The conference addressed the factors that caused the global financial crisis and the consequences, with four keynotes: Roberto Mangabeira Unger (Harvard U), Paul Martin (former Canada PM), Jagdish Bhagwati (Columbia U) calling for pressing ahead with the Doha Round, and Paul Krugman (Princeton U) calling for improved regulation and greater macro-coordination. Elements of a Global New Deal: 1) more transparency and tighter international rules. 2) closer multilateral monitoring of all systemically important countries. 3) reinvigorating the stalled Doha Round as vital to global economic recovery. 4) finding a balance between homogenization of many aspects of the global economy (which has brought fragility) and diversity. 5) recognizing the transition from the G8 to the G20 as the premier forum for international cooperation. (Download free from www.cigionline.org).
|(GLOBAL NEW DEAL * ECONOMIC CRISIS * GLOBAL ECONOMY)