All Economic Governance & G20 Content

All Economic Governance & G20 Content

Whither Democratization and Sustainability?

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Critique

Increasingly, donors and creditors are joining together to mobilize "billions" in public money in order to leverage "trillions" in private investment in development.  This month at the G20 meeting in Indonesia, bold system-wide reforms in global financial governance are being approved; some are already being implemented.  Nancy Alexander and Rick Rowden describe these system-wide reforms and conclude that, on the current course, the reforms could undermine the public interest in sustainable development and climate goals.  It is crucial to ensure that proposed reforms respect democratic practices and promote sustainability.

The Hijacking of Global Financial Governance?

Analysis

Meetings of G20 officials during the April 2018 Spring Meetings of the IMF and World Bank set in motion revolutionary and lasting changes in the mission and organization of global financial governance.

By Nancy Alexander

Contracts for Sustainable Infrastructure

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Report

Infrastructure is essential to the achievement of the sustainable development goals (SDGs) and to the success of the Paris Agreement on Climate Change. Our partner IISD presents why governments must invest in sustainable infrastructure and how they can integrate sustainability into infrastructure contracts.

Submission to the World Bank Group and Summary Comments on the Draft Report on Recommended PPP Contractual Provisions

With legal counsel, the Heinrich Boell Foundation prepared this submission to the World Bank Group's consultation on its draft Report on the 2016 Edition of its "Recommended PPP Contractual Provisions". It cautions that the draft "Contractual Provisions" put an inordinate level of risk on governments (with potential fiscal consequences); obstruct the state's "right to regulate" in the public interest (for instance, to protect the environment and human rights); prefer international (rather than domestic) settlement of disputes; and fail to adequately promote contract transparency. 

By Nancy Alexander

Corporate Influence on the G20

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For transnational corporations and their national and international associations and lobby groups, the G20 process provides important opportunities to engage with the world’s most powerful governments on a regular basis, shape their discourse, and influence their decisions. Read more about the influence of the Business20 (B20) in the following study.

The New U.S. Administration and the German G20 Summit: 3 Things to Watch

This article outlines what US hostility towards multilateralism might mean for the G20 Summit in Hamburg. Nancy Alexander points to three areas of concern: a possible shift of geopolitical alliances, disputes over a new course of global economy, and the future of sustainable development worldwide.

By Nancy Alexander

G20 and Investment

The G20 is promoting a new investment paradigm for itself and inviting the world to follow suit. What are the stated G20 goals and commitments in relation to this topic? What does “investment” mean? What is the progress so far and what are the challenges in relation to this topic? What is the desired future direction of the G20 with respect to the topic?

By Motoko Aizawa

G20 in Hamburg: Setting directions towards a democratic multilateralism

The G20 Hamburg Summit in July 2017 will be about nothing less than how globalization should be governed in the future. The G20 countries will have to respond to the key question of our times: How should a globalized world economy be coordinated for the benefit of all humanity against the backdrop of economic uncertainty, higher levels of inequality, climate change, refugees and migration?

By Dr. Heike Löschmann

G20 and Trade

Trade has contributed to inequalities in many countries. Therefore the G20 should ensure that its trade agenda does not conflict with that of the WTO or the United Nations. Many processes need to be revised to reduce so inequalities can be reduced.

By Motoko Aizawa
Economic Governance & G20 Archive

Intro

The Economic Governance Program focuses on democratizing governance structures to ensure that the international financial institutions and bodies, such as the G20 and BRICS, are representative and accountable. It also works on democratizing policy-making in thematic areas (e.g., finance, economics and trade) and sectoral areas (e.g., infrastructure) to strengthen “real economies” in ways that respect the rights of the earth, vulnerable groups, and women. We support the engagement of citizen’s groups in developing countries in both areas, including through  public education and capacity-building.

G20 Dossiers

For official G20 documents, as well as G20-related civil society, labor, business and think tank documents, click here.