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.

Briefings (37)

SAIIA Policy Insights No 19, June 2015
A new set of papers has just been released, looking at BRICS and Development Finance Institutions.
SAIIA Policy Briefing No 117, November 2014
The recently held Sixth Summit of the BRICS grouping of countries has rightly emphasised the role of intra-BRICS trade for furthering their economic cooperation.Keeping in mind the Fortaleza Declaration, CUTS International has published a Discussion Paper titled 'Intra-BRICS Trade & Its Implications for India'. This Discussion Paper, using a series of analytical tools, illustrates the trends in trade and competitiveness between the BRICS countries as well as its implications for India.
Tuesday, 25 February 2014 14:48

The G-20 and Africa: A Critical Assessment

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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…
SAIIA Policy Briefing No 79, December 2013 Download The Ninth WTO Ministerial Conference: The Stakes for Africa (244.03 kB) from the SAIIA website Published by SAIIA's Economic Diplomacy ProgrammeThe creation of Free Trade Areas (FTAs) and the rapid growth of large emerging economies such as those of Brazil, India and China have changed the global market and shifted the basis of negotiations for concluding the Doha Development Round. There is uncertainty over whether the negotiating stance of the emerging economies will advance African interests.
The South African Institute of International Affairs (SAIIA) and the BRICS Policy Center (BPC) in Brazil hosted a conference on ‘BRICS and Africa – A Partnership for Sustainable Development?’. Presentations and other materials are available here.
Monday, 11 November 2013 13:49

The G-20 and Financial Regulation in Africa

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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…
Monday, 14 October 2013 11:19

BRICS-Africa trade update

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A new briefing from Standard Bank provides the latest insights into BRICS-Africa trade figures. There has been a much-publicised slowdown in the defiant post-crisis advance of the BRICS economies individually, as well (by extension) of their collective trade relations with Africa. While African demand for products from the BRICS has mostly held firm in 2012, and in the first half of this year, the demand in some of the larger BRICS economies for African commodities exports (largely base metals) does appear to have cooled.
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:
tralac Trade Brief, No. S13TB08/2013, September 2013by Sean WoolfreyIn June 2003, the foreign ministers of India, Brazil and South Africa (IBSA) met in Brasilia to discuss forging closer ties between their nations. It was at this meeting that the India-Brazil-South Africa Dialogue Forum (IBSA Forum) was formally launched in order to foster closer engagement between the IBSA countries and to facilitate collaboration in multilateral governance fora and the development of common positions on a number of important issues.
SAFPI Policy Brief 40On 13-14 June 2013 a two-day meeting of the Civil20 was held in Moscow, Russia. After many years of lobbying by international civil society for a formal civil society process and space at the G20, the Civil20 was launched under the G20 Presidency of Russia.The main goal of the Civil20 is to promote dialogue between global civil society, politicians and decision-makers in relation to the priorities set out in the official agenda for 2013, with particular focus on: growth through quality jobs and investment; growth through trust and transparency; and growth through effective regulation. Civil society divided…
SAFPI Policy Brief 37The pygmy elephant in the room of the Overseas Research Foundation’s long-term vision (LTV) initiative for BRICS is a little focused on acronym, 'RIC' – as in Russia-India-China. They form the ministerial trilateral between the three Eurasian giants for sustaining a dialogue on their bilateral relationships within a sort of ‘strategic triangle.’ Hence: ‘pygmy elephant.’ It involves foreign ministers, not heads-of-state. But it is a pachyderm nonetheless, since this pygmy gave birth to that giant called BRICS. Forget about ‘Jungle Jim’ of Wall Street fame, the Tarzan of emerging market capitalism! Thus does RIC bear greater scrutiny…
BACKGROUND RESEARCH PAPER submitted to the High Level Panel on the Post-2015 Development AgendaClick here to downlaod the paper.
Wednesday, 10 July 2013 09:47

BRICS publications in Portuguese: IPEA, Brazil

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The Instituto de Pesquisa Econômica Aplicada (IPEA) or Institute of Applied Economic Research is a Brazilian government-led research organization. It provides technical and institutional support to government for the formulation and reformulation of public policies and development programs in Brazil.
New Delhi: IBSA is a unique Forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges. All three countries are developing, pluralistic, multi-cultural, multi-ethnic, multi-lingual and multi-religious nations.
Brazil, Russia, India and China were originally grouped by Jim O’Neil as BRICs in 2001. These emerging economies were forecast to realise fast economic growth and be larger than some of the developed economies. In 2006, this group officially became a diplomatic-political entity called BRIC. South Africa officially joined in 2011 and the acronym was extended to BRICS.
by Economic Diplomacy Research TeamSAIIA Policy Briefing 63, March 2013Click here to download the Policy Briefing in English from SAIIA [pdf].Trade among the BRICS countries has shown progressive growth over the past decade. Although foreign direct investment (FDI) flows in all of the countries have increased, intra-BRICS flows do not correlate with trade figures. Overall, there is less clarity on specific detail of FDI flows among the five countries, and on how they can be encouraged. With respect to outward FDI, there seems to be little strategic policy direction. The policy briefing outlines the existing outward investment motivations and destinations for each of the countries, and the historical sources of FDI for the BRICS. It provides a series of policy recommendations, which are aimed at enhancing FDI flows among the BRICS.
The 5th BRICS Summit in Durban, to be held on March 26 and 27, will focus on what the illustrious emerging powers club considers to be today's most exciting phenomenon in international affairs: The rise of Africa. Brazil, India, Russia and China are rapidly increasing their presence in Africa, fundamentally altering the power dynamics on a continent that was once little more than a recipient of Western aid. BRICS-Africa trade is set to increase threefold, from $150-billion in 2010 to $530-billion in 2015. In 2010, China overtook the United States as Africa's largest trading partner, while Brazil and India currently rank as Africa's sixth and 10th largest trading partners, respectively. "BRICS and Africa - partnerships for integration and industrialisation" will be the theme of the 5th BRICS Summit. One key issue will stand out at the summit: the promotion of African infrastructure development through the establishment of a BRICS-led development…
Since Argentina defaulted on its debt in 2001, most of its creditors have agreed to some restructuring. However, a few have not. And according a court ruling last November, that is the problem. The New York court ruled that Argentina must repay in full the bondholders which have not agreed to restructuring (New York hedge funds Elliot Associates and Aurelius Capital). In addition, the court ruled that if Argentina does not repay them, then it would be illegal for Argentina to fulfill its commitments to creditors that did restructure. If the original bond agreements would have included collective action clauses (CACs), the majority of bondholders could have required the "holdouts" (e.g., Elliot Associates and Aurelius Capital) to accept a restructured agreement. Without CACs, one bondholder can block any agreement to restructure a country's debt obligations.However, CACs will not serve as a panacea for sovereign debt problems. Collective action clauses would only apply to new bond issuances and do…
GEG POLICY BRIEF, January 2013.The race to determine who will take the WTO mantle from current Director-General Pascal Lamy – who steps down in August – is underway. Nine candidates are vying for the role, and this week they all  address the organisation’s General Council. In this GEG Policy Brief on the DG Selection, Carolyn Deere Birkbeck sets out her views on the challenges and criteria that should guide the selection process.Deere Birkbeck argues the choice of Director-General – the first new one since 2005 – is crucial because movement is urgently needed on many fronts: the Doha Round is well into…
Wednesday, 30 January 2013 00:00

Relaunching the G20

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[Access the complete report from the Lowy Institute website, here.]Sydney:  After a positive start, the G20 has drawn increasing criticism over its loss of focus and its failure to deal with major global economic issues. This has brought into question its role as the premier forum for international economic cooperation. In fact, the G20 has achieved a great deal. Much of the criticism is harsh, and expectations as to what it can realistically achieve are excessive. Nevertheless, there is a danger of the forum losing its way. If the G20 is to live up to its potential and contribute to…
Paper submitted to the special issue "Multilateral Trade Liberalization and Regional Integration under Stress Workshop in Honor of Prof. Dr. Rolf J. Langhammer" of Economics Journal.AbstractIn recent years sub-Saharan Africa, notwithstanding the global financial crisis, has increased its share in global trade and investment flows. This has led to an appreciable improvement in development levels, albeit off a small base. However, these patterns are still dominated by commodity flows and investment, and remain marginal on the global stage. Increased trade and investment flows, particularly related to network services, would be of great benefit to the sub-continent. Yet many domestic regulatory…
Thursday, 03 January 2013 09:25

Russia's G20 Presidency: strategic agenda document

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Moscow: This paper outlines a strategic agenda proposed by Russia for the G20 in 2013 and highlights the specific priorities of the Russian G20 Presidency. Its purpose is to serve as a guide for the preparation of meetings and documents throughout the year, as well as to set the objectives for the G20 Leaders Summit in St.Petersburg, September 5-6 2013. Russia will exert its maximum effort to reach tangible results on the most pressing issues on the global agenda by setting a stage for thoughtful discussions.
Introduction to: Critical assessment of the reflection of African positions in G20 decisions - Application of a methodological framework, by Cerkia Bramley, University of Pretoria; Peter Wolff, German Development Institute.  Draft for comments – not for citation.The 17 page draft can be accessed here.As part of the Global Economic Governance project undertaken by the South African Institute of International Affairs (SAIIA) in collaboration with the International Development Law Unit at the University of Pretoria, a critical assessment is being made to evaluate how effectively Africa's interests and concerns are directly and indirectly addressed in the G20 processes. The methodology for…
by Peter Draper, Senior Research Fellow, South African Institute of International Affairs (SAIIA) and Andreas Freytag, Professor, Friedrich-Schiller-University and SAIIASee download link at the end of this article to read the full policy briefing.Presented at the Kiel institute for the World Economy, September 2012.
South African Foreign Policy Initiative (SAFPI) Policy Brief No 6, August 2012Click here to download the briefing from the South African Foreign Policy Initiative (SAFPI) The leaders of the G20 countries have now held seven summits - enough to begin critically evaluating how well the G20 serves the interest of specific sub-parts of the international community. This policy brief assesses how well the G20 responds to African interests.It is divided into three parts. The first is a brief description of the most recent summit, held on June 18-19, 2012 in Los Cabos, Mexico. The second part is a brief discussion…
Wednesday, 12 September 2012 00:00

A Map for Strengthening the G20 Mutual Assessment Process

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Click here to download the publication from the Centre for International Governance Innovation (CIGI). Series: CIGI Junior Fellows Policy Brief SeriesAuthors: Kevin English, Xenia Menzies, Jacob Muirhead, and Jennifer Prenger The 2007–2009 global financial crisis demonstrated that the world required a much stronger framework for cooperation on financial and economic issues. In September 2009, G20 heads of state responded to this need at the Pittsburgh G20 Summit with the “Framework for Strong, Sustainable and Balanced Growth.” The Mutual Assessment Process (MAP) was created to both monitor and support G20 countries in their follow-through on commitments made under the Framework.Although progress has…
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