Defining good jobs While there is no agreed upon definition of a good job, this brief defines the term as work that is safe, paid fairly, reasonably secure and motivating, and leverages the human skills of the worker, thus delivering higher levels […]
There Will Be No Going Back The year 2020 marks a break point in global economic history, with the punctuation mark being the low probability but high impact Black Swan event of the COVID-19 pandemic. Whether the recovery from the deepest downturn […]
2. Supply Chain Management. D. Ciuriak. The COVID-19 pandemic has hit at a period of significant change in global manufacturing and trade, particularly in the emergence of global value chains (GVCs). Over the same period, China has become increasingly central to many […]
Gender must be mainstreamed in all COVID-19 relief and recovery policies. Stakeholders must proactively ensure marketing and distribution of programs are tailored to reach women, as well as men. This includes marginalized learners and professionals, such as people with disabilities and the […]
The Governance Challenge The digital transformation opens up seemingly unbounded scope for market failure, government failure and social dysfunction. Market failure is predicted because the data-driven economy powers the emergence of superstar firms through the combination of economies of scale and scope, […]
Machine Knowledge Capital AI introduces a new factor of production into the economy — machine knowledge capital, which in the first instance will be narrowly intelligent but hyper-competent AI programs. This enables a significant expansion of income-generating knowledge-based assets. The competition to […]
The Spectrum of Policy Responses Supporting and Managing Innovation The first three points above create near ideal conditions for which industrial policy — that is, the strategic use of government intervention in the economy — exists. Governments either actively “pick winners” — […]
Policy Recommendations: Provide enterprise education, including experiential and entrepreneurialapproaches to learning, to equip students with entrepreneurial mindsets and other personal competencies that contribute to society. Introduce gender-sensitive educational policies and programs to bolster women’s participation in technology and innovation and to create inclusive and diverse […]
5G Interoperability and Cybersecurity Standards It should be noted, however, that these estimates are all contingent on two factors related to standardization that are critical for success. The first factor is the ability to achieve interoperability between devices and networks. Although an […]
Creating New Data Value Chains If Canada is serious about becoming a digital economy, it needs to develop a new architecture in order to support systematic data collection and grading, data access and sharing, and data analytics among a wide variety of […]
DSTF This policy brief proposes an alternative to the status quo, the creation of a new institution named the DSTF. It would be similar in structure to the Internet Engineering Task Force. The DSTF would be entrusted with a dual mandate: enabling […]
Policy Recommendations Like Brazil’s internet governance debate, the emerging discussion around data regulation involves an all-encompassing issue, has low levels of public understanding and implicates many powerful interests. Based on these similarities, this policy brief makes the following recommendations and offers some […]
Women’s equality and empowerment is one of the 17 Sustainable Development Goals of the United Nations, which give them a fundamental right to have control over their lives to put forth impact and influence on society. Diverse and inclusive human capital is considered as a key […]
Irrespective of the general agreement that the bioeconomy holds a great promise in terms not only of global environmental benefits, but also in promoting much needed transformation at the national level, through new cycles of innovation and investments, there growing evidence that […]
To address the true cost of food challenge, we propose a leadership role for the G20 in mandating measurement of the true cost of food, coordinating reform of harmful policies, and setting the agenda for the introduction of beneficial policies. Measurement and […]
Proposal 1. Improvements in measurement of sustainable practices in crop production. Increase the productivity and total food availability must be necessarily achieved while taking into account the impact of the production systems on climate change and natural resources sustainability. These purposes require […]
To address these questions productively, we need to think beyond the existing institutional framework. The critical insight is simple: the current obstacles to trustworthy information sharing arise from a fundamental misallocation of digital property rights. In the current digital world, users generally […]
Balancing the need for innovation, competition, and cooperation while mitigating the risks and undesirable consequences attributed to AI poses a daunting challenge for governments. This challenge arises from the dual-use, uncertain, and increasingly all-embracing character of AI-driven digitalization and robotics, as well […]
The objective of the proposal is to have multilateral relationships that are based on more than trade and security aspects. We are a global village, connected by all kinds of travel, trade and communication means, and are interdependent financially, culturally, scientifically and […]
Providing access to affordable, safe and secure digital financial services (DFS) for crisis-affected populations is a global policy priority. Only recently, though, have global discussions on financial inclusion of vulnerable populations begun to address the needs of FDPs as an explicit target […]
Recent G20 communiques, as well as the work of last year’s T20 Task Force on The Future of Work and Education for the Digital Age, have emphasized the need for digital access and skills to bridge the digital skills gap between education […]
We propose “The Recoupling Dashboard”, providing a new theoretical and empirical basis for assessing wellbeing beyond GDP (Lima de Miranda and Snower, 2020). It sheds light on the decoupling process and provides an empirical basis for mobilizing action by government, business and […]
The COVID-19 catastrophe has laid bare key vulnerabilities in today’s hyper-globalized mode of production as well as important gaps in the global governance architecture. The current configuration of economic globalization was designed to maximize efficiency, minimize transaction costs, and reap the benefits […]
According to many commentators, the G20 is best placed to take a leading role in enabling both an immediate and a long-term global response to the COVID-19 pandemic and its economic, social and environmental consequences (see e.g. Brown et al. 2020 and […]
1. Promote the establishment of binding legislation on a national level while ensuring international alignment As a leading forum on issues of international economic cooperation, with members accounting for nearly 80% of international trade globally (10), the G20 is ideally positioned to […]
PILLAR 1: Promoting Data Interoperability on a Global Level In the absence of a universally accepted definition of interoperability as it pertains to data governance, Kerber and Schweizer (2017) broadly characterizes it as “the ability of a system, product or service to […]
1.Democracy, authoritarianism and values Shortly before the confinement from which I write, I was informed that someone I had met had tested positive for coronavirus. The name of the person affected was not given, but as it was likely that physical contact […]
1.Quality Infrastructure investment as a response to COVID-19 crisis The COVID-19 outbreak will bring huge budget deficits and declines in infrastructure investment by governments. Existing infrastructure would be facing with shortage of funds to support of their maintenance. Lack of maintenance will […]
Disease Containment and Economic Disintegration National governments have, understandably but also after considerable delay in some countries, followed the advice of their medical and scientific establishments and have moved to self-isolate their countries and citizens. Two positive readings can be taken from […]
The sole purpose of our economies and polities is to advance the welfare of our societies. To advance societal wellbeing as we grapple with this crisis, we must strengthen the institutions needed for international cooperation, to restore trust, contain conflict, and enable […]
We urge the G20 to develop a comprehensive agenda with a systemic vision on digital money and finance that could guide a resilient financial system through a prudent transition process, keep pace with technology and deliver the long term benefits promised by […]
Background G20 leaders have already endorsed the High-Level Principles on National Strategies for Financial Education in 2012 (G20 2012). However, these principles have been limited to traditional financial education which focuses on the understanding of basic principles of finance such as understanding […]
To make proposals on how the G20 can influence and coordinate the optimization of the coming monetary strategies, we start from Phase 1, the immediate measures required by the shock; we then proceed to synthetically discuss Phase 2, the medium-long term strategy […]
All this information asymmetry between users and data aggregators has sky-rocketed in recent years. The data collection industry is not new. Data brokers like Acxiom and ChoicePoint have been aggregating consumers’ addresses, phone numbers, buying habits and more from offline sources and […]
The 2030 Agenda for Sustainable Development represents a major effort and achievement in international cooperation to achieve sustainable development. Signed by all United Nations member states in 2015, the 2030 Agenda declares 17 Sustainable Development Goals (SDGs), which define universal targets to […]
1. Revamp the upstream policy and institutional foundation to deliver on sustainable infrastructure The policy and institutional underpinnings for delivering on infrastructure projects are complex, encompassing upstream planning and project prioritization, sound frameworks for procurement and public-private partnerships, institutional capacities and governance, […]
1. Outline optimal regulatory principles that would enable banks and Fintechs work together Fintechs, instead of building business models based on existing data repositories, generally start with customer pain points in a nation. Instead of transferring trust from another industry’s customer relations, […]
This proposal is laid out in two major sections: • Section 1 explores the opportunities emerging in the MSME lending landscape and examines the alternative data used and frameworks developed to bridge the MSME financing gap. • Section 2 details the proposed […]
Proposal 1: Promote ‘honest’ CSR Firms can engage in ‘greenwashing’, where a firm masquerades as being environmentally friendly or socially responsible (e.g. using deceptive labelling). Greenwashing helps firms to deflect criticism from Non-Governmental Organisations (NGOs) or other interest groups. Moreover, ‘legal compliance’ […]
How and why MDGs were achieved should be reviewed. As we enter the new era of the SDGs, it is meaningful to understand how and why MDG Targets (or its monitoring indicator) were achieved or not achieved, in order to derive experiences […]
Various solutions can be proposed for more effective implementation of the LBF tool. The first step is a systematic approach and long-term participation Designed solutions from time to time return us to the basic concepts related to investment, taxation and institutional approaches. […]
I would like to propose three issues regarding the people and infrastructure which can contribute to disaster mitigation. 1. ENABLING LAWS We suffered immensely after the Great East Japan Earthquake and Tsunami of 2011. By 10th September 2018, the number of the […]
Proposal 1: G20 member countries should develop policies to incentivize the adoption of circular business models among firms through economic/market based instruments and strategies such as providing easier access to finance and tax incentives to these firms, developing procurement policies that include […]
This policy brief highlights six proposals to mainstream circular economy and society as a driving force towards global sustainability. Proposals 1, 2, and 3 relate to national priority issues, which should be incorporated to policy considerations of circular economy and society. Proposal […]
The quiet buildup of financial “fault lines” leading up to the 2007 crisis was due in part to financial institutions’ and regulators’ growing overconfidence in their ability to manage risks. Financial institutions were confident they had eliminated most of their risks by […]
1. Re-affirm that the IMF is an important pillar of the multilateral system striving for peace, stability, and sustainable development. Financial stability is a necessary underpinning of a world economy seeking to fulfill the SDGs and the IMF can help the multilateral […]
5. What makes a retirement income system? Each country has a different retirement income system. They are best systematised in terms of three pillars (Bateman et al 2001; OECD 2017): see Figure 2. First pillar benefits are unrelated to an individual’s past […]
Any successful policy responses to population aging should be geared to encourage economic growth, higher productivity, and higher income for workers. As such policy proposals to address challenges of macroeconomies and fiscal sustainability arising from population aging are presented in three areas […]
One of the solutions we propose for the above challenges is to enhance people’s financial literacy to help them plan better for retirement. Other solutions include financial incentives that encourage individuals to be better prepared for old age and financial innovations that […]
1. Management of costs associated with ageing The existence of population growth and ageing societies is unavoidable, and it comes at a cost to any economy therefore G20 countries have to develop policies that favour investment in social capital to grow the […]