Finance, Development & G20

New on Finance, Development & G20

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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. 

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Author Nancy Alexander describes forces working against inclusive, sustainable globalization, including the recommended contracts for public-private partnership (PPPs) to deliver public services.

Women's empowerment
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The economic empowerment and participation of women cannot be limited to promoting female entrepreneurship.

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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.

This publication reviews the possible approaches that the German G20 and financial institutions should consider in order to ensure that infrastructure is climate compatible and socially beneficial.
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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?

All Finance, Development and G20

Intro

This program monitors and encourages citizens’ participation in power shifts and trends that shape economic governance, such as:

--The West and the institutions it leads (e.g., the World Bank) face greater competition. Emerging market countries, their existing and new institutions (e.g., the China-led Asian Infrastructure Investment Bank) and state-owned enterprises are gaining clout.

--Transnational corporations exert more influence (relative to governments and citizens) over governance, especially trade and investment rules.

--Regional institutions and “club governance” [for instance, the Group of 20 (G20), the Group of 7 (G7) and the BRICS (Brazil, Russia, India, China, and South Africa)] play bolder roles in global governance.

These trends are especially evident in the race to build infrastructure (e.g., energy, transport, water) to access natural resources and markets. The program explicitly encourages citizens’ participation in developing infrastructure and investment rules that serve humanity and the planet in sustainable ways.

G20 Dossiers

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

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