Three Scenarios for Global Economic Governance in 2020
The report explores three scenarios for global economic governance in 2020, highlighting potential outcomes and policy questions. It emphasizes trade liberalization, EU consolidation, Chinese consumption, and US restructuring as key factors influencing future global economic interactions.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | Global Governance Futures |
| Publication date: | April 2011 |
| Authors: | Ggf 2020 Working Group, Ggf 2020 Working Group On Global Economic Governance |
| Time horizon: | 2020 |
| Geographic focus: | China, Germany, United_States |
Methods
The research method involved scenario planning, where the working group developed three distinct scenarios for global economic governance in 2020. The process included identifying stages and triggers to explore potential futures and formulating policy questions based on the scenarios.
(Generated with the help of GPT-4)
Key Insights
The report, created by the GGF 2020 Working Group, presents three scenarios for global economic governance in 2020. The scenarios are not predictive but serve to explore potential futures and stimulate policy dialogue. The first scenario envisions a vibrant global economy with normalized balances of payments and sustainable growth. The second scenario describes regional economic blocs interacting in a fragmented marketplace. The third scenario depicts a global economy hindered by political hostilities and market impediments. Key factors influencing these scenarios include trade liberalization, European Union consensus, Chinese domestic consumption, and US economic restructuring. The report emphasizes the importance of these factors in shaping global economic patterns and encourages policymakers to consider both positive and negative outcomes. The scenarios are built around stages and triggers that represent trends and transitional moments, respectively. The report aims to stress-test global economic interaction and generate debate on global governance challenges. It concludes with policy questions derived from the scenario exercise to aid in policy planning.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2020 time horizon | 2020s time horizon | China geographic scope | English publication language | Germany geographic scope | REPORT | • | APRIL | 2011 publication year | United States geographic scope | chinese consumption | economic blocs | economic scenarios | eu consolidation | global governance | policy questions | political hostilities | trade liberalization | us restructuring