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Global economic cooperation views from g20 countries

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Nội dung chi tiết: Global economic cooperation views from g20 countries

Global economic cooperation views from g20 countries

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countriesgpalGlobal Economic CooperationViews from G20 Countries1st ed.2016£) SpringerEditorsRajat KalhuriaIndian Council for Research on International Economi

c Relations, New Delhi. Delhi. IndiaNeetika Kaushal NagpalIndian Council for Research on International Economic Relations, New Delhi. Delhi. IndiaISBN Global economic cooperation views from g20 countries

978-81 -322-2696-3e-ISBN 978-81 -322-2698-7DOI 10.1007/978-81 -322-2698-7Springer New Delhi Heidelberg New York Dordrecht LondonLibrary of Congress C

Global economic cooperation views from g20 countries

ontrol Number: 2015952995CỘ Indian Council for Research on International Economic Relations 2016This work is subject to copyright. All rights are rese

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countriesons, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electro

nic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.The use of general descriptive names, regi Global economic cooperation views from g20 countries

stered names, Wademarks, service marks, etc. in this publication docs not imply, even in the absence of a specific statement, that such names are exem

Global economic cooperation views from g20 countries

pt from the relevant protective laws and regulations and therefore free for general use.The publisher, the authors and the editors are sale to assume

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countries the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made

.Printed on acid-free paperSpringer (India) Pvt. Ltd. is part of springer Sciencc+Busincss Media (www.springcr.com)ForewordWith Turkey assuming respon Global economic cooperation views from g20 countries

sibility for the G20 Presidency on 1 December 2014. it is worth reflecting on the 5 th Annual ICRIER-G20 conference held in September 2013. The theme

Global economic cooperation views from g20 countries

of that conference was ‘Governance and Development’, both prominent issues during Australia’s hosting of the G20.Australia sees the G20 as the right g

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countriesough to be relevant, but narrow enough to be effective. For US. it is extremely important that the G20 works effectively to provide political momentum

on key issues facing the global economy.In the past few years, some have expressed concerns about the G20’s status as the world’s premier economic fo Global economic cooperation views from g20 countries

rum. There has been a perception that, with threats from the global financial crisis receding, the incentives for cooperation had diminished, the agen

Global economic cooperation views from g20 countries

da had grown cumbersome as successive presidencies added to the G20’s work program, and Leaders, Finance Ministers, Central Bank Governors and the gen

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countriesuring 2014. We streamlined the agenda and ensured Leaders, Ministers and Governors focused on a small number of key issues where they could make a rea

l difference. We also sought to strengthen personal relationships and genuinely engage business and community members on our agenda. We focused on pro Global economic cooperation views from g20 countries

ducing shorter communiques tliat better convey to our citizens what the G20 lias achieved. We also introduced innovative formats to G20 meetings, desi

Global economic cooperation views from g20 countries

gned to deepen personal relationships amongst the members and ensure they were comfortable with the forum The importance of this cannot be underestima

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countrieses. It also ensured that Ministers and Governors had built the trust needed to tackle the big global issues as they arose.In terms of the G2()’s work

during 2014, we focused on concrete actions to lift global growth and shore up the resilience of the global economy.It was clear that the G20 as a gro Global economic cooperation views from g20 countries

up needed to focus on a handfill of practical outcomes to catalyse private sector led growth, given the continued weak global outlook and the limits o

Global economic cooperation views from g20 countries

f macroeconomic policy lexers. This led to the development of comprehensive growth strategies from each G20 member, which focused on well-calibrated m

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countries000 measures, will boost the collective GDP of G20 economies by 2.1 % by 2018. This equates to an injection of an additional S2 trillion into the worl

d economy and the creation of millions of jobs.As part of the growth strategies, there was a strong focus on investment and intrastructure. Members ag Global economic cooperation views from g20 countries

reed to a range of individual and collective actions to improve domestic investment environment, better intermediate global savings to productive inve

Global economic cooperation views from g20 countries

stments, facilitate stronger and deeper capital markets, better leverage multilateral development bank capital and public finances, and improve projec

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Global economic cooperation views from g20 countriesthe G20’s collective actions 1112015.Australia also focused on a number of measures to strengthen the resilience of the global economy. In particular,

progress was made in substantially completing work in four core areas of financial regulatory reform (better capitalised banks, addressing too-big-to Global economic cooperation views from g20 countries

-fail. addressing shadow

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

Rajat Kathuria • Neetika Kaushal NagpalEditorsGlobal Economic CooperationViews from G20 CountriesSpringerEditorsRajat Kathuria and Neetika Kaushal Nag

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