China and the G20
By Peter Drysdale, Emeritus Professor of Economics in the Crawford School of Public Policy at The Australian National University
Friday 9th September
Firth Court, Lecture Theatre F02
This is a public lecture and everyone is welcome
This public lecture will take place following the September G20 Summit in Hangzhou, China.
The Hangzhou summit was held at a critical turning point in the world economy: with the uncertainties around Brexit; the retreat from globalisation; and the threat to industrial country recovery. These are challenges as big as the global financial crisis: the G20 has to develop a shared strategic response to them. To be judged successful in the long term, Hangzhou had to lay the foundations for dealing with all of that. There are three key issues: 1) the ability to progress the G20 growth agenda (that’s all about what in China you call supply-side reform); 2) the ability to achieve something ambitious on trade and investment (that’s about reforming the system and building a system we do not yet have to secure investment openness) and 3) the ability to deliver tangible actions to strengthen the global financial system against crisis. To understand this agenda and judge whether the Hangzhou summit measured up, we need to be clear about the fundamental purpose of the G20.
Peter Drysdale is Emeritus Professor of Economics in the Crawford School of Public Policy at The Australian National University. He is widely acknowledged as the intellectual architect of APEC. He was founding head of the Australia-Japan Research Centre. He is the author of a large number of books and papers on international trade and economic policy in East Asia and the Pacific, including his prizewinning book, International Economic Pluralism: Economic Policy in East Asia and the Pacific. He is recipient of the Asia Pacific Prize, the Weary Dunlop Award, the Japanese Order of the Rising Sun with Gold Rays and Neck Ribbon, the Australian Centenary Medal, the Japan Foundation Prize, the Asian Cosmopolitan Prize and an Honorary Doctor of Letters, from the Australian National University. He was made an Officer of the Order of Australia in 2016. He is presently Co-Editor of East Asia Forum and Head of the East Asian Bureau of Economic Research and the South Asia Bureau of Economic Research. In 2011-12, he served on the Advisory and Cabinet Committee of the Australian Government's White Paper on Australia’s in the Asian Century and is currently the Australian Chair of a major Joint Study of the Australia-China economic relationship.