Journal Article

The G-20 framework for strong, sustainable, and balanced growth: glass half empty or half full?

Creon Butler

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 28, issue 3, pages 469-492
Published in print January 2012 | ISSN: 0266-903X
Published online September 2012 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/grs039
The G-20 framework for strong, sustainable, and balanced growth: glass half empty or half full?

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The G-20 Framework for Strong, Sustainable and Balanced Growth was launched by the G-20 leaders in 2009 to strengthen coordination of national economic policies as the world emerged from the 2008–9 financial crisis. Building on earlier attempts at international economic policy coordination, the Framework has made significant advances in the detailed institutional procedures for policy coordination, including information sharing, analytical tasking, and the development of structured policy discussions to address medium-term issues. Some politically difficult challenges have been overcome using varied techniques, including enabling the system of collaboration to evolve incrementally over time. However, further progress is needed if the Framework is to deliver on the remit set by leaders.

Keywords: G-20; G-20 Framework; international economics; economic policy coordination; F02; F33; F42

Journal Article.  12266 words. 

Subjects: International Economics ; Macroeconomic Aspects of International Trade and Finance ; International Finance

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