This book focuses on one of the two G20 tracks, the finance track. It examines the evolution of the finance track in G20, the organizational structure of the finance track, and the role of international organizations in reforming the financial architecture. It discusses how the agenda is formed and driven by the political economy of the host country as well as the imperative of the time. It also documents the finance track themes taken up by different G20 presidencies over the years. Some of the common threads between the G20 emerging economies’ presidencies in terms of the finance track themes that the G20 leaders have considered include financial sector regulation and reform, reform of international financial institutions, global growth and macroeconomic policies, international taxation, and financial inclusion. The book is an excellent resource for the researchers of international economics as well as for policymakers.
Author(s): Saon Ray, Samridhi Jain, Vasundhara Thakur, Smita Miglani
Publisher: Springer
Year: 2023
Language: English
Pages: 235
City: Singapore
Acknowledgements
Contents
About the Authors
Abbreviations
List of Figures
List of Tables
1 Introduction
1.1 Background of the G20
1.2 G7/G8
1.3 Evolution of the Finance Track
1.4 Organisation of the Book
Annexure: Documents used
References
2 Organisation of the G20 Finance Track
2.1 The G20 Leaders and Finance Track Themes
2.2 Understanding the Organisational Features (Working Groups, IOs, etc.) of the Finance Track
2.3 Finance Track Working Groups
2.3.1 Framework Working Group
2.3.2 Global Partnership for Financial Inclusion
2.3.3 International Financial Architecture (IFA) Working Group
2.3.4 Infrastructure and Investment Working Group
2.3.5 Green Finance Study Group (GFSG)
Annexure 1
Annexure 2: The G20 and International Organisations (IOs)
Annexure 3: GPFI and Financial Inclusion Commitments in G20
Annexure 4
References
3 Political Economy Shapes Strategies of Countries
3.1 2008 Washington DC Summit
3.2 2009 London Summit
3.3 2009 Pittsburgh Summit
3.4 2010 Toronto Summit
3.5 2010 Seoul Summit
3.6 2011 Cannes Summit
3.7 2012 Los Cabos Summit
3.8 2013 St. Petersburg Summit
3.9 2014 Brisbane Summit
3.10 2015 Antalya
3.11 2016 Hangzhou Summit
3.12 2017 Hamburg Summit
3.13 2018 Buenos Aires Summit
3.14 2019 Osaka Summit
Annexure
References
4 Evolution of the Finance Tracks Agendas
4.1 Process of Agenda Setting
4.2 Significance of Multilateral Engagement in G20 Agenda Setting
4.2.1 2008 Washington DC Summit
4.2.2 2009 London Summit
4.2.3 2009 Pittsburgh Summit
4.2.4 2010 Toronto Summit
4.2.5 2010 Seoul Summit
4.2.6 2011 Cannes Summit
4.2.7 2012 Los Cabos Summit
4.2.8 2013 St. Petersburg Summit
4.2.9 2014 Brisbane Summit
4.2.10 2015 Antalya Summit
4.2.11 2016 Hangzhou Summit
4.2.12 2017 Hamburg Summit
4.2.13 2018 Buenos Aires Summit
4.2.14 2019 Osaka Summit
4.3 Scope of the G20 Presidency
4.3.1 Global Economy and Growth Framework
Annexure 1: Agenda in the Various Summits
Annexure 2: Summit Wise Plan
Annexure 3
Annexure 4: Latest G20 Commitments [Communiqué, G20 Leaders, Antalya, November 2015]
Annexure 5: Hangzhou Summit
Annexure 6: Co-Chairs’ Report to G20 Deputies, 3 November 2012
Annexure 7: G20 Action Plan on Terrorist Financing
References
5 Financial Regulation and G20
References
6 International Financial Institutions and International Monetary System Reform
References
7 The Indian Presidency and G20’s Future Agenda
7.1 Crises and the G20
7.2 Global Economy and COVID-19
7.3 Problems in the Global Economy
7.3.1 Debt
7.3.2 Other Issues of Critical Importance
7.4 Roadmap for Furthering Finance Track Work
7.4.1 Italian G20 Presidency
7.4.2 Indonesian G20 Presidency
7.4.3 Themes for the Indian G20 Presidency (2023)
Annexure: G20 Summits
References
