Although G20 finance ministers in Baden Baden acknowledged the growing challenge of inequality, and the need for more inclusive growth, it is not yet clear what action the G20 leaders might take on the subject at their meeting in Hamburg. As evidence mounts about the risks posed by inequality to both social and economic advancement, this blog considers the merits of a PISA style ranking for inequality that would help processes like the G20 keep track of which policies and countries are succeeding in tackling inequality. The authors also outline specific recommendations for G20 leaders that could enable the G20 members to periodically review and reassess their approaches to redressing inequality.
Access to Financial Services But Without the Skills to Use Them: The Importance of Financial Literacy
At the 2010 G20 summit in Seoul, leaders recognized greater financial inclusion as a core component of global development in both rich and emerging economies, and established the Global Partnership for Financial Inclusion (GPFI). Following the recent GPFI meeting under Germany’s G20 Presidency over May 2-4, Annamaria Lusardi explores some of the costs of financial illiteracy, and makes the case for G20 leaders to expand financial literacy education services.
At the recent G7 energy ministerial in Rome, the Trump administration’s listlessness on climate change prevented attendees from being able to sign off on an endorsement of the Paris climate deal. With the G7 leaders summit in Taormina now only one month away, and the G20 leaders summit in Hamburg only two months after that, it seems Donald Trump is yet to be won over by those in his cabinet who believe it would be a mistake for an American President to attend both summits as the first world leader to cut and run from the Paris Agreement.
Food security in poor rural areas: the twofold challenge of raising agricultural productivity and adapting to climate change
On April 27 2017, representatives from some of the world’s most powerful economies will convene at the G20 international conference on rural development in Berlin. Ahead of this event, we argue that without concerted efforts to help small-scale farmers raise productivity and adapt to climate change the G20 will not come close to attaining its goal of securing global food systems as envisaged in the 2017 G20 Agriculture Ministers’ Declaration.
Advanced economies hold China responsible for global steel overcapacity. Yet, the postwar era has witnessed two steel overcapacity crises. The current debate cannot ignore past lessons.