The G20: Engine of Asian Regionalism?
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Oecd Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors
OECD SECRETARY-GENERAL TAX REPORT TO G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS Saudi Arabia July 2020 For more information: [email protected] www.oecd.org/tax @OECDtax | 1 OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors Saudi Arabia July 2020 PUBE 2 | This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries. Please cite this report as: OECD (2020), OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors – July 2020, OECD, Paris. www.oecd.org/tax/oecd-secretary-general-tax-report-g20-finance-ministers-july-2020.pdf Note by Turkey The information in this document with reference to “Cyprus” relates to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot people on the Island. Turkey recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of the United Nations, Turkey shall preserve its position concerning the “Cyprus issue”. Note by all the European Union Member States of the OECD and the European Union The Republic of Cyprus is recognised by all members of the United Nations with the exception of Turkey. The information in this document relates to the area under the effective control of the Government of the Republic of Cyprus. -
FROM the G7 to a D-10: Strengthening Democratic Cooperation for Today’S Challenges
FROM THE G7 TO THE D-10 : STRENGTHENING DEMOCRATIC COOPERATION FOR TODAY’S CHALLENGES FROM THE G7 TO A D-10: Strengthening Democratic Cooperation for Today’s Challenges Ash Jain and Matthew Kroenig (United States) With Tobias Bunde (Germany), Sophia Gaston (United Kingdom), and Yuichi Hosoya (Japan) ATLANTIC COUNCIL A Scowcroft Center for Strategy and Security The Scowcroft Center for Strategy and Security works to develop sustainable, nonpartisan strategies to address the most important security challenges facing the United States and the world. The Center honors General Brent Scowcroft’s legacy of service and embodies his ethos of nonpartisan commitment to the cause of security, support for US leadership in cooperation with allies and partners, and dedication to the mentorship of the next generation of leaders. Democratic Order Initiative This report is a product of the Scowcroft Center’s Democratic Order Initiative, which is aimed at reenergizing American global leadership and strengthening cooperation among the world’s democracies in support of a rules-based democratic order. The authors would like to acknowledge Joel Kesselbrenner, Jeffrey Cimmino, Audrey Oien, and Paul Cormarie for their efforts and contributions to this report. This report is written and published in accordance with the Atlantic Council Policy on Intellectual Independence. The authors are solely responsible for its analysis and recommendations. The Atlantic Council and its donors do not determine, nor do they necessarily endorse or advocate for, any of this report’s conclusions. © 2021 The Atlantic Council of the United States. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission in writing from the Atlantic Council, except in the case of brief quotations in news articles, critical articles, or reviews. -
China-Southeast Asia Relations: Trends, Issues, and Implications for the United States
Order Code RL32688 CRS Report for Congress Received through the CRS Web China-Southeast Asia Relations: Trends, Issues, and Implications for the United States Updated April 4, 2006 Bruce Vaughn (Coordinator) Analyst in Southeast and South Asian Affairs Foreign Affairs, Defense, and Trade Division Wayne M. Morrison Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division Congressional Research Service ˜ The Library of Congress China-Southeast Asia Relations: Trends, Issues, and Implications for the United States Summary Southeast Asia has been considered by some to be a region of relatively low priority in U.S. foreign and security policy. The war against terror has changed that and brought renewed U.S. attention to Southeast Asia, especially to countries afflicted by Islamic radicalism. To some, this renewed focus, driven by the war against terror, has come at the expense of attention to other key regional issues such as China’s rapidly expanding engagement with the region. Some fear that rising Chinese influence in Southeast Asia has come at the expense of U.S. ties with the region, while others view Beijing’s increasing regional influence as largely a natural consequence of China’s economic dynamism. China’s developing relationship with Southeast Asia is undergoing a significant shift. This will likely have implications for United States’ interests in the region. While the United States has been focused on Iraq and Afghanistan, China has been evolving its external engagement with its neighbors, particularly in Southeast Asia. In the 1990s, China was perceived as a threat to its Southeast Asian neighbors in part due to its conflicting territorial claims over the South China Sea and past support of communist insurgency. -
G7 to G8 to G20: Evolution in Global Governance CIGI G20 Papers | No
G7 TO G8 TO G20: EVOLUTION IN GLOBAL GOVERNANCE CIGI G20 PAPERS | NO. 6, MAY 2011 Gordon S. Smith G7 TO G8 TO G20: EVOLUTION IN GLOBAL GOVERNANCE TABLE OF CONTENTS SUMMARY Summary 3 This paper provides a brief history of the evolution of Acronyms 3 the Group of Seven (G7) from its origins in the aftermath of the 1971 breakdown of the Bretton Woods system of G7 to G8 to G20: Evolution in Global Governance 4 exchange rates and the oil crisis in 1973. It then discusses Russia’s participation at summits after the fall of the Works Cited 8 Berlin Wall, formally joining the group in 1997, thus becoming the Group of Eight (G8). The paper gives a CIGI G20 Resources 9 concise account of the formation of the Group of Twenty About CIGI 10 (G20) finance ministers and central bank governors in the late 1990s, in the wake of financial crises in Asia and Latin America, which was elevated to a leaders’ summit forum at the outbreak of the global financial crisis in 2008. The paper wraps up with a discussion of the differences in the G8 and G20 models, concluding that the G20 process is still the best option for meeting the challenges of complex global governance issues. ACRONYMS 3G Global Governance Group ASEAN Association of Southeast Asian Nations AU African Union BMENA Afghanistan, the Broader Middle East and North Africa CFGS Centre for Global Studies G5 Group of Five G7 Group of Seven G8 Group of Eight G20 Group of Twenty IMF International Monetary Fund Copyright © 2011 The Centre for International Governance Innovation. -
Global Shifts in Power and Geopolitical Regionalization
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Scholvin, Sören Working Paper Emerging Non-OECD Countries: Global Shifts in Power and Geopolitical Regionalization GIGA Working Papers, No. 128 Provided in Cooperation with: GIGA German Institute of Global and Area Studies Suggested Citation: Scholvin, Sören (2010) : Emerging Non-OECD Countries: Global Shifts in Power and Geopolitical Regionalization, GIGA Working Papers, No. 128, German Institute of Global and Area Studies (GIGA), Hamburg This Version is available at: http://hdl.handle.net/10419/47796 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Inclusion of a paper in the Working Papers series does not constitute publication and should not limit publication in any other venue. -
G20/OECD Effective Approaches for Implementing the G20/OECD High-Level Principles on SME Financing
G20/OECD Effective Approaches for Implementing the G20/OECD High-Level Principles on SME Financing July 2018 At their Summit in Antalya in November 2015, G20 Leaders welcomed and agreed on the G20/OECD High-Level Principles on SME Financing, recognising the importance of improving SME access to finance. In their 2015 Antalya Action Plan (and in 2016), G20 Leaders expressed their intention to continue to work on identifying effective approaches to facilitate their implementation. G20 Finance Ministers and Central Bank Governors expressed support for the implementation of the Principles at their meetings in Shanghai on 27 February 2016, in Washington on 15 April 2016, and in Chengdu on 24 July 2016. This document contains the final report on Effective Approaches for Implementing the G20/OECD High Level Principles on SME Financing. It is transmitted to G20 Finance Ministers and Central Bank Governors. The report has benefited from comments received from the OECD Working Party on SMEs and Entrepreneurship during its meetings in April 2017, October 2017 and April 2018, and from the G20/OECD Task Force on Institutional Investors and Long-Term Financing during its meetings in May 2017 and May 2018, and through written procedure in October 2017. Comments on Principle 7 were also received from the OECD International Network on Financial Education during its Technical Committee meeting in November 2017 and under written procedure in 2018. A draft final report was discussed during a joint meeting of the OECD Working Party on SMEs and Entrepreneurship and the G20/OECD Task Force on Institutional Investors and Long-Term Financing on 23 May 2018. -
Asia's Strategic Participation in the Group of 20 for Global Economic
ADB Working Paper Series on Regional Economic Integration Asia’s Strategic Participation in the Group of 20 for Global Economic Governance Reform: From the Perspective of International Trade Taeho Bark and Moonsung Kang No. 74 | February 2011 ADB Working Paper Series on Regional Economic Integration Economic Governance Reform: From the Perspective of International Trade Taeho Bark+ and Moonsung Kang++ The original draft of this paper was prepared for the conference “Reshaping Global Economic Governance No. 74 February 2011 and the Role of Asia in G20,” organized by the Asian Development Bank and the Peterson Institute for International Economics, and supported by the Persidential Committee for the G20 Summit, Seoul, Replublic of Korea, 25–26 October 2010. The paper is funded by RDTA 7501 Asia’s Strategic Participation in the Group of Twenty for Global Economic Governance Reform. +Professor, Graduate School of International Studies, Seoul National University, Republic of Korea. thbark@ snu.ac.kr ++Professor, Division of International Studies, Korea University, Republic of Korea. [email protected]. The ADB Working Paper Series on Regional Economic Integration focuses on topics relating to regional cooperation and integration in the areas of infrastructure and software, trade and investment, money and finance, and regional public goods. The Series is a quick-disseminating, informal publication that seeks to provide information, generate discussion, and elicit comments. Working papers published under this Series may subsequently be published elsewhere. Disclaimer: The views expressed in this paper are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. -
Japan, China, and the Newly Industrialized Economics of Asia
Japan, China, and the Newly Industrialized Economies of East Asia Discussion and papers from a symposium held in Atlanta, Georgia East-West Center Honolulu, Hawaii Southern Center for International Studies Atlanta, Georgia Japan, China, and the Newly Industrialized Economies of Asia Discussion and papers from a symposium held in Atlanta, Georgia Edited by Charles E. Morrison East-West Center Honolulu, Hawaii j>cb Southern Center for International Studies Atlanta, Georgia The East-West Center The East-West Center is a public, nonprofit educational institution established in Hawaii in 1960 by the United States Congress with a mandate "to pro• mote better relations and understanding among the nations of Asia, the Pa• cific and the United States through cooperative study, training and research." Some 2,000 research fellows, graduate students and professionals in business and government each year work with the Center's international staff on major Asia-Pacific issues relating to population, economic and trade poli• cies, resources and development, the environment, and culture and commu• nication. Since 1960, more than 25,000 men and women from the region have participated in the Center's cooperative programs. Principal funding for the Center comes from the U.S. Congress. Sup• port also comes from more than 20 Asian and Pacific governments, as well as private agencies and corporations. The Center has an international board of governors. President Victor Hao Li came to the Center in 1981 after serv• ing as Shelton Professor of International Legal Studies at Stanford University. The Southern Center for International Studies The Southern Center for International Studies is a non-profit educational in• stitution supported by state governments, business and professional firms, foundations and individuals. -
The Group of Twenty (G20) : Setting the Global Agenda
Briefing January 2015 The Group of Twenty (G20) Setting the global agenda SUMMARY The Group of Twenty (G20) is an informal forum for international cooperation, and consists of 19 major economies plus the European Union. It gained in prominence in 2008 – when regular summits at the level of leaders commenced – taking on the role of 'global crisis management committee'. While the majority of observers argue that the G20 did remarkably well to contain the financial and economic crisis in 2008 and 2009, it has been less successful in finding consensus and making progress on its agenda since the urgency and immediate pressures diminished. The outcomes of recent summits have therefore been rather modest, if not disappointing. The gap between agreed commitments and their implementation varies across policy areas and member countries but, for many observers, threatens to undermine the G20's credibility. The assessment of G20 policies remains mixed as its achievements are often accompanied by stalled progress and failure to implement. However, there are limits as to what can be accomplished due to the G20's voluntary rather than legal character, and lack of a formal enforcement mechanism. The G20 and the EU have the potential to mutually advance their agendas. The EU is strongly represented in the G20 which, according to some, gives it some influence on the G20's agenda. At the same time G20 commitments have had substantial impact on Europe's reforms of its financial sector. The November 2014 Brisbane summit was hailed as a success by the leaders, whereas the view of commentators was more mixed. -
Japan's G20 Presidency for 2019
RESEARCH & ANALYSIS Japan’s G20 Presidency for 2019: Potential Agendas and Issues Masahiro Kawai Introduction Japan will assume the G20 presidency for 2019. For this, Japan intends to demonstrate its greater leadership in the G20 process on the basis of its efforts at, and contributions to, G20 Summits thus far. This is the first time Japan hosts the G20 Summit on Financial Markets and the Global Economy, which will be held in Osaka on 28-29, June 2019. This chapter reviews the potential agenda and issues that will be implemented by Japan on its 2019 G20 presidency.1 1. G20 Summit The G20 Summit is an annual meeting for the political leaders of Group of Twenty (G20) economies, i.e., Argentina, Australia, Brazil, PENSAMIENTO PROPIO 48 PENSAMIENTO 185 Japan’s G20 Presidency for 2019: Potential Agendas and Issues Canada, China, the European Union, France, Germany, India, Indo- nesia, Italy, Japan, Korea, Rep. of, Mexico, Russian Federation, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States. Several countries, such as Spain, Singapore and the African Union chair country, as well as major international organizations, such as the United Nations (UN), International Monetary Fund (IMF), World Bank (WB), and the Financial Stability Board (FSB), are in- vited to the Summit. Other invited countries vary depending on the consideration of the G20 presidency. The G20 Leaders’ Summit was launched in November 2008 as a forum for the political leaders of major advanced and emerging economies to cope with the global financial crisis that had culminated following the Lehman shock. Nonetheless, there was a G20 process for finance ministers and central bank governors that had started in 1999; but in 2008 it was decided to upgrade this ministerial process to a leaders’ process.2 The G20 Summit was held twice a year in 2009 and 2010, and has been held annually since 2011. -
Regional Powers, Global Governance and the Relevance of BRICS
1 Regional Powers, Global Governance and the relevance of BRICS Dr. Sudip Chakraborty Associate Professor in Economics A.C. College NORTH BENGAL UNIVERSITY P.O.& Dist. JALPAIGURI WEST BENGAL INDIA-735101 E-mail: [email protected] ABSTRACT The paper justifies the optimism of new global order. The global financial crisis that had erupted in the US during 2008 battered the global economy. The disaster paved the way for rethinking on changes in the architecture of global governance. The fragile political and economic global situation triggered by the crisis led to emergence of regional power confederacy, particularly within the developing world. Consequently, the importance of Brazil, Russia, India, China, and South Africa (BRICS), within the global governance structure has gone up. The steady emergence of BRICS in global politics has been mainly based on their excellent economic performances. This development on economic front coincides with increasing cooperation and coordination and formulating common positions on global political issues. BRIC(S), as a united entity, is expected to shape global governance in the 21st century. The influence already demonstrated by these emerging nations will surely continue to redistribute the balance of power in international financial institutions in favour of developing nations. Though the future of BRIC(S) cannot be predicted with certainty, its combined efforts and the results of its meetings thus far reflect the potential of the group of emerging nations to change the existing distribution of power around the globe. Key words: global economy, regional powers, international financial institutions 2 INTRODUCTION The emergence of regional powers during the end of the last millennium seems to unsettle the current global order. -
Strategic Assessment 2020: Chapter 3A
Chapter 3a Contemporary Great Power Geostrategic Dynamics Relations and Strategies By Thomas F. Lynch III and Phillip C. Saunders This chapter provides a comparative assessment of the strategic objectives for the three contemporary Great Powers: the United States, China, and Russia. It first traces the evolution of each power’s strategic interests from 2000 to 2017, indicating where important milestones transitioned the powers’ relations from relative coop- eration and collaboration into de facto rivalry (by 2014 to 2015) and then a for- mally acknowledged rivalry (in 2017). The chapter next outlines the Great Powers’ current strategic viewpoints and how they contrast across the five major categories of state interaction: political and diplomatic, ideological, informational, military, and economic. It demonstrates that each power has many divergent strategic inter- ests, making rivalry inevitable. The chapter indicates where varying strategic inter- est intensity combines to make risks of Great Power clashes most worrisome in the coming 5 years: the Indo-Pacific, cyberspace, outer space, and, to a receding degree, the Middle East. It concludes that Russian strategic aims make Moscow a transient security risk to U.S. geopolitical dominance, while China’s ideological vision and aspirations make it the most important, albeit presently less threatening, rival to the U.S. status as the head of the global liberal international order. his chapter focuses on the three modern Great Powers—the United States, China, and TRussia—and the broad framework of their contemporary interactions. It provides an overview of the ongoing major debates about the nature and degree of challenges posed by these three major states.