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Making the Case for Global Economic Governance

Paul Martin, 21st Prime Minister of Canada and Chair of the first G20 meeting of finance ministers in 1999, delivered the opening keynote, “The Birth of the G20 and Prospects for its Future,” kicking off a dynamic day of public presentations and discussions of global economic governance in the lead-up to the G20 Summit.

Springboard for the day’s discussions was the G20 Leaders’ pledge to end what they characterize as an era of “irresponsibility” by adopting policies necessary to “lay the foundation for strong, sustained, and balanced growth,” and—especially  now that the G20 has dropped support for fiscal stimulus—its pledge to “help people cope with the consequences of this crisis.” 

In response to the G20 Leaders’ proclamation that the Group is now the premier forum for international economic cooperation, the Friedrich-Ebert-Stiftung, the Munk School of Global Affairs and the Centre for European, Russian, and Eurasian Studies at the University of Toronto organized this public conference to discuss the G20’s commitments, its legitimacy and its future.

Participants included Paul Martin, Jomo Kwame Sundaram (Assistant Secretary-General for Economic Development, Department of Economic and Social Affairs, United Nations), Don Newman (long-time Senior Parliamentary Editor for CBC News and host of CBC Newsworld's daily program Politics), Tony Martin (Canadian MP), Elsie Mmathulare Coleman (South African MP and Chairperson of the Parliamentary Committee on Economic Development), Madelaine Drohan (Canadian correspondent for The Economist), Trade Union Representatives from South Africa (COSATU), the Canadian Labour Congress, the AFL-CIO, the Korean Confederation of Trade Unions and the Brazilian Inter-Union Department of Statistics and Socioeconomic Studies, Chrystia Freeland (Thompson Reuters), Pierre Habbard (Senior Policy Advisor, Trade Union Advisory Committee to the OECD [TUAC]), Inge Kaul (Leading Group on Innovative Financing for Development), Michael Clark (Senior Interregional Advisor, United Nations Conference on Trade and Development, [UNCTAD]) and Roy Culpeper (The North-South Institute).

Co-organized by theFriedrich Ebert Stiftung, the Munk School of Global Affairs  and the Centre for European, Russian and Eurasian Studies (CERES) at the University of Toronto. Organizers invite the broadest possible participation from governments, academia, think tanks, trade unions and civil society in this day or round-table discussions in the leadup to the G20 Summit.



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Time, Location, Advisories

Date: Tuesday, June 23, 2010, 9am – 5pm

Location: Park Hyatt Toronto, 4 Avenue Road, Queens Park South Conference Room, Toronto

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Conference Inputs

"The Spirit of Bretton Woods and Global Governance Reform"

Lunchtime Keynote by Jomo Kwame Sundaram.

Powerpoint presentation accompanying lunchtime keynote address.


"Canadian Perspectives on Global Economic Governance and the G20"

FES New York, International Policy Analysis, June 2010

On the occasion of the fourth G20 Summit in Toronto, June 2010, this volume brings together progressive perspectives from Canadian academia, policy circles, advocacy organizations, media and parliament.  The collected essays pose timely and important questions about the G20's commitments, its legitimacy, and its future.


"The G20: A Global Economic Government in the Making?"

FES Berlin, International Policy Analysis, June 2010

This publication asks whether the G20 has staying power and legitimacy as the new world economic governance forum.  Linking an important new policy paper by Andrew Cooper and Eric Helleiner, of the Center for International Governance Innovation, with fact sheets on individual G20 countries written by experts in each of those countries, the volume offers recommendations for a meaningful continued crisis response, for a more fundamental and long-term reform of the world economic order, and towards improving the legitimacy and the performance of the G20 as a global economic governance body.


Contribution by Klaus Barthel, MP, German Bundestag; Deputy Spokesperson on Economic Policy of the Social Democratic Party Parliamentary Group

From Panel 1: The Role of Parliaments in Global Economic Governance

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Sara Burke, Economic Policy Analyst
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Tel.: 212-687-0208