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Democracy --- Twenty-first century --- Forecasting
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On evolution of the world and the human task (towards the year 2000). Issues: culture, communication, art, information, technology, labour, economy, industrialization, work, futurology, nuclear armaments, survival, ecology, militarism.
Twentieth century --- Twenty-first century --- Forecasts --- Forecasts
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Through the provision of both social and economic infrastructure, public investment can serve as an important catalyst for economic growth. A significant body of theoretical and empirical research underscores the positive relationship between investment in high-quality public infrastructure and economy-wide productivity.1 Against the background of a steady decline in public investment as a share of GDP in advanced economies, evidence of infrastructure bottlenecks in emerging economies, and the sluggish global economic recovery, the G-20 has called for ramping up public investment to raise long-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency. Despite anecdotal evidence of projects plagued by time delays, cost overruns, and inadequate maintenance, there are few robust empirical studies of the determinants of public investment efficiency.This paper explores the link between public investment management (PIM) institutions and the efficiency of public investment for the G-20 countries. Based on the analysis from a recent IMF study, the paper finds that better PIM enhances public infrastructure quality, and pinpoints key institutional reforms needs to boost public investment efficiency (IMF 2015). These findings and recommendations are based on a comprehensive data set on investment, infrastructure and capital stocks, and two analytical innovations: (i) a new cross-country Public Investment Efficiency Index (PIE-X); and (ii) a new Public Investment Management Assessment (PIMA) which is applied to G-20 countries.
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This paper responds to the Board's call for a review of the Fund's role in the G-20 Mutual Assessment Process (MAP) after about a year of implementation. The review covers the period from December 2009 to the April 2011 meeting of the G-20 Finance Ministers and Central Bank Governors in Washington. It considers the Fund's inputs against the background of the evolving MAP and discusses expectations for this work going forward. The paper does not review the G-20 MAP itself. The implications of broader G-20 Fund cooperation for the Fund's own surveillance will be discussed in the forthcoming TSR.
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"With a novel focus on the individual members of the G20, this innovative book explores the perspectives and behaviours of those within the global summit, unpacking what they are seeking to achieve, how they go about doing this, and the domestic impact of the G20. Providing insights from the summit, Hugo Dobson comprehensively analyses the G20's development and practices from the perspectives of the nineteen member states and one inter-governmental organisation that have shaped it. Chapters examine members' reactions to the upgrading of the G20 to a summit of leaders in 2008, its development thereafter into the premier forum for international economic cooperation, and the expansion of its agenda beyond macroeconomic issues to a range of global collective action problems. Looking at its future from a country-specific perspective, Dobson concludes that the G20 will continue to engage with stakeholders and evolve in terms of its membership, as seen in the decision at the 2023 Delhi summit to include the African Union, thereby providing a basis for future research on its members' perspectives, positions and behaviours. This multidisciplinary book will be an invigorating read for students of international relations and politics, global governance, sustainable development, climate change and energy transitions, and security and terrorism. Its exclusive insights will also be of use to policymakers and third sector organisations who are stakeholders in the G20 process"--
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Social change --- Social problems --- Sustainable development --- Twenty-first century
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Military planning --- National security --- Twenty-first century --- War --- Forecasting
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