G20 London 2009


G20 Video Wrap-up
April 6, 2009, 11:14 am
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In collaboration with CBC’s The National, contributors of this blog prepared a set of short video commentaries from behind the scenes of the G20 London Summit. Below are the two final commentaries by CIGI experts, following the conclusion of the summit.

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Dr. Andrew F. Cooper  CIGI Associate Director and Distinguished Fellow
PLAY VIDEO (Runs 3:05)

In this video blog, Dr. Cooper summarizes the final outcome of the G20 London Summit following US President Barack Obama’s press briefing. He notes that the core challenge the president faced at his first international summit was to bring home the importance of these brokered decisions to an American audience. Furthermore, Dr. Cooper submits that the world was waiting in anticipation of Obama’s view on how the United States could act as a legitimate force in first resolving the immediate economic crisis and second in developing an effective global architecture for preventing /resolving future crises. While London was a first step in bolstering confidence back in the US and the world economy, great challenges of delivering on new promises and meeting expectations remain in the months ahead.

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Dr. Gregory Chin  CIGI Senior Fellow
PLAY VIDEO (Runs: 1:26)

In this video blog, Dr. Chin comments on the growing public confidence of the Chinese government within global governance. He suggests that the G20 London Summit may well be remembered as the moment with China upgraded its status to an active global diplomatic power, and the time when a consolidated and informal “G2” between the United States and China launced a strategic decision-making bloc. Moving beyond the London Summit, Dr. Chin raises the issue of implementation after consensus, and that a renewal of confidence in the global economy will rely on the G20’s ability to mobilize action and resources.

Post your feedback on these videos and the conclusion of the G20 London Summit on CBC’s The National’s blog, by video or text.

Disclaimer: This blog is solely intended to spur discussion, while the opinions expressed are those of the author(s) and do not necessarily reflect the views of CIGI, Chatham House or their respective Boards of Directors.

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G20 London Summit Declaration
April 2, 2009, 1:25 pm
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declaration

By late-afternoon today, as the formal meetings were wrapping up, the G20 Leaders’ Statement was circulated to the media and online. There were reports that leaders were agreeing to the final language up until the final minutes. Largely, there are not many surprises in the substance of the declaration, while much is left to interpretation on who will deliver and enforce the key points of agreement.

These documents make clear the need to empower or reform the international financial institutions, particularly the International Monetary Fund and the World Bank, to allow for continued monitoring of G20 progress on reversing the world economic crisis. There is also mention of another G20 summit (host country TBA) by the end of 2009 to track national and international action on the statement’s main points.

The declaration came in three parts, the statement and two annexs:

Leaders’ Statement (2 April 2009)
Annex: Declaration on Strengthening the Finanical System (2 April 2009)
Annex: Declaration on Delivering Resources through the International Financial Institutions (2 April 2009)

Disclaimer: This blog is solely intended to spur discussion, while the opinions expressed are those of the author(s) and do not necessarily reflect the views of CIGI, Chatham House or their respective Boards of Directors.



Report: New Ideas for the London Summit
March 30, 2009, 6:50 pm
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Attempting to resolve the international financial and economic crisis has become one of the first major tests of the transatlantic relationship since the inauguration of President Obama in January 2009. Preparations for the London Summit of G20 leaders on 2 April 2009 have revealed some important differences between the US and European approach and among EU members themselves.

13744_r_g20To explore these differences and generate ideas on how best to overcome them in the midst of the financial and economic storm, Chatham House and The Atlantic Council of the United States brought together over 80 business leaders, financial experts and academics from Washington, New York, Brussels, Geneva, London, Paris and Rome in two one-day workshops.

A number of these experts were commissioned to write brief policy papers which were presented and discussed at the two workshops, held within the same week in March 2009, in Washington, DC and London. These papers form the body of the report, now available online at: http://www.chathamhouse.org.uk/publications/papers/view/-/id/727/

Disclaimer: This blog is solely intended to spur discussion, while the opinions expressed are those of the author(s) and do not necessarily reflect the views of CIGI, Chatham House or their respective Boards of Directors.



Experts Comment on G20
March 28, 2009, 6:10 pm
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Under the auspices of its Breaking Global Deadlocks project, CIGI co-organized a workshop with the Brookings Institution (USA) and the Centre for Global Studies (Canada) on 9 February 2009 entitled, International Financial Governance: Toward the London G20 Summit.

Convened to allow for consultations among G20 experts with the U.K. officials organizing the London Summit 2009. With opening remarks by Prime Minister Gordon Brown, discussions were of the highest level. What proceeded was a frank and open discussion on the role of the G20 as a global economic crisis committee

While the event conducted under the Chatham House Rule of non-attribution, Brookings prepared an event summary that provides a snapshot of the major points of discussion. Additionally, the UK Foreign Office recorded a number of video commentaries for the London Summit website, including two senior CIGI researchers:

Colin Bradford, CIGI Senior Fellow and Brookings Senior Fellow

Gordon Smith, CIGI Board of Governors Member and CFGS Director

Disclaimer: This blog is solely intended to spur discussion, while the opinions expressed are those of the author(s) and do not necessarily reflect the views of CIGI, Chatham House or their respective Boards of Directors.



Launch of G20 London 2009 Blog
March 27, 2009, 10:25 am
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Welcome to Tracking the London Summit 2009!

Over the following week, this blog will highlight original research and commentary on the G20 London Summit on the world economy, to take place on 2 April 2009. Expert bloggers will report on key developments towards the summit and will attempt to provide a snapshot of activity from inside the G20 International Media Centre.

Specifically, this blog will examine international responses to the deepening economic crisis and possible trajectories of global economic governance. A critical test for the London Summit will be in its ability to forge collective action among the established industrialized countries (G8) and the major emerging powers (G5), not only to stabilize the global economy but to develop anticipatory mechanisms for future crises. 

Tracking the London Summit 2009 is an initiative of CIGI and Chatham House, within their joint Study Group on Global Economic Governance. Keep up to date by bookmarking this site or subscribe to the , and add your comments to keep the discussion ongoing.

About the Organizers

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The Economic Diplomacy research project of CIGI – The Centre for International Governance Innovation – explores the rise of the emerging powers (or BRICSAM) and the resulting expansion of their activity in political and diplomatic settings. Led by Dr. Andrew F. Cooper, the project examines the intersection among foreign policy, economic power and global governance in a shifting global order. For more information, click here. 
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The International Economics research area of Chatham House is devoted to the study of international economic issues and policies. Led by Dr. Paola Subacchi, its goal is to anticipate emerging themes, provide accurate and policy-oriented research, and actively contribute to public debate. The strength of work on international economics lies in the scope of its coverage, and in its ability to analyse economic issues within a broad geopolitical context. For more information, click here. 

 

 

 
Disclaimer: This blog is solely intended to spur discussion, while the opinions expressed are those of the author(s) and do not necessarily reflect the views of CIGI, Chatham House or their respective Boards of Directors.