The UNFCCC Climate Change Conference in Poznan, Poland from 1-12 December comes right in the middle of climate negotiations launched last year in Bali and scheduled to be completed in Copenhagen in 2009. Developing countries have submitted several proposals. Will Poznan give momentum to discussions on the governance of a post-2012 climate regime?
Though our work and research on matters of global economic governance continues, our posting here does not. For up-to-date information on the latest GEG news and research, please check the main GEG website and Facebook page.
November 28, 2008 / climate change
November 22, 2008 / financial crisis
Why have Italy and Ireland announced cuts to their foreign aid budget? Which other countries might reverse their UN commitment to spend 0.7% of Gross National Income on Official Development Assistance by 2015 because of public pressure?
November 21, 2008 / climate change
A report just launched by the Terrestrial Carbon Group makes an important contribution to the global climate change debate. The authors include dozens of eminent scientists, economists and public policy specialists such as Joseph Stiglitz and Tim Flannery. The report comes just in time for the next round of international negotiations – to be held in Poznan, December 2008 – which will advance the agenda for a post-Kyoto agreement.
Comments OffNovember 20, 2008 / financial crisis
As developing economies were recovering from the news of 100 million new poor from high food and fuel prices, the world financial crisis hit. For the poorest economies, the impact of the most recent crisis is significant, but mostly indirect. It runs through a decline in world commodity prices, slower demand for exports, lower investments, [...]
Walter Mattli and I offer our vision for the future of global financial regulation on Martin Wolf’s Financial Times blog The Economists’ Forum today.
In it, we argue that nothing less than a new global architecture for the regulation of banking and finance is required. Such architecture comprises three elements: broad representation in the rule-making process, proper monitoring, and systematic enforcement.
November 20, 2008 / health
Will action on research for health be driven by efficiency or equity? Will research be fast or fair? This week in Bamako, Ministers and their representatives from 59 countries chose equity over efficiency.
November 19, 2008 / regulation
GEG and the Duke University Center for International Studies have published the results of the first major business survey about corporate financial reporting and the financial reporting standards developed by the International Accounting Standards Board (IASB).
Assessing the IASB by Tim Büthe (Duke) and Walter Mattli (Oxford) reports key findings from the survey, conducted among financial executives—mostly CFOs and chief accounting officers—of companies listed on the major stock exchanges of the United States, Germany, France and the United Kingdom. 749 of these corporate finance experts, representing firms from all industries, participated in the business survey, which is part of a larger study, the International Standards Project, jointly directed by Büthe and Mattli at Duke and Oxford Universities.
Ngaire Woods addresses the urgent but difficult task of reforming the world’s international financial institutions in a report for the Progressive Governance Conference hosted by Gordon Browne in April 2008.
In the report, she writes that global cooperation among governments is urgently needed to manage the current financial crisis. In principle, the IMF and World Bank are ideally placed to play a key role. But in practice, neither institution is adequately equipped to ensure cooperation to deal with the current crisis. Put simply, neither institution has a governance structure which today commands the confidence of emerging economic powers whose cooperation is vital if global collective action is to resolve the financial crisis.
GEG Senior Researcher Devi Sridhar and Research Associate Rajaie Batniji have published a study in the Lancet examining the financing of global health.