DOCSLIB.ORG

Plans for the Fourth G20 Summit-100510

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Plans for the Fourth G20 Summit-100510 Plans for the Fourth G20 Summit: Co-chaired by Canada and Korea in Toronto, June 26-27, 2010 Jenilee Guebert Director of Research, G20 Research Group May 10, 2010 List of Acronyms and Abbreviations 2 Germany 97 Preface 3 India 99 1. Background 3 Indonesia 100 2. Agenda and Priorities 4 Italy 101 Global Imbalances 9 Japan 103 Economic Growth 10 Mexico 104 Stimulus and Exit Strategies 11 Republic of Korea 106 Regulation and Supervision 16 Russia 107 Debts 24 Saudi Arabia 109 Accounting 26 South Africa 110 Offshore Jurisdictions and Tax Havens 28 Turkey 112 Executive Compensation 33 United Kingdom 113 Levies on Banks 37 United States 114 Currencies and Exchange Rates 41 European Union 116 Hedge Funds 48 Key sources 118 Reform of the International Financial Institutions 50 Trade 51 Climate Change 54 Energy 55 Employment 55 Development 56 3. Participants 57 4. Implementation and Preparations 59 Implementation 59 Preparatory Meetings 61 Preparations 62 Other Meetings 67 5. Site 68 Next Summit 70 6. Civil Society and Other G20 Related Activities 75 7. Appendices 77 List of Meetings 77 Leaders 77 Ministerials 77 Sherpas 78 Deputies 79 Workshops 79 Other 79 G20 Leaders’ Experience 79 List of G20 Finance Ministers and Central Bank Governors, 1999-2009 80 Members of G20, Gleneagles Dialogue and Major Economies Forum 84 G20 Leaders’ Biographies 84 Statistical Profiles 89 Argentina 89 Australia 90 Brazil 92 Canada 93 China 95 France 96 G20 Research Group, May 10/10 1 List of Acronyms and Abbreviations AIMA Alternative Investment Management Association APEC Asian Pacific Economic Cooperation ASEAN Association of South East Asian Nations BCBS Basel Committee on Banking Supervision BIS Bank for International Settlements BRIC Brazil, Russia, India and China CDS credit default swap DPRK Democratic People’s Republic of Korea DTA double taxation agreement ECB European Central Bank FSB Financial Stability Board FSF Financial Stability Forum GDP gross domestic product IADB Inter-American Development Bank IASB International Accounting Standards Board IDA International Development Association IEA International Energy Agency IFIs international financial institutions IFRS International Financial Reporting Standard IMFC International Monetary and Finance Committee IMF International Monetary Fund MEF Major Economies Forum MEM Major Economies Meeting NEPAD New Partnership for Africa’s Development OECD Organisation for Economic Co-operation and Development OPEC Organization of Petroleum Exporting Countries UNFCCC United Nations Framework Convention on Climate Change WTO World Trade Organization Preface This report on the “Plans for the Fourth G20 Summit” is compiled by the G20 Research Group largely from public sources as an aid to researchers and other stakeholders interested in the meetings of G20 leaders and their invited guests. It is updated periodically. Note that this document refers to the G20 leaders’ meeting (or summit), which had its first gathering on November 14-15, 2008, in Washington DC (as opposed to the G20 finance ministers forum, which was founded in 1999, and other groupings such as the G20 developing countries formed in response to the agricultural negotiations at the World Trade Organization). 1. Background The Group of Twenty (G20) leaders met for the first time in 2008, initially on November 14 for a working dinner and then on November 15 for a working meeting in Washington’s National Building Museum. The official name of the meeting was the “Summit on Financial Markets and the World Economy.” Participants from the G20 systematically significant developing and emerging countries gathered to discuss the global economic and financial crisis affecting the world. The G20’s members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union. Spain and the Netherlands also participated in the first meeting as part of the French delegation, under the auspices of the EU. The second summit took place on April 1-2, 2009. The United Kingdom hosted the meeting in London. Spain and the Netherlands again participated and representatives from ASEAN, the Financial Stability Forum, the International Monetary Fund, NEPAD, the United Nations, the World Bank and the WTO were also included. The third G20 meeting took place in Pittsburgh on September 24-25, 2009, with the United States as host. The fourth G20 summit (and the first institutionalized one) will take place in Toronto, Ontario, Canada, on June 26-27, 2010. It will be co-hosted by Canada and the Republic of Korea. The fifth summit is scheduled to take place in Korea in November 2010. In 2011, France will take over as chair. The G20 finance ministers’ and central bank governors’ group first met in 1999. They met for their tenth annual meeting on November 8-9, 2008, in Sao Paulo, Brazil. They have started meeting more frequently since the G20 leaders first met in Washington, including during the leaders’ meetings. They met on April 24, 2009, in Washington on the margins of the annual spring meeting of the IMF and World Bank, on September 4-5 to prepare for the Pittsburgh Summit and again for their annual meeting on November 6- 7, 2009, in St. Andrews, Scotland, which was be hosted by the UK (which held the chair of the G20 for 2009). Under the Gleneagles Dialogue, since 2005 a group of 20 ministers in the fields of environment and energy have met, including in Japan in 2008, to discuss issues associated with climate change. On the margins of the G8 Hokkaido Summit in Japan in July 2008, the 16 Major Economies Meeting (MEM-16) was held at the summit level, following official-level meetings of this forum started by the United States in 2007. President Barack Obama co-chaired the second summit-level meeting of the renamed Major Economies Forum (MEF) as part of the G8 L’Aquila Summit in Italy on July 9, 2009. In both cases, membership largely overlaps that of the G20. 2. Agenda and Priorities Highly indebted countries that continue borrowing heavily pose a “real risk” to global economic recovery, said Canadian prime minister Stephen Harper. Determined exit strategies from stimulus spending will have to form a big part of the discussion at next month’s G20 summit. “Our European friends have taken all the action that is necessary,” Harper said of the $140 billion emergency loan package offered to Greece by the EU and the IMF. “Obviously the situation in Europe is worrisome to a lot of people … As I said earlier this week, though, I think the European Union has put forward a package that is more than reasonable to deal with the situation.” He said the EU countries, including Greece, are “prepared to do what is necessary to resolve that issue … We’re going to do whatever we can to be supportive, to obviously encourage markets to act rationally, and to stay focused on the general pattern of recovery.” Harper insisted any recovery is still fragile and “we have to keep our eye on the ball.” He cautioned that “we will need a special focus … not just on stimulus but on the exit strategies from stimulus (at the Toronto summit) … This situation (in Europe) does show that, notwithstanding the necessity of high deficits in many countries during the recession, that in highly indebted countries in particular there are real risks with prolonged high deficits. We all need, internationally, to have solid exit strategies out of these situations as we approach the recovery.”1 (May 7, 2010, Canadian Press) The G20 Toronto Summit in June will focus on improving the quality and quantity of capital in the world’s financial institutions and on placing firm caps on leverage, Canadian finance minister Jim Flaherty said. “We have to get this right.” A key problem that led to the meltdown of financial markets in 2008 was “the excessive risk-taking” by banks around the world. They were leveraging assets to the tune of 30 to 1 to 40 to 1, he said. G20 countries all agree on the principle “that financial institutions that contribute to a financial crisis in the future should bear the cost of that, and not the taxpayers,” Flaherty said. Canada is suggesting that banks should be required to set aside some capital that could be tapped in the event of a crisis.2 (May 4, 2010, Waterloo Region Record) At their April meeting, the G20 finance ministers and central bank governors agreed to keep stimulus measures in place until the private sector recovers, seeking continued 1 Canadian Press (May 7, 2010), “Greek debt crisis shows G20 needs to discuss stimulus exit strategy: Harper.” 2 Waterloo Region Record (May 4, 2010), “Flaherty says G20 will focus on curbing risk.” global cooperation in exit strategies. They also pledged to complete the quota and governance reform of the IMF by their November Summit. “The global recovery has progressed better than previously anticipated largely due to the G20’s unprecedented and concerted policy effort. However, it is proceeding at different speeds within and across regions and unemployment is still high in many economies,” said the communiqué. “We recognize that in such circumstances, different policy responses are required. In economies where growth is still highly dependent on policy support and consistent with sustainable public finances, it should be maintained until the recovery is firmly driven by the private sector and becomes more entrenched.” In a G20 meeting in February in the Republic of Korea, each country generally agreed that the economic rebound was taking place at various speeds and exit strategies should be sought based on such different economic conditions, though they pledged global coordination. But some countries are now showing signs of splitting from this, by raising their key interest rates and withdrawing other fiscal policies.
Load more

Recommended publications
  • Canada's G8 Plans
    Plans for the 2010 G8 Muskoka Summit: June 25-26, 2010 Jenilee Guebert Director of Research, G8 Research Group, with Robin Lennox and other members of the G8 Research Group June 7, 2010 Plans for the 2010 G8 Muskoka Summit: June 25-26, Ministerial Meetings 31 2010 1 G7 Finance Ministers 31 Abbreviations and Acronyms 2 G20 Finance Ministers 37 Preface 2 G8 Foreign Ministers 37 Introduction: Canada’s 2010 G8 2 G8 Development Ministers 41 Agenda: The Policy Summit 3 Civil Society 43 Priority Themes 3 Celebrity Diplomacy 43 World Economy 5 Activities 44 Climate Change 6 Nongovernmental Organizations 46 Biodiversity 6 Canada’s G8 Team 48 Energy 7 Participating Leaders 48 Iran 8 G8 Leaders 48 North Korea 9 Canada 48 Nonproliferation 10 France 48 Fragile and Vulnerable States 11 United States 49 Africa 12 United Kingdom 49 Economy 13 Russia 49 Development 13 Germany 49 Peace Support 14 Japan 50 Health 15 Italy 50 Crime 20 Appendices 50 Terrorism 20 Appendix A: Commitments Due in 2010 50 Outreach and Expansion 21 Appendix B: Facts About Deerhurst 56 Accountability Mechanism 22 Preparations 22 Process: The Physical Summit 23 Site: Location Reaction 26 Security 28 Economic Benefits and Costs 29 Benefits 29 Costs 31 Abbreviations and Acronyms AU African Union CCS carbon capture and storage CEIF Clean Energy Investment Framework CSLF Carbon Sequestration Leadership Forum DAC Development Assistance Committee (of the Organisation for Economic Co- operation and Development) FATF Financial Action Task Force HAP Heiligendamm L’Aquila Process HIPC heavily
    [Show full text]
  • BACKBENCHERS So in Election Here’S to You, Mr
    Twitter matters American political satirist Stephen Colbert, host of his and even more SPEAKER smash show The Colbert Report, BACKBENCHERS so in Election Here’s to you, Mr. Milliken. poked fun at Canadian House Speaker Peter politics last week. p. 2 Former NDP MP Wendy Lill Campaign 2011. p. 2 Milliken left the House of is the writer behind CBC Commons with a little Radio’s Backbenchers. more dignity. p. 8 COLBERT Heard on the Hill p. 2 TWITTER TWENTY-SECOND YEAR, NO. 1082 CANADA’S POLITICS AND GOVERNMENT NEWSWEEKLY MONDAY, APRIL 4, 2011 $4.00 Tories running ELECTION CAMPAIGN 2011 Lobbyists ‘pissed’ leaner war room, Prime Minister Stephen Harper on the hustings they can’t work on focused on election campaign, winning majority This campaign’s say it’s against their This election campaign’s war room Charter rights has 75 to 90 staffers, with the vast majority handling logistics of about one man Lobbying Commissioner Karen the Prime Minister’s tour. Shepherd tells lobbyists that working on a political By KRISTEN SHANE and how he’s run campaign advances private The Conservatives are running interests of public office holder. a leaner war room and a national campaign made up mostly of cam- the government By BEA VONGDOUANGCHANH paign veterans, some in new roles, whose goal is to persuade Canadi- Lobbyists are “frustrated” they ans to re-elect a “solid, stable Con- can’t work on the federal elec- servative government” to continue It’s a Harperendum, a tion campaign but vow to speak Canada’s economic recovery or risk out against a regulation that they a coalition government headed by national verdict on this think could be an unconstitutional Liberal Leader Michael Ignatieff.
    [Show full text]
  • Climate Change: a G8 Overview
    Climate change: A G8 Overview Developing Visions Towards a Low Carbon Society Through Sustainable Development – June 16 2006 David Warrilow Head of Climate Change Science Policy DEFRA, UK WHY IS CLIMATE CHANGE AN ISSUE FOR THE G8? • The G8 accounts for over 65% of global GDP and 47% of global CO 2 emissions. • United Nations Framework Convention on Climate Change – Article 3: “the developed country Parties should take the lead in combating climate change and the adverse effects thereof.” UK G8 PRESIDENCY – GLENEAGLES SUMMIT OUTCOMES •G8 leaders agreed that climate change is happening now, that human activity is contributing to it, and that it could affect every part of the globe. •They recognised that, globally, emissions must slow, peak and then decline, moving to a low-carbon economy. •Gleneagles Dialogue on Climate Change, Clean Energy And Sustainable Development. •Gleneagles Plan of Action on Climate Change, Clean Energy And Sustainable Development. Gleneagles Dialogue on Climate Change, Clean Energy And Sustainable Development • First meeting held 1 st November 2005 • “We invite other interested countries… (G8+5 and others) • ”Transforming our energy systems … a more sustainable future • “Monitor implementation of… the Plan of Action • IEA and World Bank involvement Gleneagles Dialogue Working Groups •Meetings in Mexico 7-9 June •Preparations for Ministerial meeting in October •Not an alternative to official UNFCCC process •Facilitates discussion on aspects of combating climate change: Technology Transfer Market Mechanisms Adaptation Gleneagles Plan of Action Climate Change, Clean Energy And Sustainable Development • Using less energy • Cleaner sources of energy • Developing country interests • Adaptation and logging – sustainable development International Energy Agency (IEA) Workplan •Advise participants in the Dialogue on alternative energy scenarios and strategies to create a clean clever and competitive energy future.
    [Show full text]
  • Financial Regulation and the G20
    G20 MONITOR Financial Regulation and the G20 Mike Callaghan Hugh Jorgensen Stephen PPickfordickford Richard Gray Ross Buckley Steven Bardy Graham Hodges N o.4 - JULY 2013 The Lowy Institute for International Policy is an independent policy think tank. Its mandate ranges across all the dimensions of international policy debate in Australia — economic, political and strategic — and it is not limited to a particular geographic region. Its two core tasks are to: produce distinctive research and fresh policy options for Australia’s international policy and to contribute to the wider international debate. promote discussion of Australia’s role in the world by providing an accessible and high quality forum for discussion of Australian international relations through debates, seminars, lectures, dialogues and conferences. Funding to establish the G20 Studies Centre at the Lowy Institute for International Policy has been provided by the Australian Government. The views expressed in the contributions to this Monitor are entirely the authors’ own and not those of the Lowy Institute for International Policy or of the G20 Studies Centre. 2 Contents Overview: Refining the role of the G20 in strengthening financial regulation ......................... 4 By Mike Callaghan A stocktake of global financial reform five years after the collapse of Lehman Brothers ........ 8 By Hugh Jorgensen The G20 and financial sector reforms ...................................................................................... 16 By Stephen Pickford Financial regulation: strengthening the coordination role of the G20 ..................................... 21 By Richard Gray Financial regulation and the G20: is there a gap in the governance structure? ....................... 27 By Mike Callaghan Are the G20’s financial regulatory reforms adequate? ............................................................ 35 By Ross Buckley Whither the G20 and the FSB? The 2014 agenda...................................................................
    [Show full text]
  • VOTES and PROCEEDINGS No
    2093 2004-05-06-07 THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA HOUSE OF REPRESENTATIVES VOTES AND PROCEEDINGS No. 190 TUESDAY, 11 SEPTEMBER 2007 1 The House met, at 10.38 a.m., according to the terms of the resolution of 15 August 2007. The Speaker (the Honourable David Hawker) took the Chair, and read Prayers. 2 ADDRESS BY THE PRIME MINISTER OF CANADA The Speaker extended a welcome to the President of the Senate and Senators as guests. The Prime Minister of Canada, the Right Honourable Stephen Harper, was announced. The Speaker welcomed Prime Minister Harper. The Speaker also welcomed Mrs Laureen Harper who was present in the gallery. Mr Howard (Prime Minister) welcomed Prime Minister Harper. Mr Rudd (Leader of the Opposition) supported the remarks of the Prime Minister. The Speaker invited Prime Minister Harper to address the meeting. Prime Minister Harper then addressed the meeting. The Speaker, on behalf of the House, expressed thanks to Prime Minister Harper. Prime Minister Harper departing the Chamber— The sitting was suspended from 11.10 a.m. to 2.40 p.m. 3 QUESTIONS Questions without notice were asked. 4 AUDITOR-GENERAL’S REPORT The Speaker presented the following document: Auditor-General—Audit report No. 6 of 2007–2008—Performance audit—Australia’s preparedness for a human influenza pandemic: Department of Health and Ageing; Department of Agriculture, Fisheries and Forestry. Ordered to be made a Parliamentary Paper. 5 DOCUMENTS The following documents were presented: Aboriginal Land Commissioner—Report and recommendations to the Minister for Families, Community Services and Indigenous Affairs and to the Administrator of the Northern Territory— No.
    [Show full text]
  • The Energy Puzzle a Question of Science, Politics and Communication JOIN the WINNING TEAM
    PWOct09cover 21/9/09 12:58 Page 1 physicsworld.com Volume 22 No 10 October 2009 The energy puzzle A question of science, politics and communication JOIN THE WINNING TEAM NKT Photonics - the power of light - SuperK white light lasers - Koheras fiber lasers - Crystal Fibre specialty fibers - aeroLASE amplifier modules NKT Photonics A/S design and manufacture ultra-low noise fiber lasers (Koheras), supercontiunuum lasers (SuperK), and microstructured fibers (Crystal Fibre). Applications for Koheras lasers include interferometric sensing for oil & gas exploration, perimeter surveillance, security, as well as wind LIDAR. The SuperK white light lasers address markets for biomedicine, metrology and R&D. The Crystal Fibre product line include all-glass double clad fibers for high power lasers and amplifiers, hollow core gyroscope fibers and supercontinuum fibers. www.nktphotonics.com Untitled-1 1 18/9/09 09:56:21 PWOct09contents 22/9/09 16:26 Page 1 physicsworld.com Contents: October 2009 Quanta 3 Frontiers 4 News & Analysis 6 New proposal to detect gravitational waves ● World’s quietest building opens ● CERN boss targets future accelerator ● China’s first space-based science mission delayed ● Panel reviews NASA’s Moon and Mars plans ● Indian lunar mission fails ● Teething troubles at US energy agency ● Spain powers ahead in solar-thermal UK Meteorological Office/Science Photo Library energy ● Germany seeks to boost university research ● Bribe allegations rock German science ● New telescope array to shed light on early universe ● Australia launches astronomy centre ● Survey reveals risk of medical scans A question of – science 33–35 Feedback 15 The energy puzzle Challenges in tackling climate change 20 Bold decisions are needed to halve greenhouse-gas emissions by 2050 to limit global warming.
    [Show full text]
  • Getting the Triangle Straight: China, Japan, and the United States in An
    Getting the Triangle Straight: China, Japan, and 1 the United States in an Era of Change Gerald Curtis Compared with South Asia, the Middle East, and other parts of the world plagued by political instability, violence, pervasive poverty, death, and destruction, East Asia offers a stark contrast as a region that is the dynamic center of the world economy and that is at peace, or at least not at war. This reality is rendered all the more remarkable by the fact that this is an area where the interests of three great powers—China, Japan, and the United States—intersect. There are dangers of course. North Korea and Taiwan in particular are potential triggers for armed conflict, which, were it to occur, would in one way or another involve all three of these countries. Perhaps even more worrisome is the fragility of the global financial system, posing as it does the ever-present danger of renewed economic turmoil, increased protectionism, and the weakening of a relatively free trade regime that makes it possible for China, Japan, Korea, and the countries of Southeast Asia to pursue successful export-led growth policies. China, Japan, the United States, and other countries in East Asia face the same essential strategic question of how to keep the region at peace and sustain the economic vitality that not only is raising the living standards of people in East Asia but, in the globalized system in which we live, is con- tributing to improving the lives of people around the world. Successfully responding to this strategic challenge is no easy task, to be sure, but it is far preferable to the alternative faced in other parts of the world where there is still a need to figure out how to bring about political stability, economic growth, and the termination of war.
    [Show full text]
  • The Role of the G-8 in International Climate Change Negotiations
    In-Spire Journal of Law, Politics and Societies (Vol. 4, No. 2 – 2009) The Role of the G-8/G-20 in International Climate Change Negotiations Stavros Afionis, PhD. This article looks at G-8 Summit outcomes and analyses their impact on international climate change negotiations under the United Nations Framework Convention on Climate Change (UNFCCC). In particular, the article evaluates whether the UNFCCC negotiations have benefited from G-8 input and, if yes, to what extent. Even though issues relating to energy or energy security have been frequent G8 Summit top agenda topics, only recently has climate change featured prominently in G-8 talks. This paper argues that even though world leaders have been increasingly viewing G-8 meetings as an opportunity to discuss climate change-related developments at the highest level, seldom have they succeeded in achieving major breakthroughs. Nevertheless, Tony Blair’s decision in 2005 to make climate change a core theme of the UK G-8 Presidency, has resulted in significantly advancing international climate change negotiations over the past few years. With the G-20 replacing the G-8 as of 2011, as well as with President Obama in power in the US, future G-20 summits are expected to be far more eventful and productive in terms of promoting climate change mitigation and adaptation. Abbreviations COP Conference of the Parties COP/MOP Conference of the Parties serving as the Meeting of the Parties UNFCCC United Nations Framework Convention on Climate Change Introduction The Group of Eight (G-8) is one of the most important international forums for dealing with global issues.
    [Show full text]
  • 4 Ministerial Meeting of the Gleneagles Dialogue on Climate
    4th Ministerial Meeting of the Gleneagles Dialogue on Climate Change, Clean Energy and Sustainable Development (Gleneagles Dialogue) to be Held 1. OUTLINE (1) Dates: March 14 (Fri.)-16 (Sun.), 2008 (2) Venue: Makuhari Messe International Conference Hall, Chiba, Japan (3) Hosted by: Ministry of the Environment, Ministry of Foreign Affairs Ministry of Economy, Trade and Industry (4) Participating Countries and Organizations: ・ Environment and Energy Ministers of the G8 countries and other major greenhouse gas-emitting nations including China, India and Brazil (see annex) ・Representatives from the international organizations including the World Bank and the International Energy Agency (IEA) ・Representatives from NGOs/NPOs and industries (5) Environmental Considerations We will minimize the environmental impact of this Meeting by, for example, utilize fuel cell vehicles and purchase renewable energy certificates, among other measures. Furthermore, we plan to offset the greenhouse gasses emitted from holding this Meeting through carbon offsetting. (6) What is the Gleneagles Dialogue? The Ministerial Meeting of the Gleneagles Dialogue on Climate Change, Clean Energy and Sustainable Development was launched as a result of an agreement reached at the G8 Gleneagles Summit held in the United Kingdom in 2005. At the Meeting, environment and energy ministers of the G8 member states as well as other major greenhouse gas-emitting nations such as China, India and Brazil will discuss issues on technology, finance and the future framework for addressing climate change with important input provided by relevant organizations such as the World Bank and the IEA. 2. FOR THE PRESS Accreditation Although this meeting is closed to the public, journalists will be permitted to cover some parts of the meeting by obtaining accreditation beforehand by filling in the on-line registration form.
    [Show full text]
  • Newsletter 4
    September 14, 2009 CANADA-ASIA AGENDA www.asiapacific.ca Series Editor Brian Job Issue 2 Japan’s “electoral revolution” – changes at home and abroad By Tsuyoshi Kawasaki The Japanese general election was revolutionary: it brought to power for the first time since the end of World War II a majority government not led by the Liberal Democratic Party and it saw the final transition to a two-party system brought about by the introduction of single- member electorates 15 years ago. Like any revolution, it will be some time before it is clear if the pressures of real power will allow the new government to bring about promised change. The general election of August 30, 2009 in Japan was was not in power, Japan was governed by coalition extraordinary. The Democratic Party (DP) won 308 seats governments as none of the non-LDP parties had a out of 480 in the House of Representatives, ousting the majority.) In other words, it was the first “decisive and Liberal Democratic Party (LDP) from power. Since its true change of power” in post-World War II Japan. Of inception in 1955, the LDP had always governed Japan, course, this type of situation -- that is, a majority of seats either alone or in a coalition, except for ten months in secured by a former opposition party after an election -- is 1993-1994. This time, it lost almost two thirds of its nothing new to Canadian politics. But for the Japanese, previous seats, down to a mere 119 from 300, which this election has ushered in a new era of politics, as it was nothing short of disaster.
    [Show full text]
  • Neoliberals and the Radical Left Are in the Same Basic Income Boat: Is the Debate in Japan an Exception Or Is There a Universal Rationale Behind It?
    INSTITUT FRANÇAIS DE RECHERCHE SUR LE JAPON CONTEMPORAIN FRENCH INSTITUTE FOR RESEARCH ON CONTEMPORARY JAPAN フランス国立フランス国立現代現代現代現代日本研究センター日本研究センター UMIFRE 19 CNRS- MAEE Neoliberals And The Radical Left Are In The Same Basic Income Boat: Is The Debate In Japan An Exception Or Is There A Universal Rationale Behind It? by YAMAMORI Toru (Professor at Doshisha University) Working paper - Série L : Lunch Seminar WP-L-12-IFRJC-Yamamori-09-02.pdf Presentation at the Lunch Seminar on the 15th of October 2010, with Thierry Ribault as a discussant at 日仏会館 for our フランス国立現代日本研究センター .. UMIFRE 19 CNRS-MAEE 〒150-0013 東京都渋谷区恵比寿 3-9-25 日仏会館 3-9-25, Ebisu, Shibuya-ku, Tokyo, 150-0013 Japon TEL +81 (0) 3 5421 7641 / FAX +81 (0) 3 5421 7651 / http://www.mfj.gr.jp/ Lunch Seminar on the Japanese Economy and Society October 15th 2010, at the UMIFRE 19 – CNRS -Maison franco-japonaise Neoliberals And The Radical Left Are In The Same Basic Income Boat: Is The Debate In Japan An Exception Or Is There A Universal Rationale Behind It? Toru Yamamori* (Translated by Brian Small**) Around 2009, the debate over basic income in Japan reached not only academics but also citizens, politicians, activists and the media. In spite of skepticism and opposition from all political spectrum, support of the idea has come from two different political strands: the radical left and the Neoliberals. For a decade I have been researching radical grassroots activism for BI in Europe, and a concise introduction for BI that I published a year ago emphasized these roots for BI. This book was well received among some grassroots activists.
    [Show full text]
  • GETTING STARTED a Robin Hood Tax on the Banks Has the Power to Raise Hundreds of Billions Every Year Globally
    ROBIN HOOD TAX: GETTING STARTED A Robin Hood Tax on the banks has the power to raise hundreds of billions every year globally. Money that could protect public services in the UK, help the poorest people at home and abroad and tackle climate change. ROBIN HOOD TAX AND WHAT WE WANT TO SEE: INTERNATIONAL DEVELOPMENT: A BANK TAX THAT WOULD MAKE ROBIN WHY IT MATTERS. 3 PROUD. The effects of the banking crisis on developing countries We know that the Government could introduce didn’t get a huge amount of coverage in the UK. greater taxation on the financial sector to the tune Understandably enough, the focus was on the impact of £20bn a year. here, as the actions of a small minority wreaked havoc on the UK economy. But, unsurprisingly, a fire fuelled in wealthy countries also burnt millions of poor people – and MONEY FROM A ROBIN HOOD TAX GOING 3 TO THOSE WHO NEED IT. continues to do so. We suggest this money should be split: 50% to There are the inevitable pitfalls of globalisation, for starters. Spending falls in the UK. People buy fewer UK | 25% to Climate Change | 25% to International clothes. Shops order fewer clothes. Orders fall in factories Development. in poor countries. People are laid off and can’t find alternative work. And suddenly the global economic crisis THE UK BEING AN INTERNATIONAL 3 LEADER hits the market stall holder who used to sell lunches to the people in factories. And so on and so on. So we can help push for Europe-wide taxes on the The crisis also had a profound effect on poor countries financial sector.
    [Show full text]