Focus Three: Global Economic Governance

G20 Bailed Out by European Crisis (July 2012)

Rethinking Bretton Woods | Sat, Jun 30, 2012

G20 Bailed Out by European Crisis (July 2012)

This report provides an assessment of the outcomes of the G20 Summit held in the city of Los Cabos, Mexico, on June 18-19 2012, regarding the global economic recovery, financial regulation and IMF reform.

Click here for a related report on the outcomes of a G20 Study on Macroeconomic Impacts of Commodity Price Volatility, also addressed at the Los Cabos Summit.

It is time G20 progress gets measured, CSOs say (June 2012)

Rethinking Bretton Woods | Thu, Jun 14, 2012

It is time G20 progress gets measured, CSOs say (June 2012)

The Group of 20 (G20) has tasked itself with coordinating a much-needed global response to tackling some of the most pressing problems of the world economy. But it is difficult to assess

the progress of the G20 countries towards the shared goals that emerged and consequently of the usefulness of the forum.


It is high time that the G20 reported on its progress against its own objectives and made other improvements to its ways of working to make it fit for purpose and more likely to achieve its

ambitious, but important goals.


In a brief with recommendations prepared in the occasion of the upcoming G20 Los Cabos Summit (to be held June 18-19), CIDSE, the transtatlantic alliance of catholic development agencies, draws attention to the need for increased progress against G20 objectives in critical areas, makes recommendations for specific actions and points to the need for better tools and processes for the G20 to increase its transparency, accountability and ultimately effectiveness.

Towards a Global Shared Societies Agenda (June 2012)

Rethinking Bretton Woods | Wed, Jun 13, 2012

Towards a Global Shared Societies Agenda (June 2012)

On April 22 2012 the Friedrich-Ebert-Stiftung, Club de Madrid and Center of Concern co-organized a seminar at the International Monetary Fund. The seminar followed on two high-level conferences they organized during 2011 to discuss the linkage of two-goals our organisations believe must be pursued together in order to achieve sustainable development and growth: reform of the international financial and monetary system and the prioritization of policies that promote equitable and shared societies.

The latest seminar aimed to facilitate the formulation of a “Global Shared-Societies Agenda,” a strategy to promote social inclusion and cohesion for sustainable development and growth.

Representatives of the following organizations took part: Asian Development Bank, G20 Mexican Presidency, International Labour Organization, International Monetary Fund (IMF), International Trade Union Confederation, Organisation for Economic Co-operation and Development, UN Children’s Fund, UN-Department of Economic and Social Affairs, UN Development Programme, UN Regional Commissions (ECLAC and ESCWA), UN Women and World Bank.

The resulting Global Shared Societies Agenda contains proposals to address the question of what policy options provide the best opportunities to encourage greater equality, inclusion and sharing and thereby facilitate the creation of a more effective, efficient and sustainable economic system.

Seeing Financial Regulation Anew (September 2011)

Rethinking Bretton Woods | Mon, Sep 26, 2011

Seeing Financial Regulation Anew (September 2011)

In an article appeared on the Summer 2011 issue of Center Focus, Aldo Caliari describes the discrediting of the two beliefs that kept control of financial regulation in the hands of a small cadre of so-called technical elites for the last two decades. "If we want the next decade to see the emergence of a financial system that serves the common good, it is imperative to ensure that the debate on financial regulation sees the active scrutiny and participation of broad swathes of society," he says.