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In September 2009, the Pittsburgh Summit designated the G-20 as the world’s premier forum for international cooperation. The G-20 gives East Asia a significant presence at the top table of the world economy: six regional economies, including Australia, are members.
About the authors
Mark Thirlwell
One of Australia’s leading commentators on the international economy, Mark has been tracking global economic trends since he joined the Bank of England’s International Divisions in 1990 where he worked as part of the Whitehall Economists Subgroup, coordinating the forecasting of major emerging markets across the Bank, Treasury, the FCO and other stakeholders.
Stephen Grenville
Dr Grenville is a Nonresident Fellow at the Lowy Institute.
Topics
This creates important new opportunities for the region. But making use of these opportunities requires significant increases in policy-making resources and in many Asian economies such resources are in short supply relative to the pressing problems they currently face. In a new Policy Brief, Stephen Grenville and Mark Thirlwell suggest that a caucus of the six East Asian members of the G-20 would provide an opportunity to pool resources for research and the preparation of policy papers on matters of common interest. This could help the region promote an agenda at the G-20 which would not only support regional interests, but would also assist in establishing the G-20’s relevance and keeping leaders engaged.
