Rethinking Bretton Woods | Thu, Oct 14, 2010
RBW Director contributes to a publication analyzing the recently-established G20 Working Group on Development.
The German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) has released "G20 and Global Development: How can the new summit architecture promote pro-poor growth and sustainability?", edited by Thomas Fues and Peter Wolff.
The G20 has recently decided to establish a working group on development. At their upcoming summit in Seoul in November 2010 the group will adopt a far-reaching development agenda. The broadening of focus has significant implications for international development policy. The E-Publication brings 27 contributions to analyze these changes.
The critical analyses by leading scholars from North and South point to the G20’s potential for global development in concentrating on the framework conditions for the global economy. But they also deal with the risks of an extended G20 mandate related to a possible marginalisation of the United Nations and a further fragmentation of the global development system. A special focus of the e-publication is directed towards the rising powers of the South. Their newly-found leadership position is hotly debated within these countries themselves but also in industrialized and developing countries.
In their totality, the contributions provide a multi-layered, informative account of the ongoing transformations in international development cooperation which, in turn, are a result of irreversible power shifts in the global economy and world politics.
RBW Director Aldo Caliari contributed an article titled "Identifying the G20's strengths in dealing with global development"
In the article, he argues that the G20 is positioned to make a major contribution to global development issues. This depends on its ability to complement – not duplicate – the role of global institutions while playing to its own major strengths.
Read Identifying the G20's strengths in dealing with global development, by Aldo Caliari.
Read full publication.