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G7 and Global Governance in an Age of Antiglobalization

2017 G7 Pre-summit Academic Conference, 22 May 2017
LUISS Guido Carli University, viale Pola 12, Rome


Co-sponsored by
University of Viterbo; Leuven Centre for Global Governance Studies; LUISS Guido Carli University; and the G7 Research Group
with the support of Oliver Wyman; Assonebb; the Flemish Research Fund; the Munk School of Global Affairs, the Bill Graham Centre for Contemporary International History and the Department of Political Science at the University of Toronto; and the Jackman Foundation

Conference Theme

The decision of British voters to leave the European Union, the election of Donald Trump, and a growing mood of nationalism, populism, nativism and closure in Europe, the United States and Japan raise profound challenges to he openness and international cooperation that have guided the Group of Seven, the European Union and global governance in the recent past. Those challenges directly affect efforts to generate economic growth and employment through macroeconomic policy coordination, global financial regulation, and trade and investment liberalization, to enhance the natural environment and control climate change, to strengthen social responsibility through health, gender equity, well-managed migration and sustainable development, and to promote security in the face of terrorism, cyber warfare and more traditional geopolitical threats. The G7's Taormina Summit on 25-26 May 2017, hosted by Italian prime minister Paolo Gentiloni, will be the first multilateral encounter to address such challenges collectively, with three leaders elected since the last summit: the United States, France and the United Kingdom. This conference, held on the eve of the summit, assesses how the G7 leaders can meet the formidable challenges facing them to make globalization work better for all.


Introduction and Welcome

Giorgio di Giorgio, Arcelli Centre for Monetary and Financial Studies, LUISS Guido Carli University
John Kirton, Director, G7 Research Group, University of Toronto

Morning Session Program

Chair: Rainer S. Masera, G. Marconi University

John Kirton, Ella Kokotsis and Brittaney Warren, G7 Research Group: G7 Governance of Climate Change
Discussant: Giuseppe Calabrò, University of Viterbo "La Tuscia"

Luigi Guiso, Einaudi Institute for Economics and Finance: Demand and Supply of Populism
Discussant: Gian Paolo Ruggiero, Italian Treasury, Ministry of the Economy and Finance

Jan Wouters, Leuven Centre for Global Governance Studies: The Role of the EU in the G7 in the Era of Brexit and Trump
Discussant: Raffaele Marchetti, LUISS School of Government

Chiara Oldani, University of Viterbo "La Tuscia," Assonebb and the G7 Research Group: G7 Public Debt, Derivatives and Growth
Discussant: Paolo Paesani, University of Rome "Tor Vergata"

Roberta De Santis, LUISS Guido Carli University and Italian Treasury, Ministry of the Economy and Finance, and Tatiana Cesaroni, Bank of Italy: Some Stylized Facts on Institutional Quality, Foreign Capital Composition and Growth in G7 Countries
Discussant: Gianfranco A. Vento, University G. Marconi

G7 Compliance Report

Chair: Rocco Ciciretti, University of Rome "Tor Vergata"
Presentation of the G7 Research Group's annual compliance report, monitoring the performance of the G7 members in meeting the commitments they made at the 2016 Ise-Shima Summit.

Round Table on Taormina's Themes

Chair: Mario La Torre, Sapienza University of Rome
Sergio Fabbrini, LUISS School of Government
John Kirton, G7 Research Group (see A G7 Summit of Solid Security Success: Prospects for Togetherness with Trump at Taormina)
Fabrizio Saccomanni, Italian Institute for International Affairs (see A Coordinated Approach to Foster Sustainable Growth and Financial Stability, with Simone Romano)
Federico A. Arcelli, Oliver Wyman
Giuseppe Parigi, Bank of Italy

G7 Research Group LUISS Centro Arcelli per gli Studi Monetari e Finanziari LUISS School of Government Leuven Centre for Global Governance Studies
University of Viterbo "La Tuscia" Oliver Wyman Flemish Research Fund Assonebb

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