The Asian Bureau of Economic Research, The Australian National University (ABER) co-hosted with the Research Institute of Economy, Trade and Industry, Japan (RIETI) and Institute for International Trade, The University of Adelaide (IIT) the Think 20 (T20) Task Force on Trade, Investment and Globalisation in Canberra at the end of Feburary. This roundtable took place in Canberra and was one of the first think tanks of the Japanese G20 presidency, particpants discussed and examined global trade reform priorities and the role of the G20. Japan takes on the G20 presidency at a crucial time for the global trading system with trade tensions among major economies and protectionism on the rise. The opportunity for WTO reform was opened up in the G20 leaders declaration in Argentina in 2018. The round table is timed to feed into the thinking in the T20 and G20 processes as well as a series of Asian track 2 processes. The roundtable was held under Chatham House Rule and was by invitation only. See our co-host RIETI's summary of the event here.
Ambassador Roberto Azevêdo, Director-General of the World Trade Organization discusses where the WTO should go next. Ambassador Azevêdo will also reflect on how trade issues might play into the G20 process — a timely discussion in the lead up to Australia’s hosting of the G20 Summit in November.
Ambassador Azevêdo is the sixth Director-General of the WTO. In 2008 he was appointed Permanent Representative of Brazil to the WTO and other international economic organisations in Geneva. His appointment as Director-General of the WTO took effect on 1 September 2013 for a four-year term. Ambassador Azevêdo’s expertise is international economics and he has published numerous articles on these issues.
The ANU book with Brookings Institution, The G20 Summit at Five: Time for Strategic Leadership, as well as a similarly-themed East Asia Forum Quarterly, will be launched on the day of the lecture.
This public lecture was presented by the East Asian Bureau of Economic Research at Crawford School of Public Policy, The Australian National University.
The G20 at Five public forum will bring together experts from around the world to examine the history and trajectory of G20 summits over the last five years. The forum will look back on the past five years for trends, themes and forces which capture elements that might help to define the future of the G20 in its effort to provide strategic guidance for the global economy.
The forum will help inform national, regional and global debate on critical policy issues and will be an important input into Australia’s hosting the G20 Summit in 2014.
- Mahendra Siregar Chair, Indonesia Investment Coordinating Board
- Dr Mari Pangestu Minister, Tourism and Creative Economy of Indonesia
- Dr Changyong Rhee Chief Economist, Asian Development Bank
- Dr Paola Subacchi Research Director, International Economics, Chatham House
- Professor Yiping Huang Professor of Economics, China Center for Economic Research, Peking University
- Dr Colin Bradford Nonresident Senior Fellow, Global Economy and Development, Brookings Institution
- Dr Homi Kharas Senior Fellow and Deputy Director, Global Economy and Development, Development Assistance and Governance Initiative, Brookings Institution
- Michael Callaghan AM Director, G20 Studies Centre, Lowy Institute for International Policy
- Professor Ross Garnaut Australian National University and University of Melbourne
The forum will be chaired by Professor Peter Drysdale, Head, East Asian Bureau of Economic Research, Crawford School of Public Policy, and Dr Kemal Dervis, Vice President and Director, Global Economy and Development, Brookings Institution.
Lunch provided after the forum.
This public forum is presented by the East Asian Bureau of Economic Research, and the South Asia Bureau of Economic Research at Crawford School of Public Policy, The Australian National University, and the Brookings Institution.
At the end of 2013, Australia will take up the chair of the G20. This comes at a time when the G20 is criticised for lacking direction, after leading the successful coordination of fiscal policy at the height of the global financial crisis.
On June 12th, the East Asian Bureau of Economic Research and the Brookings Institution held a workshop in Washington on The G20 at Five, to discuss the difficulties facing the now five-year-old G20. The workshop is part of a project between the two organisations that aim to contribute to fashioning a G20 agenda for Australia’s year that revitalises the G20 process by focusing on the major policy coordination problems internationally.
Topics covered on the day included trade and the WTO, macroeconomic policy-making and international macroeconomic imbalances, the development agenda beyond 2015, and the relationship between emerging economies and the G20.
Addressing the challenges identified will require a G20 that “both delivers on substantive problems through the workstreams, and provides strategic leadership through the leaders’ summit,” as observed by Colin Bradford of the Brookings Institution.
One particular challenge that will be worth addressing is the deficit of infrastructure in Asia. Covering the shortfall would be a source of global growth the world badly needs, and would help draw the Asian G20 economies into a more active role in solving international coordination problems.
Peter Drysdale, of EABER, observed that the project is timely and “is a chance to fashion a G20 whose concerns and priorities mirror the changing structure of the international economy.”
The workshop was attended by leading academic thinkers from the Crawford School of Public Policy at the ANU and the Brookings Institution, as well as senior representatives from the IMF and the Commonwealth Treasury, and will be followed by a conference at the Crawford School in November 2013.
The Australia-China Dialogue on the G20 and Regional Initiatives was organised to bring together Chinese and Australian academics and civil servants to exchange ideas on the organisation and operation of the G20 and on the G20’s agenda. Conceived of as a one-and-a-half track event, it was jointly organised by the Shanghai Institutes for International Studies (SIIS) and the East Asian Bureau of Economic Research (EABER) and was attended by a delegation of Australian public servants, led by Australia’s G20 Sherpa and Associate Secretary of the department of Prime Minister and Cabinet, Dr Gordon de Brouwer, and a delegation of Chinese public servants, led by China’s G20 Sherpa and Vice Minister of Foreign Affairs Mr Tiankai Cui. It consisted of a dinner between at which all participants were present, followed by a private roundtable the following day.