Capital flight and financial regulation

Letter to Finance Minister Flaherty on securing a new cooperative tax environment for developing countries - November 3, 2009

Tuesday, November 3, 2009

The Honourable James Flaherty
Minister of Finance
Department of Finance
140 O’Connor Street
Ottawa, ON  K1A 0G5

Dear Finance Minister,

Re: Making it easier for developing countries to secure the benefits of a new cooperative tax environment

In the run-up to the G20 Finance Ministers’ meeting in St Andrews, civil society organisations from around the world are writing with regard to the G20 Heads of States’ commitment at the London Summit in April to 'develop proposals by end 2009 to make it easier for developing countries to secure the benefits of a new cooperative tax environment.'

Dr. José Antonio Ocampo

The role of the UN in addressing the crisis - Recommendations from the UN Commission of Experts

Dr. José Antonio Ocampo, Director, Program in Economic and Political Development, School of International and Public Affairs, Columbia University and member of the Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System.

Chuck Freedman

Causes of, and responses to, the global financial crisis
Chuck Freedman, Co-Director, Centre for Monetary and Financial Economics, Carleton University.

Government of Canada: 

Monday Evening - Moderator's Introduction

Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?
Welcome and introduction to the panel.
Moderator: Kari Polanyi Levitt, Emerita Professor of Economics, McGill University

Monthly Issue Update - October 30, 2009

Experts address missing pieces of crisis response ahead of Canadian 2010 G8/G20 meeting
On October 19th and 20th the Halifax Initiative co-hosted a conference with The North-South Institute and the University of Ottawa on “What’s missing in the response to the global financial crisis?” The conference sought to engage the Canadian government in discussions with national and international academics, activists and policy-makers ahead of next year’s G8/G20. The conference touched upon a range of issues related to the causes of the crisis, policy and regulatory remedies, governance of the international financial institutions, tax havens and unfettered private capital flows, an emerging debt crisis, alternatives to the renewal of the Doha trade round, and the respective roles of the United Nations and G20. A policy brief with clear recommendations for the government is forthcoming.

The G8 and G20 Summits of 2010: An Agenda for Global Development - Executive Summary

Executive Summary
2010 will be a decisive year for Canada, and for the world.  The deadline for meeting the world’s Millennium Development Goals (MDGs) is only five years away.   Our decisions on economic reform and climate change will determine the success of world’s efforts to reduce poverty and reverse dangerous global warming for the next generation and beyond.  As host of the next G8 and G20 Summits, Canada can make the difference between relegating these aspirations to a distant hope in an uncertain future and confirming the possibility of achieving these goals in our lifetime.  The consequences of reneging on our promises are unthinkable for the millions around the world looking towards a new model of globalization that is socially responsible, economically sustainable and environmentally just.

Event: Conference on What's missing in the response to the global financial crisis? - October 29-20, 2009

Since September 2008, when the financial crisis took on global dimensions, the Group of Twenty has met three times at the level of Heads of State, and with a seeminly impressive array of commitments on tax issues, emergency finance, trade finance, global governance, regulating private capital, and redefining new roles for existing and new global institutions. But what is missing in their response to the global crisis? Who are the real winners and losers? What has really changed, and what hasn't? And are the levels of change commensurate with the tectonic shifts taking place in the global economy and with the degree of impact on the ground? Perhaps more importantly, are these the type of changes to ensure a crisis like this never happens again?

What: What's missing in the response ot the global financial crisis? 
Rethinking the international financial system during a time of crisis

Who: Organized by the Halifax Initiative Coalition; co-hosted by The North-South Institute and the University of Ottawa.

When: October 19 - 20, 2009.

Why: The conference will look at current responses to the financial crisis, identify where those responses are falling short, and propose some policy alternatives ahead of Canada hosting the Group of Eight Summit in 2010.

IN THIS SECTION

CONFERENCE DETAILS

Monthly Issue Update - September 30, 2009

G8 down, but not out, as G20 makes pledges on crisis
If the big headline for April’s G20 Summit (See IU April 2009) was the $1.2 trillion pledged to tackle the financial crisis, this month’s showcase was the G20 itself, as the 20 countries crowned themselves the premier fora on global finance. Next year’s G8 in Canada will in fact be preceded by a G20 meeting, which Ottawa will co-host with 2010 G20 chair Seoul. Earlier this month, Liberal opposition leader Michael Ignatieff went one step further, suggesting that the G8 not bother meeting any more, and calling for a permanent G20 secretariat in Canada.

The G8 and G20 2010 Summits - An Agenda for Global Development

A Focus on Poverty, Economic Reform and Climate Change
In 2010 Canada will play host to the world.  The Vancouver Olympics and the G8 and G20 Summits in Muskoka and Toronto will draw the attention of millions to Canada, its geography, its values, policies and practices. If 2008 was the year of China, then 2010 can be the year of Canada.  Around the globe, Canadians proudly sport the Canadian flag in traveling as a symbol of Canadian democracy, openness and concern for human rights.  Yet our great international achievements of the past—Canadian contributions to the establishment of international peacekeeping, the Universal Declaration of Human Rights, the Ottawa Treaty to Ban Landmines and the International Criminal Court—are today clouded by concerns about Canada’s current role in climate change negotiations, Afghanistan, reform of the global economy and addressing global poverty.

Pages

Subscribe to RSS - Capital flight and financial regulation