Building Better Global Economic Governance

Today marks the launch of Columbia’s Center on Global Economic Governance (CGEG), with Alan Krueger, Chairman of President Obama’s Council of Economic Advisers delivering the keynote address at its opening conference.

The concept behind CGEG is to bring together the best minds, from Columbia faculty and from outside, to focus on key issues in global economic governance and develop effective policy approaches.

With developed economies largely stagnant, emerging markets facing their own challenges, and growing intra-national equality the world over, we need now more than ever a new approach to global economic governance that puts people first. The advent of the G20 as the premier forum for global governance widened the circle beyond the traditional G7/G8 configuration, but its initial impetus has dissipated, while issues of legitimacy remain to be addressed.

With Jeffrey Sachs and PEPM’s own Guillermo Calvo on the panel alongside Krueger and others on the panel, I’m really looking forward to the opening conference.

You can watch the livestream here from 9am EST / 2pm GMT.

You can find my own recent thoughts on the evolution of Global Economic Governance here.

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