Explaining G20 and BRICS Compliance

Ларионова, Marina; Rakhmangulov, Mark; Shelepov, Andrey

doi:10.17323/1996-7845-2016-03-99

Cited by 6 publications

(4 citation statements)

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“…Implementation, the presidency's third priority, also proved attainable at 78% for the summit, which is higher than the average for the G20 across summits, second only to Washington (83%) and Los Cabos (79%). The results confirm the findings from previous studies, that G20 compliance performance is higher on prioritized issues [Larionova et al, 2016]. We will be informed by future research whether the G20 is able to sustain and enhance this performance.…”

Section: Discussionsupporting

confidence: 87%

G20 Priorities and Decisions under Turkey’s 2015 Presidency: Implementation, Inclusiveness and Investment for Strong, Sustainable and Balanced Growth

Владимировна¹,

Ринадович²,

Андреевна³

et al. 2017

IORJ

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Section: Discussionsupporting

confidence: 87%

G20 Priorities and Decisions under Turkey’s 2015 Presidency: Implementation, Inclusiveness and Investment for Strong, Sustainable and Balanced Growth

Владимировна¹,

Ринадович²,

Андреевна³

et al. 2017

IORJ

Self Cite

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“…due to possible spillover effects). This point is crucial, since, as demonstrated in [Larionova, Rakhmangulov, Shelepov, 2016], the presence of self-accountability mechanisms results in a significant increase in effectiveness of G20 efforts.…”

Section: Years Of Considerationmentioning

confidence: 97%

The BRICS Agenda on the Internet Governance

Gurvich¹,

Prilepskiy²

2022

IORJ

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This article studies the work carried out by the Group of 20 (G20) between the global crises of 2008¬–09 and 2020. Active G20 efforts to ensure financial stability and control imbalances helped to mitigate vulnerabilities to crises of the 2008–09 type. Other key achievements included the transition of several G20 members to market-determined exchange rates and the Standard for Automatic Exchange of Financial Account Information as a part of the effort to combat base erosion and profit shifting. However, the G20 proved unprepared for the 2020 crisis, even though G20 leaders had noted the risks linked to infectious diseases in 2015. During the period between the crises, the G20 failed to establish an effective system for analyzing global risks. Indeed, its analysis was mainly adaptive as opposed to forward-looking; no mechanism was formed for controlling policies to manage risks. G20 members’ involvement in the analysis was inadequate, reflecting the consistent pattern of lower incentives for cooperation in the context of comparatively benign global economic conjunctures. Currently, however, the importance of managing global systemic risks is obvious and is reflected in the G20 Action Plan for supporting the global economy through the COVID-19 pandemic. This article presents recommendations for the key elements of this risk management (systematic identification of most probable/destructive vulnerabilities; development of strategies to minimize critical risks and mitigate their possible consequences; monitoring for early warning signs of the most critical vulnerabilities; organizing prompt consultations and adopting swift measures in response to the materialization of globally important risks), including mechanisms for members’ self-accountability and collaboration with international organizations. Management of systemic risks should start with resolving the challenges related to the COVID-19 pandemic: improving public health response systems; promoting structural economic transformations while ensuring prompt return to full employment; and striking the right balance between economic stimulus and macroeconomic stability.

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“…The extent to which work on the Framework in 2017 matched the a forementioned trends, as well as the key results, is studied in the next section. a The importance of the new methodology is underlined by empirical studies, as self-accountability promotes commitment implementation [Larionova, Rakhmangulov, Shelepov, 2016]. The role of IOs in MAP is now changed to analytical support of the new process and development of new versions of sustainability reports.…”

Section: Evolution Of Work On the Framework Agreement In 2009-2016mentioning

confidence: 99%

G20 Framework for Strong, Sustainable, Balanced and Inclusive Growth: German Presidency Outcomes and Recommendations for the Argentinian Presidency

Prilepskiy¹

2018

IORJ

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The Framework for Strong, Sustainable and Balanced Growth was adopted by the Group of 20 (G20) in 2009. It contains a wide range of commitments, including the use of fiscal, monetary and structural policies to support growth of gross domestic product (GDP), ensuring trade and investment openness and reducing global imbalances. The Framework's target areas evolve according to global economic conjunctures and the priorities of the presidency. This article studies the main outcomes of the G20's work in 2017 in the context of this evolution, accounting both for the German presidency's Framework priorities (resilient and inclusive growth) and elements of agendas in recent years (fiscal strategies, growth strategies and the enhanced structural reform agenda-ESRA). The findings indicate that the G20 indeed increased its focus on resilient and inclusive growth after concentrating mostly on growth rates in recent years. This is confirmed by the adoption of resilience principles as well as by an increase in the number of corresponding measures in growth strategies. With respect to previous agendas, G20 members succeeded in reducing fiscal risks, implementing growth strategy commitments and ESRA priorities. Still, estimates by the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) show that the G20 is unlikely to reach its goal of increasing collective GDP by 2% by 2018 through growth strategy measures. Another problem is that international organizations (IOs) do not fully capture the positive effects of G20 commitments on growth and inclusiveness. Overall, to reduce risks of a fall in the G20's credibility, the Argentinian presidency should maintain a focus on resilience and inclusiveness, elaborate a communication strategy for the G20's successes and intensify collaboration with IOs.

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Explaining G20 and BRICS Compliance

Cited by 6 publications

References 1 publication

G20 Priorities and Decisions under Turkey’s 2015 Presidency: Implementation, Inclusiveness and Investment for Strong, Sustainable and Balanced Growth

G20 Priorities and Decisions under Turkey’s 2015 Presidency: Implementation, Inclusiveness and Investment for Strong, Sustainable and Balanced Growth

The BRICS Agenda on the Internet Governance

G20 Framework for Strong, Sustainable, Balanced and Inclusive Growth: German Presidency Outcomes and Recommendations for the Argentinian Presidency

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