The election of Joe Biden as US president raises the prospect of a renewed push to find multilateral solutions to global economic problems underpinned by international economic organizations and coordinated by the G7 and G20 in 2021 and beyond. However, the mechanisms of the past won’t simply snap back into place. The extent of common ground needs to be established, trust needs to be rebuilt and technical solutions to problems found.
Under a new project launched earlier this year, Chatham House’s Global Economy and Finance programme has published a series of briefing papers by independent economic policy experts. Each paper addresses a specific problem made more acute by the COVID-19 pandemic where international economic cooperation can make a significant difference. Taken together, they offer practical ideas to help re-engage the mechanisms for international economic cooperation and build towards a more ambitious and systematic reform of global economic cooperation and governance.
With the 2021 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) and related ancillary events taking place from 5-11 April 2021, the authors of the briefing papers and other leading international experts discuss the future of international economic cooperation at this event.
In the first part of this event, the authors of the papers make short presentations on their key ideas followed by a panel session chaired by Robin Niblett.
Issues discussed include:
In the light of Joe Biden’s renewed commitment to multilateralism, what are the remaining key challenges to international economic cooperation today?
What specific issues should be given priority by international economic policymakers and how should they be addressed?
What is the future role of the G7 and G20 as well as the organizations that make up the international economic architecture?
Given the limited success of numerous efforts to reform the system in the past, how can it realistically be improved?
Find our more about the project, the authors and all of the papers published so far at Rebuilding International Economic Cooperation.