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The CEPII on
G20 |
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7+13 |
In the wake of the global crisis the G20 has largely substituted the G7 as the key forum for international economic cooperation. However, G7 and non-G7 members of the G20 come to G20 meetings with different priorities. Developed countries have taken a direct hit on their financial systems as a result of the crisis and they accordingly give priority to strengthening financial supervision. Emerging economies have been primarily affected by the collapse of trade and (mostly in emerging Europe) the outflow of capital. Their priority is thus to ward off the reemergence of protectionism. As newcomers, the emerging countries are also focused on the distribution of power in international institutions. So far, the G20 agenda has been dominated by the global turmoil and the rebuilding of financial regulation – a rather G7-like agenda. Meanwhile, it has been silent on the issue of global imbalances, where it could have made a difference. In the future, the G20’s agenda will have to evolve and better reflect the variety of concerns of its members.
International Cooperation in Times of Global Crisis: Views from G20 Countries,
Conference in New Delhi, 14& 15 September 2009 |
G20, not G7
RGE Monitor, 25 September 2009
Agnès Bénassy-Quéré, Olena Havrylchyk
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Comments: Rebalancing IMF Quotas
International Cooperation in Times of Global Crisis: Views from G20 Countries , Session IV: Cross-Border Trade and Finance: Emerging Protectionism , September 2009
Agnès Bénassy-Quéré, Sophie Béreau
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Comments: Emerging Protectionnism
International Cooperation in Times of Global Crisis: Views from G20 Countries , Session IV: Cross-Border Trade and Finance: Emerging Protectionism , September 2009
Agnès Bénassy-Quéré
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Economic Crisis and Global Supply Chains
International Cooperation in Times of Global Crisis: Views from G20 Countries , Session IV: Cross-Border Trade and Finance: Emerging Protectionism , September 2009
Agnès Bénassy-Quéré
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