Contents with tag: economy
IBON together with its partners, Vikas Adhyayan Kendra (VAK), Institute for National and Democratic Studies (INDIES), Africaine de Recherche et de Cooperation pour l'Appui au Developpement Endogene (ARCADE) and the International League of Peoples’ Struggle (ILPS) - Latin America, are pleased to announce the release of the IBON Primer on G-20: Global Economic Governance for Whom?
The structural imbalances in the global economy – inequality between capital-owners and wage-earners, between high finance and the real economy, between developed and developing countries, and the democratic deficit in institutions of global economic governance – constitute systemic failures of the neoliberal development model which the global crisis has exposed. These are precisely the problems that need to be resolved if we are to avoid another downturn, and shift to a truly equitable, just and sustainable development path.
On November 3-4, 2011, the Group of Twenty (G-20) will hold its sixth summit in Cannes, France to once again tackle the problems besetting the world economy amidst the persistence of the global recession that started with the crash of 2008. The G-20 consists of 20 developed and newly-emergent economies that produce about 85 percent of global wealth, and whose collective clout and voice have become an increasingly powerful influence in moulding economic policies at multilateral, regional and country levels.