global economy Archive

The dialogue on Global Economic Governance, in bringing together voices from government, corporate governance, and business, helped to articulate a more integrated and coherent vision for future relations between government and business in the context of a world economy in urgent need of sustained recovery and growth. As globalization ties the world’s economies ever more closely together, a global economic governance structure has become even more necessary in order to support the commitments to free trade and free markets made by world leaders at summits such as the G-20 and APEC. Coming on the heels of a drastic financial meltdown in the world’s most developed economies and its pervasive impact on the real global economy in the form of rising unemployment, the APEC dialogue with Hong Kong Chief Executive Donald Tsang, former Pakistan Prime Minister Shaukat Aziz, Korean Investment Corporation Chairman Dr. Yoon-Dae Euh, corporate governance expert Carol Hansell, and Chevron Executive Vice President George Kirkland focused on the mutual expectations held by government and business for the type of leadership needed to generate sustainable recovery and growth, and the optimal framework for private-public partnership in overcoming challenges such as climate change and poverty reduction.

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