templates – G20 Advanced EconomiesAnnex 2: St. Petersburg Fiscal Templates – G20 Emerging Market EconomiesAnnex 3: MAP Policy TemplatesAnnex 4: The St. Petersburg Accountability Assessment and Progress Towards Strong, Sustainable, and Balanced GrowthG20 Study Group on Financing for Investment, July 2013G20/OECD High-Level Principles of Long-Term Investment Financing by Institutional Investors, September 2013Advancing Transparency in Regional Trade Agreements, September 6, 2013G20 Roadmap Towards Strengthened Oversight and Regulation of Shadow Banking, September 6, 2013Global Partnership for Financial…
SAIIA Policy Briefing 73, September 2013 Download - English (273.72 kB)Produced by SAIIA's Economic Diplomacy ProgrammeAgainst a background of growing international concern over the security of world food supply, the G-20 group of nations first recognised the need for improved global management of food security at its Pittsburgh summit in 2009. Since then, the G-20 has progressively prioritised its stance on food insecurity through growing commitments to strengthening food production systems and reducing commodity price volatility. After South Africa became the first African country to join the G-20, hopes arose for stronger representation of African interests in that forum.
Five years into the global financial crisis we still lack robust institutions and regulations for governing finance at the national, regional and global levels. Slow progress has been made to reforming the international financial architecture, despite having been at the top of the global agenda since 2008. This policy memo, co-authored by Geoffrey Gertz and Emily Jones at the University of Oxford’s Global Economic Governance Programme, identifies three unresolved challenges in global financial governance: