Commission on Global Economic Transformation (CGET) Announcement

https://www.youtube.com/watch?v=zDAWyAc7NtY

Following the dramatic political shocks to the industrialized world in 2016, worsening global poverty and inequality, and inadequate public and private sector responses to the challenges that continue to plague the world’s economy 10 years after the financial crisis, the Institute for New Economic Thinking (INET) has initiated a Commission on Global Economic Transformation (CGET), with support from the Center for International Governance Innovation (CIGI). The effort will be led by Nobel Prize-winning economists Joseph Stiglitz and Michael Spence. As an independent entity, the Commission on Global Economic Transformation (CGET) is the first commission of its kind, initiated at a critical moment for the global economy. As political and economic populism sweep across the developed world, developing countries are searching for paths to prosperity, and people around the world are struggling with the challenges posed by widening inequality, technological disruption, and climate change. These problems are compounded by the ineffectiveness of current policy tools in many contexts, raising questions about the role of the state, of civil society, and of individuals along with national and international governance frameworks. The CGET’s work—commissioning papers, synthesizing existing research and convening international working sessions in China, India, and other locations—will result in a final report in 2019 summarizing its findings and recommendations. Reflecting the consensus view of the Commissioners, the report will include an examination of problems and emerging crises in the world economy and apply the research findings and conclusions reached at CGET meetings to concrete policy challenges in specific countries and regions of the world. The Commission will strive to ensure its report informs national governments and international organizations about the profound challenges facing us and outline a path forward to inclusive and sustainable global prosperity. To that end, CGET will convene meetings with elected officials and policymakers in countries around the world to share the report’s recommendations. The Commission will tackle issues from macroeconomic balances to rethinking globalization, and from climate change to technology and the future of work. Joining the Commission are some of the world’s leading economists, policy experts and thought leaders. They include: Robert Johnson, President of INET and Former Chief Economist of the U.S. Senate Banking Committee;
Lord Adair Turner, Chairman of INET and former chairman of the UK Financial Services Authority;
Nelson Barbosa, Professor of Economics at the São Paulo School of Economics of the Getulio Vargas Foundation, Adjunct Professor at the Federal University of Rio de Janeiro, and former Brazilian Minister of Finance;
Kaushik Basu, Professor of Economics at Cornell University and former Senior Vice-President and Chief Economist of the World Bank;
Peter Bofinger, Professor of Monetary and International Economics at Würzburg University and a member of the German Council of Economic Experts;
Winnie Byanyima, Oxfam International executive director; former member of the Ugandan Parliament, African Commission and Director of Gender and Development at the United Nations Development Program;
Mohamed El-Erian, Chief Economic Advisor, Allianz, and former chair of U.S. President Obama’s Global Development Council;
Dr Gaël Giraud, Economist and senior researcher at C.N.R.S. (French national center for scientific research); James Manyika, Director of the McKinsey Global Institute;
Rohinton Medhora, President of the Centre for International Governance Innovation (CIGI);
Danny Quah, Professor of Economics at the Lee Kuan Yew School of Public Policy, National University of Singapore;
Dani Rodrik, Professor of International Political Economy at Harvard’s John F. Kennedy School of Government, and President-Elect of the International Economic Association;
Eisuke Sakakibara, Professor of Economics at Keio University and former Japanese Vice Minister of Finance for International Affairs;
Beatrice Weder di Mauro, Distinguished Fellow in Residence at Emerging Markets Institute of INSEAD Singapore, Professor of Economics, Chair of Economic Policy and International Macroeconomics at the University of Mainz, Germany and former member of the German Council of Economic Experts;
Yu Yongding, former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences; former member of the Monetary Policy Committee of the People’s Bank of China.