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Open Trade and Sustainable Investment

Policy Briefs contain recommendations or visions and cover policy areas that are of interest to G20 policymakers. The majority of the Policy Briefs has been developed by a corresponding Think20 Task Force.

T20 Recommendations Reports tie related policy proposals made under different G20 Presidencies into a common policy advice framework. They aim to leverage connections between T20 research organizations as well as other stakeholders to address well-defined global problems, in order to support G20 policymakers and to aid business and civil society organizations in complementing G20 policy efforts.

Policy Briefs

Looking for a Possible Locomotive to Lead International Trade
Daehee Jeong - Korea Development Institute
Exploration Of New Methodologies And Configurations For An Effective Wto And To Strengthen The Multilateral Trading System
Rajeev Kher - Research and Information System for Developing Countries (RIS), Arun S.Nair, Mohamad D. Revindo - Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia/LPEM FEB UI, Dandy Rafitrandi - Centre for Strategic and International Studies (CSIS), Yoshua Caesar Justinus - Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia/LPEM FEB UI, Yudhi Dharma Nauly - Indonesian Customs and Excise Training Center, Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Stellenbosch
Disciplining Rules Of Origin At The Multilateral Level Towards Open And Inclusive Global Value Chains
Pramila Adeline Crivelli - Asian Development Bank, Stefano Inama - United Nations Conference on Trade and Development (UNCTAD), Geneva (Switzerland)
Towards A More Open, Fairer And Greener Trade: Reducing Barriers, Mainstreaming Green Agenda
Lukasz Ambroziak - Institute of Agricultural and Food Economics, Jan Strzelecki, Marek Wasinski, Damian Wnukowski, Sung Jin Kang, Donghyun Park - Asian Development Bank, Shu Tian - Asian Development Bank
An Inclusive Evaluation Framework For Sustainable Investment
Shunsuke Managi - Urban Institute, Alexander Ryota Keeley - Urban Institute, Shutaro Takeda - Urban Institute
G20 Collaboration For Smooth Transition To 4IR In Developing Countries
Priyadarshi Dash - Research and Information System for Developing Countries (RIS), AndreyFilippov - Centre for the Fourth Industrial Revolution, Siddhi Sharma - Research and Information System for Developing Countries (RIS), Sukhmani Kaur - Research and Information System for Developing Countries (RIS)
Digital Industrialization: Building Internationally Competitive Digital Industries With Global Value Chain Connectivity
Rupa Chanda - Indian Institute of Management, Yose Rizal Damuri - Centre for Strategic and International Studies, Jane Drake-Brockman - Institute for International Trade, University of Adelaide, Dionisius Narjoko - Economic Research Institute for ASEAN and East Asia, Hildegunn Kyvik Nordås - Örebro University, Neha Mishra - The GraduateInstitute, Matthew Stephenson - World Economic Forum, Makoto Yokazawa - Centre for International Economic Cooperation
Roundabout Way To Multilateralism: How Could Regional Trade Agreements (rtas) And Plurilaterals Revitalise It?
M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Fabrizio Botti - Istituto Affari Internazionali (IAI), Chiara Criscuolo - Science Technology and Innovation Directorate, OECD, Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Lelio Lapadre - Department of Industrial and Information Engineering and Economics, University of L’aquila, Guy Lalanne - Science Technology and Innovation Directorate, OECD, Stormy-Annika Mildner, Amelia U. Santos-Paulino - Division on Investment and Enterprise, Cyrille Schwellnus - Science Technology and Innovation Directorate, OECD, Claudia Schmucker - German Council on Foreign Relations (DGAP), Lucia Tajoli - Politecnico di Milano, Davide Tentori, Claudia Trentini - Division on Investment and Enterprise
Greening Global Trade: Enhanced Synergies Between Climate And Trade Policies For Decarbonization
S. K. Mohanty - Research and Information System for Developing Countries, Pankhuri Gaur - Research and Information System for Developing Countries, Chandni Dawani - Research and Information System for Developing Countries, Rizki N. Siregar, Novia Xu - Centre for Strategic and International Studies (CSIS), Giulia Cretti - Clingendael Institute, Pierfrancesco Mattiolo - Scuola di Politiche, Paolo Mazzotti
Global Value Chain Inclusivity And Digital Entrepreneurship
Erkko Autio, Mohamad D. Revindo - Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia/LPEM FEB UI, Yothin Jinjarak - Asian Development Bank, Eva Komlosi - Faculty of Business and Economics, University of Pécs, Donghyun Park - Asian Development Bank, Cynthia Petalcorin - Asian Development Bank, Dandy Rafitrandi - Centre for Strategic and International Studies (CSIS), Yoshua Caesar Justinus - Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia/LPEM FEB UI, Willem Smit - Asia School of Business, László Szerb - Faculty of Business and Economics, University of Pécs, Shu Tian - Asian Development Bank, Monika Tiszberger - Faculty of Business and Economics, University of Pécs
What Is Climate FDI? How Can We Help Grow It?
Matthew Stephenson - World Economic Forum, James Zhan - United Nations Conference on Trade and Development (UNCTAD), Geneva (Switzerland)
Resilient Global Supply-chain Creation Among G20 Countries
M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Sutanto Soehodho - Transport Research Group, Nahry - Transport Research Group, Erwin Raza - Logistics and Supply Chain Agency, Zaroni, Ibrahim Kholilul Rohman, Reza Yamora Siregar, Rizky Rizaldi Ronaldo - Indonesia Financial Group Progress, Danny Hermawan Adiwibowo, Afif Narawangsa Luviyanto, Nada Serpina, As‘ad Mahdi, Aji Putera Tanumihardja
Linking Smallholder Production with Value-Added Food Markets
Belay Begashaw, Daniele Fattibene - Istituto Affari Internazionali, Fujita Yasuo, Futoshi Yamauchi, Gert-Jan Verburg
Reinvigorating the WTO as a Negotiating Forum
Akihiko Tamura, Anabel Gonzalez - the Peterson Institute for International Economics in Washington DC, and a consultant on trade and investment, Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Bernard Hoekman, Claudia Schmucker - German Council on Foreign Relations (DGAP), David Laborde Debucquet - Markets, Trade and Institutions Division- International Food Policy Research Institute, Eduardo Bianchi, Gabriel Felbermayr - Kiel Institute for the World Economy, Jean Dong - Australia-China Belt and Road Initiative, Junji Nakagawa, Manjiao Chi, Mark Wu, Sabyasachi Saha - Research and Information System for Developing Countries (RIS), Sandra Rios, Uri Dadush
The Crisis in World Trade
Akihiko Tamura, Anabel Gonzalez - the Peterson Institute for International Economics in Washington DC, and a consultant on trade and investment, Carlos Primo Braga, Fukunari Kimura - Keio University, ERIA, Junji Nakagawa, M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Peter Rashish, Shiro Armstrong, Uri Dadush
Reforming the WTO AB: Short-term and Mid-term Options for DSU Reform, and Alternative Approaches in a Worst Case Scenario
Carlos Coelho, Christopher Findlay - Institute for International Trade, University of Adelaide, Hugo Perezcano Diaz, Junji Nakagawa, Keith William Cameron Wilson, Manjiao Chi, Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Tsuyoshi Kawase
Expanding and Restructuring Global Value Chains for Sustainable and Inclusive Growth
M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Natalya Volchkova, Sabyasachi Saha - Research and Information System for Developing Countries (RIS), Takashi Hattori, Yasuyuki Todo
Services Trade for Sustainable, Balanced, and Inclusive Growth
Bernard Hoekman, Carlos Primo Braga, Hamid Mamdouh, J. Bradford Jensen, Jane Drake-Brockman - Institute for International Trade, University of Adelaide, Johannes Schwarzer, Patrick Low, Pierre Sauvé, Sherry Stephenson - PECC Taskforce on Services
Towards G20 Guiding Principles on Investment Facilitation for Sustainable Development
Ahmad Ghouri, Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Karl P. Sauvant - Columbia Center on Sustainable Investment, Columbia University, Matthew Stephenson - World Economic Forum, Tomoko Ishikawa
Promoting SME R&D and Innovation
Erik Stam, Hiroyuki Okamuro, Junichi Nishimura, Massimo Colombo
Promoting Support for Start-ups
Erik Stam, Ing-Kuen Lai, Luca Grilli, Massimo Colombo, Yuji Honjo
Global food security and market stability: the role and concerns of large net food importers and exporters
Jikun Huang, Martin Piñeiro - Argentine Council of International Relations (CARI), Valeria Piñeiro - International Food Policy Research Institute
Tax Competition
Christian von Haldenwang
Mitigating the Adjustment Costs of International Trade
Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Clara Brandi - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Johannes Schwarzer, M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Miriam Kautz, Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Peter Rashish, Rob Vos, Uri Dadush
Moving the G20’s investment agenda forward
Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Karl P. Sauvant - Columbia Center on Sustainable Investment, Columbia University
Tax expenditure and the treatment of tax incentives for investment
Agustin Redonda - Council on Economic Policies, Ariel Melamud, Christian von Haldenwang, Jakob Schwab, Lise Johnson, Mark Hallerberg, Ricardo Rozemberg, Santiago Díaz de Sarralde
Tax Transparency and Exchange of Information (EOI): Priorities for Africa
Christian von Haldenwang, Gamal Ibrahim, Nara Monkam, William Davis
Mobilizing Private Investment and the Compact with Africa: A Preliminary Assessment and Steps Ahead
Brahima Coulibaly, Jann Lay - Acting Director of the GIGA Institute of African Affairs Lead Research Fellow RP 3, Jing Gu, Rainer Thiele, Rob Floyd
New Industrial Revolution: Upgrading Trade and Investment Frameworks for Digitalization
Ricardo Meléndez-Ortiz - International Centre for Trade and Sustainable Development (ICTSD)
Mend It, Don’t End It: The case for upgrading the G20’s pledge on protectionism
Aki Tamura, Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Carlos Primo Braga, Claudia Schmucker - German Council on Foreign Relations (DGAP), Eduardo Bianchi, Galina Kolev, Johannes Schwarzer, Jurgen Matthes, Kamala Dawar, M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Marcela Cristini, Matthias Helble, Maximiliano Mendez-Parra, Simon Evenett - University of St. Gallen, Global Trade Alert, Tu Xinquan
Key Policy Options for the G20 in 2017 to Support an Open and Inclusive Trade and Investment System
M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Uri Dadush, Simon Evenett - University of St. Gallen, Global Trade Alert, Lise Johnson, Maximiliano Mendez-Parra, Raul Ochoa, Claudia Schmucker - German Council on Foreign Relations (DGAP)
Tax Expenditures
Magali Brosio, Paddy Carter, Mark Hallerberg, Song Hong, Martina Neuwirth
How to attract Quality FDI?
Adnan Serič - United Nations Industrial Development Organization, Christiane Krieger-Boden, Holger Görg - Kiel Centre for Globalization, Theodore Moran
Tax Certainty
Santiago Díaz de Sarralde, Christian von Haldenwang, Tobias Hentze, Nara Monkam
Policy Direction for the G20 in 2017 – the Challenges of Continued Globalization: How to Support Open and Inclusive Trade and Resolve Conflicts in the Trade-Climate Change Nexus
Alan Alexandroff - Director, Global Summitry Project, Colin Bradford - China-West Dialogue, Yves Tiberghien - University of British Columbia
Revitalizing Multilateral Governance at the World Trade Organization
Andreas Esche, Bernard Hoekman, Christian Bluth
Confronting “Deglobalization” in the multilateral trading system
Mehmet Sait Akman - G20 Studies Centre, The Economic Policy Research Foundation of Turkey (TEPAV), Bozkurt Aran - Center for Multilateral Trade Studies, The Economic Policy Research Foundation of Turkey (TEPAV), Leonardo Borlini, Carlos A. Primo - Fundação Dom Cabral, Uri Dadush, Fernando De Mateo - El Colegio de Mexico, Alejandro Jara - Institute of International Studies of Universidad de Chile, Douglas Lippoldt - Centre for International Governance Innovation, Giorgio Sacerdoti
Trade and development in the WTO: Toward a constructive approach to the issue of development status and special and differential treatment
Carlos Frederico Coelho - BRICS Policy Center, Lin Guijun - University of International Business and Economics (UIBE), Tatiana Prazeres - University of International Business and Economics (UIBE), Xinquan Tu - University of International Business & Economics (UIBE), Tim Yeend
Restructuring the WTO Regulatory Framework on industrial subsidies: Sustainability, free trade and prosperity
Filippo Bizzotto - Scuola di Politiche, Vasilis Livieratos - Université libre de Bruxelles (ULB), Pierfrancesco Mattiolo - Scuola di Politiche, Paolo Mazzotti, Gianmatteo Sabatino - Zhongnan University of Economics and Law
Digital trade: Top trade negotiation priorities for cross-border data flows and online trade in services
Jane Drake-Brockman - Institute for International Trade, University of Adelaide, Gabriel Gari, Stuart Harbinson - Asia Global Institute, Hong Kong University, Bernard Hoekman, Hildegunn Kyvik Nordås - Örebro University, Sherry Stephenson - PECC Taskforce on Services
Multilateral coordination and exchange for sustainable global value chains
Holger Görg - Kiel Centre for Globalization, Jann Lay - Acting Director of the GIGA Institute of African Affairs Lead Research Fellow RP 3, Stefan Pahl - University of Groningen, Adnan Serič - United Nations Industrial Development Organization, Frauke Steglich, Liubov Yaroshenko - En+ Group
Leveraging global digital trade opportunities for all
Bernard Hoekman, Keith Maskus - University of Colorado, Matthew Stephenson - World Economic Forum, Lucia Tajoli - Politecnico di Milano, Davide Tentori
Facilitating sustainable investment to build back better
Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Manjiao Chi, Bernard Hoekman, Makane Moïse Mbengue - Department of Public International Law and International Organization, Faculty of Law, University of Geneva, Karl P. Sauvant - Columbia Center on Sustainable Investment, Columbia University, Matthew Stephenson - World Economic Forum
Domestic distortions through industrial subsidies: Reframing the G20’s potential perspective
Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Henry Gao - Singapore Management University, Miriam Kautz, Naoise McDonagh - Institute for International Trade, The University of Adelaide, Matthias Menter - Friedrich Schiller University Jena, Xinquan Tu - University of International Business & Economics (UIBE)
Leveraging digital FDI for capacity and competitiveness: How to be smart
Matthew Stephenson - World Economic Forum, Lorraine Eden - Texas A&M University, Michael Kende, Fukunari Kimura - Keio University, ERIA, Karl P. Sauvant - Columbia Center on Sustainable Investment, Columbia University, Niraja Srinivasan - NERA Consulting, Lucia Tajoli - Politecnico di Milano, James Zhan - United Nations Conference on Trade and Development (UNCTAD), Geneva (Switzerland)
MSMES’ access to global value chains and trade finance
Jennifer Castaneda-Navarrete - University of Cambridge, Rajeev Kher - Research and Information System for Developing Countries (RIS), Carlos López-Gómez - University of Cambridge, Arun. S. Nair, Saon Ray - Indian Council for Research on International Economic Relations, Adnan Serič - United Nations Industrial Development Organization, Yee-Siong Tong - University of Cambridge, Ligia Zagato
Boosting G20 cooperation for WTO reform: Leveraging the full potential of plurilateral initiatives
Mehmet Sait Akman - G20 Studies Centre, The Economic Policy Research Foundation of Turkey (TEPAV), Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Fabrizio Botti - Istituto Affari Internazionali (IAI), Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Claudia Schmucker - German Council on Foreign Relations (DGAP)
Agricultural trade in a post-pandemic world
Priyadarshi Dash - Research and Information System for Developing Countries (RIS), Ilaria Espa - University Lugano, Facundo Gonzalez Sembla - Consejo Argentino para las Relaciones Internacionales (CARI), Christian Häberli - World Trade Institute (WTI), University of Berne, Shreya Kansal - Research and Information System for Developing Countries (RIS), Olayinka Idowu Kareem - University of Hohenheim
Investment screening: Protectionism and industrial policy? Or justified policy tool to protect national security?
Claudia Schmucker - German Council on Foreign Relations (DGAP), Stormy-Annika Mildner
Impact of digital technologies and the fourth industrial revolution on trade in services
Jane Drake-Brockman - Institute for International Trade, University of Adelaide, Ingo Borchert - Sussex University, Nigel Cory - Information Technology and Innovation Foundation, Ziyang Fan - World Economic Forum, Christopher Findlay - Institute for International Trade, University of Adelaide, Fukunari Kimura - Keio University, ERIA, Hildegunn Kyvik-Nordås - Orebro University, Norwegian Institute of International Affairs, Magnus Lodefalk - Orebro University, Shin-Yi Peng - National Tsing Hua University, Hein Roelfsema - Utrecht University, Yose Rizal Damuri - Centre for Strategic and International Studies, Sherry Stephenson - PECC Taskforce on Services, Tu Xinquan, Erik van der Marel - European Centre for International Political Economy, Mustafa Yagci - Islamic Development
Industrial subsidies as a major policy response since the global financial crises: Consequences and remedies
Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Henry Gao - Singapore Management University, Naoise McDonagh - Institute for International Trade, The University of Adelaide, Simon Evenett - University of St. Gallen, Global Trade Alert
Improving key functions of the world trade organization: Fostering open plurilaterals, regime management, and decision-making
Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Clara Brandi - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Manfred Elsig - World Trade Institute (WTI), University of Bern, Anwarul Hoda - Indian Council for Research on International Economic Relations (ICRIER), Xinquan Tu - University of International Business & Economics (UIBE)
The need for WTO reform: Where to start in governing world trade?
M. Sait Akman - Economic Policy Research Foundation of Turkey (TEPAV), Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Fabrizzio Botti - Istituto Affari Internazionali (IAI), Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia, Andreas Freytag - Friedrich-Schiller University of Jena, University of Stellenbosch, Pier Carlo Padoan - UniCredit S.p.A., Claudia Schmucker - German Council on Foreign Relations (DGAP)
Africa’s diversification and its trade policy transformation
Njuguna Ndung’u - African Economic Research Consortium (AERC), Axel Berger - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Clara Brandi - German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), Uri Dadush, Fatima Olanike Kareem - University of Goettingen, Olayinka Idowu Kareem - University of Hohenheim, David Luke - United Nations Economic Commission for Africa, Simon Mevel - United Nations Economic Commission for Africa, Rim Ben Ayed Mouelhi - Euro Mediterranean Network for Economic Studies (EMNES), Abebe Shimeles - African Economic Research Consortium (AERC), Frederik Stender - German Development Institute, Wilson Wasike - African Economic Research Consortium
Economic diversification in the mena region
Said A. Alshaikh - Riyadh Economic Forum, Hatem Akeel - University of Business and Technology, Jamal Alzayer - King Fahd University for Petroleum & Minerals, Abdulelah Darandary - King Abdullah Petroleum Studies and Research, Imed Drine - Islamic Development Bank, Farah Durani - University of Business and Technology, David Havrlant - King Abdullah Petroleum Studies and Research Center (KAPSARC), Salah Abu Nar - University of Business and Technology, Amer Al Roubaie - Ahlia University, Mohsen Tavakol - Atlantic Council, Ayman Zebran - University of Business Technology
Diversification and the world trading system
Uri Dadush, Abdelaaziz Ait Ali - Policy Center for the New South, Mohammed Al Doghan - King Faisal University, Muhammad Bhatti - King Faisal University, Carlos Braga - King Faisal University, Abdulelah Darandary - King Abdullah Petroleum Studies and Research, Anabel Gonzalez - the Peterson Institute for International Economics in Washington DC, and a consultant on trade and investment, Niclas Poitiers - Bruegel
Reforming investor-state dispute settlement and promotion of trade and investment cooperation
Loukas Mistelis - Queen Mary University of London, Faisal Alfadhel - Saudi Shura Council, Anton Asoskov - Lomonosov Moscow State University, Crina Baltag - Stockholm University, James Claxton - Rikkyo University, Mark Feldman - Peking University School of Transnational Law, Roberto Castro de Figueiredo - St Mary’s University, Kabir Duggal - Columbia Law School, Sergio Puig - University of Arizona, Giammarco Rao - Queen Mary University of London, Wenhua Shan - Xi'an Jiaotong University, Attila Tanzi - University of Bologna
How the G20 can advance sustainable and digital investment
Matthew Stephenson - World Economic Forum, Mohammed Faiz Shaul Hamid - Islamic Development Bank Group, Augustine Peter - Research and Information System for Developing Countries, Karl P. Sauvant - Columbia Center on Sustainable Investment, Columbia University, Adnan Serič - United Nations Industrial Development Organization, Lucia Tajoli - Politecnico di Milano
Trade implications of tax expenditures
Agustin Redonda - Council on Economic Policies, Facundo Calvo - IELPO LL.M., University of Barcelona, Gilles Carbonnier - Graduate Institute of International and Development Studies, Irma Mosquera Valderrama - Leiden University, Rahul Mehrotra - Graduate Institute of International and Development Studies, Robert Koopman - World Trade Organization
Global food and water security, trade, and market stability
Valeria Piñeiro - International Food Policy Research Institute , Pablo Elverdin - Group of Producing Countries of the Southern Cone (GPS), Martin Piñeiro - Argentine Council of International Relations (CARI), Estefania Puricelli - University of Maryland, Department of Geographical Sciences, Marcelo Regunaga - Graduate Program on Agribusiness, University of Buenos Aires, Federico Villarreal - Federico Villarreal, Director of Cooperation at IICA.
Global Trade Cooperation after COVID-19: Can the G20 Contain Disintegration?
Peter Draper - Institute for International Trade in the Faculty of the Professions, University of Adelaide, Australia
Checking the Chain: Achieving Sustainable and Traceable Global Supply Chains Through Coordinated G20 Action
Adina Spertus-Melhus - Hertie School Berlin, Linn von Engelbrechten - Economic Policy, Federal Ministry for Labor and Social Affairs Germany

Global Solutions Hubs

At our Global Solutions Hubs, you will find policy recommendations, solutions and experts on the policy areas of the G20 and T20. They cover the topics that are at the heart of the Global Solutions Initiative.
Do you have ideas for a Global Solutions Hub or would you like to submit your own Solution Session? Please contact us (contact@global-solutions-initiative.org).
Rebuilding Macroeconomics after the Pandemic

Financial Crisis, nationalism and COVID-19 are all socio-economic pandemics in the last decade. Each one starts in a small corner of our world, then spreads across continents in a very short space of time. Each one is a surprise, and each one catches us unprepared. If we are to be prepared for the next pandemic or crisis, we need a different approach to economics. It has to be possible to generate cascading systemic events within our models. We argue that this requires making the importance of social interaction central to economic models. Social foundations determine the rules of the game, how we interact with others and the ultimately the resilience of the economy.

This Global Table will argue the need to put social foundations at the center of rebuilding macroeconomics and economic policy.

Visit this Global Solution Hub

Experts

Angus Armstrong
ESRC’s Rebuilding Macroeconomics
Wendy Carlin
University College London
Paul Collier
University of Oxford
Alan Kirman
Aix-Marseille University and Ecole des Hautes Etudes en Sciences Sociales
Henrietta Moore
University College London
What can the G20 do to ensure a human centered trading system that benefits all countries?

While the world economy continues to be as connected by trade in goods and services as never before, the institutions governing global trade face an enduring crisis. Complemented by my-country-first narratives and rising tariff barriers by an increasing number of political leaders around the world, free trade is challenged. New types of trade, in services and data, create new challenges and require multilateral agreements to adequately govern them. And the COVID-19 pandemic makes the weaknesses of the optimized global production networks apparent. All these issues and problems have in common that the people can no longer fully benefit from trade. After a long period with a trading system fulfilling predominantly corporate interests, it is now time to step back and ensure a trading system that is centered on human needs and gains and that benefits all countries. This Global Table will discuss the required policy approaches.

Visit this Global Solution Hub

Experts

Dani Rodrik
Harvard Kennedy School
Susan Ariel Aaronson
George Washington University
Gabriel Felbermayr
Kiel Institute for the World Economy
Anabel Gonzalez
the Peterson Institute for International Economics in Washington DC, and a consultant on trade and investment
Pascal Lamy
Paris Peace Forum

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