LSE IGA’s Global Policy Lab (G-POL) aims to harness the world’s combined brainpower to generate fresh thinking and research-based policy solutions to urgent global challenges. Global collaboration and international institutions are under threat from both sides: emerging economies has been questioning their underrepresentation in global decision making for quite some time, but some advanced economies have also started raising questions about the benefits of globalization and its supporting international system.
G-POL joins up emerging and advanced economies in designing and testing innovative, research-based and locally-rooted solutions to their common challenges, drawing on LSE’s Nobel-prize winning faculty, top-tier students as well as IGA’s extensive international network of high-level policymakers.
LSE IGA also contributes to the work of the B20, the private business branch of the G20. Under this year’s G20 Presidency of Argentina, the B20 prepares proposals on about 40 subjects. The preparation of the proposals are the responsibility of eight Thematic Task Forces. Each Task Force is chaired and co-chaired by distinguished business people from Argentina and have an average of 50 contributors from the global business community. Dr Mario I Blejer, Visiting Professor of LSE IGA, co-chairs the task force on "Financing Infrastructure", the largest of the task forces with more than 100 members. A plenary of all the Task Forces took place in Paris on May 21-22 2018 under the auspices of the OECD, where Dr Blejer made a summary of the work in progress covering three areas: (i) the advances in the use of Public Private Partnerships (PPP); (ii) conditions to promote infrastructure into an asset class; and (iii) housing as a form of social infrastructure. The work should be completed by October to be submitted do the G20 summit in Buenos Aires.
LSE IGA also hosted Dr Funes de Rioja, the B20 Chair under the G20 Presidency of Argentina. Dr de Rioja made a presentation on January 29 2018 on "How can the private sector help reform global governance?". Commentary was made by LSE IGA Visiting Professor Dr Mario Blejer and closing remarks by Professor Gareth Jones, Head of LSE LACC.
IGA G-POL Brochure
IGA G-POL Brochure (Chinese)
LSE IGA marked the launch of its Global Policy Lab (G-POL) on May 16. Participants included Professor Raghuram Rajan, Lord Adair Turner, Lord Nicholas Stern, Professor Philippe Aghion, Professor Sergei Guriev, Assistant Professor Keyu Jin, Visiting Professor Mario Blejer, Michael Sohlman and Duncan Clark. Professor Erik Berglof, Director of LSE IGA welcomed and led the event, which showcased two of G-POL’s initiatives: Rethinking Global Finance, and a new growth model – Avoiding the Middle Income Trap, under the newly established Transformation Commission.
Full event programme and photos.
Buenos Aires, March 20, 2018
Our conference considered innovations in global financial governance and how they can be brought about. What have been the key innovations in terms of structures, instruments, processes and incentives? What has worked and what has not, and why? We analyzed the role and governance of international financial institutions (IFIs) as critical sources of policy advice; development finance; global financial safety nets and standard/rule setting. What are the lessons from the two most important global level innovations since the financial crisis: the G20 and the recently established IFIs sponsored by emerging economies?
The event was hosted by the Banco Hipotecario of Argentina and co-organised by the LSE Institute of Global Affairs (IGA) and its constituent Latin American and Caribbean Centre (LACC) and the Reinventing Bretton Woods Committee (RBWC).
Read the event synopsis .
LSE IGA, along with its constituent centre LACC, the Institute for New Economic thinking (INET) and Centro de Investigación y Docencia Económicas (CIDE) organised a major Thought Leaders Event on Fractures in Globalisation & Implications for Emerging Economies on June 19 in Mexico City during the 18th World Congress of the International Economic Association (IEA). World renowned speakers included Nobel Laureate Joseph Stiglitz, LSE's Tim Besley, Erik Berglof and Mario Blejer, Andres Velasco of Columbia University, Kaushik Basu of Cornell University, Anne Krueger of John Hopkins SAIS, Robert Johnson of INET, and Chong-En Bai of Tsinghua University, along with policy makers Guillermo Ortiz, Alicia Barcena, Monica Aspe, Enrique Cardenas, Eva Arceo and Jorge Suarez Velez.
The event covered three main topics: rethinking the global financial system; populism from left and right; and sustainable growth to avoid the "middle income trap". The final session hosted the launch of INET's Global Transformation Commission. More information on the event's official webpage.
Read the full programme.
Ahead of the G20 Leaders' Summit in Hamburg this weekend, LSE IGA is pleased to announce that its Director, Professor Erik Berglof, has been invited to serve on the Secretariat of the newly formed G20 Group of Eminent Persons - of which Professor Nicholas Stern is a member. The Group's mission is to take forward the G20's work on the global financial architecture with special attention to financial stability and capital flows and the structure of multilateral development institutions (including the IMF), and to prepare realistic proposals for enhancing the global architecture and the leadership of the G20.
LSE IGA is proud to support the G20's desire to engage directly with excellent academia both in advanced and major emerging economies, in line with the vision of IGA and its new Global Policy Lab (G-POL) to enhance the research capacity and global policy voice of emerging economies.