Indian Council for Research on International Economic Relations

Conferences & Workshops Details


September 17, 2013 (Tuesday) , Jacaranda Hall, India Habitat Centre

18:00-19:00 Chair : Rajat Kathuria, Director and CE, ICRIER 

Inaugural Lecture : Montek Singh Ahluwalia, Deputy Chairman, 
Planning Commission, Government of India

19:00-21:00 Welcome Dinner

Programme September 18, 2013 (Wednesday) , Jacaranda Hall, India Habitat Centre


(Chair and speaker badges will be made available) 

Inaugural Session

9:30-10:30 Chair : Isher Judge Ahluwalia, Chairperson, ICRIER

Keynote Address : P. Chidambaram, Honourable FM of India

10:30-11:00 Chair : Sergey Drobyshevsky, Managing Director of  Russia’s G20 Expert Council

Special Address : HK Holdaway, General Manager, G20 Division, Australian Treasury

Vote of Thanks : Rajat Kathuria, Director and CE, ICRIER

11:00-11:15 Tea/Coffee Break

Session 1: The Global Financial Crisis – Revisiting global governance 

The debate has long raged over when – and whether – the G20 can move from being a crisis committee to being a role model for global governance. The disparate group of member countries in G20 gives the grouping the potential to become a standing world economic governing board. This possibility is remarkable in itself, though whether it will become a reality still remains an open question. Against this background, the session would look at the governance issues like legitimacy of international financial institutions, risk governance issues in major financial institutions during the crisis, the potential merits of setting up a global legal entity identifier and uniformity in global accounting standards. 

Chair: Thomas Richardson, Senior Resident Representative (New Delhi), IMF


  1. Heribert Dieter, Senior Research Associate, The German Institute for International and Security Affairs – Berlin. 
    [Download Paper]

  2. Soumya Kanti Ghosh, Chief Economist, State Bank of India
    [Download Presentation]

  3. Rathin Roy, Director, National Institute of Public Finance and Policy
    [Download Presentation]

  4. Usha Titus, Joint Secretary (MR), Department of Economic Affairs

    Q & A

13:00-14:00 Luncheon Special Address 1- China: Where will growth come from in the next decade?

The outlook of the global economy looks uncertain. The US economy continues to be impacted by substantial fiscal headwinds. The Euro Zone economy is in recession, with the peripheral economies trying to strike an appropriate balance between fiscal austerity, structural reforms and domestic political exigencies. The Asian region is now showing distinct signs of a slowdown. The Luncheon Special Address 1 will revisit global growth outlook prospects with particular reference to Europe and Asia. 

Chair: Amb. Hemant Krishan Singh, Chair Professor, ICRIER

Speaker: Osamu Tanaka, Executive Vice President, Policy Research Institute, Ministry of Finance, Government of Japan
[Download Speech]

14:15-16:00 Session 2: Achieving global food security – How can the G-20 help? 

The issue of global food security remains an enigma. This issue of food security also is a part of the Seoul Development Consensus as well as the current G20 Presidency. Even though a number of developing countries have made rapid strides in strengthening food security, it is estimated that the total number of chronically undernourished people remains unacceptably high. This session will examine the different dimensions of the food security challenge – productivity, nutritional requirements, market forces, and pertinent subsidy, social, and regulatory policy — to home in on the problems the G-20 is in the best position to address. The food price shocks in 2008 constituted that year’s other economic crisis, and similar to the financial meltdown, there are still questions about whether enough has been done to avoid a repeat. How should G-20 leaders build on their initial steps of pledging restraint in export restrictions and setting up the AMIS market data-sharing system? 

Chair: Ashok Gulati, Chairman, Commission for Agricultural Costs & Prices


  1. David Shorr, Programme Officer, Stanley Foundation
  2. Jrg Mayer, Senior Economic Affairs Officer, Division on Globalisation and Development Strategies, UNCTAD
    [Download Presentation]
  3. Reetika Khera, Assistant Professor, Indian Institute of Technology – Delhi
    [Download Presentation]
  4. Simrit Kaur, Professor of Public Policy, Faculty of Management Studies 
    [Download Paper] [Download Presentation]

Q & A

16:00-16:15 Tea/Coffee Break
16:15-18:00 Session 3: The road to energy sustainability – Towards third industrial revolution.

The cost of conventional energy sources is constantly increasing since they are getting depleted with continuous usage. On the contrary, the cost of green sources of energy is declining due to new technological inventions and greater usage leading to economies of scale. This growing difference is, in fact, paving the way for a Third Industrial Revolution (TIR) to set in. The TIR could make possible a new distributed social vision in the 21st century which, at present, is being endangered not just by the rising prices of oil and gas in the world market but also its impact on climate change. The session would look at the possible ways where developing countries could pull the trigger for the TIR that might carry us to a sustainable post-carbon era. Energy sustainability is one of the priority areas of the current G20 Presidency. 

Chair: Jae-ha Park, Deputy Dean for Special Activities, ADBI 


  1. Ramprasad Sengupta, Distinguished Fellow, India Development Foundation 
    [Download Paper] [Download Presentation]
  2. Anil Jain, Adviser-Energy, Planning Commission, Government of India
    [Download Presentation]
  3. Kaushik Deb, BP Group Economics Team
    [Download Presentation]

Q & A

19:30 Dinner

September 19, 2013 (Thursday) , Jacaranda Hall, India Habitat Centre

9:30-11:15 Session 4: Reforming the Global Financial System – Implications for long term investment finance 

A safer and more resilient financial system plays an important role in long term investment finance. As the number of bank failures increased during the crisis, existing banks absorbed their assets and consequently concentrated a greater share of risk among a lesser number of banks. This increasing concentration of assets raised the issue of systemic risk within the financial system. There are 2 primary aspects to issue of systemic risk. First, there is a need to develop a comprehensive macro prudential framework to deal with systemic risk and second, a need to build a suitable model for measuring systemic risk. In order to combat systemic risk a number of regulatory reforms like Basel III, OTC derivatives market, changes affecting the regulatory and accounting framework for institutional investors, policy measures for globally systemically important financial institutions (G-SIFIs) were put in place for the global financial system. Many of these reforms are still in the process of policy development or at an early stage of implementation. In this session we will explore how the reforms alter the incentives of different types of financial institutions to participate in this market. Does regulation impede long term lending for investment? How can non-bank providers of long term finance particularly institutional investors step up their involvement in this market. How does one address the special needs of emerging markets economies? 

Chair: Onno Rhl, Country Director – India, World Bank


  1. HK Holdaway, General Manager, G20 Division, Australian Treasury
    [Download Presentation]
  2. Takuji Kinkyo, Senior Research Fellow, Policy Research Institute, Ministry of Finance, Japan; Professor, Kobe University, Japan
    [Download Presentation]
  3. Alok Sheel, Secretary, Economic Advisory Council to the Prime Minister, Government of India
    [Download Presentation]
  4. Jae-Ha Park, Deputy Dean for Special Activities, ADBI
    [Download Presentation]
  5. Yoshihiro Watanabe, Managing Director, Institute for International Monetary Affairs; Chairman, Standing Committee of Japan India Business Cooperation, Japan Chamber of Commerce and Industry
    [Download Presentation]

Q & A

11:15-11:30 Tea/Coffee Break
11:30-13:15 Session 5: Trade and Protectionism – The emerging role for G20

The recent economic shocks that engulfed developed and developing countries alike to adopt a variety of protectionist measures to boost domestic markets. In the Mexico Summit, G20 leaders pushed for their commitment of not introducing new trade or investment protectionist measures until end of 2014. One important factor underlying the growth of trade and investment is the formation of global production networks and supply chains. The fragmentation of production has dramatically changed the structure of international trade and integrated emerging Asian and African economies in manufacturing networks. This has rendered the traditional trade policy irrelevant and an ineffective. Undoubtedly the world trading system will have to contend with the new reality of global and regional supply chains as it changes how countries interact with each other through trade and FDI. And with Doha in a stalemate, almost all G20 countries, and especially United States and China have begun to pursue regional trade strategies. Some argue that the mega-regional trade agreements – TPP and TPIP – are a warning sign which threaten to divide the global trading system into two large but non-exclusive regions. This session will therefore examine the future of the world trading system in the light if these new developments and if and how the G20 process can ease the transition to a healthier trading system. 

Chair: Pierre Jacquet, President, Global Development Network, New Delhi


  1. Nagesh Kumar, Director, ESCAP
    [Download Presentation]
  2. Charit Tingsabadh, Acting Director, Centre for European Studies, Chulalongkorn University, Thailand
    [Download Presentation]
  3. Prema-chandra Athukorala, Professor of Economics, Arndt Corden Department of Economics, Crawford School of Public Policy, Australian National University
    [Download Presentation]
  4. Maurizio Cellini, Head of Section, Trade and Economic Affairs, Delegation of the European Union to India
  5. Anwarul Hoda, Chair Professor, ICRIER

Q & A

13:15-14.30 Lunch
14:30-16:00 Session 6: Growth and Employment

The reduction of global imbalances has not been sufficient and in many countries the process of necessary deleveraging by the private and public sectors is ongoing and unemployment, in particular remains significantly high. There is increasing level of youth unemployment in developed countries. This session will discuss the possibility of job creation through promotion of smaller enterprises, sound monetary and fiscal policies, skill development, and structural policies fostering innovation in job markets. The issue of employment forms a significant part of the Seoul Development Consensus and is a priority as well for the current G20 Presidency.

Chair: Shankar Acharya, Honorary Professor, ICRIER


  1. Chetan Ghate, Associate Professor, ISI – Delhi
    [Download Presentation]
  2. S R Rao, Secretary, Ministry of Commerce, Government of India
  3. Ambassador Joo Cravinho, Ambassador of the European Union to India
  4. Pronab Sen, Country Director, International Growth Centre 
    [Download Paper]

Q & A

16:00-16:30 Concluding Remarks & Way forward for G20

Vote of Thanks: Rajat Kathuria, Director and CE, ICRIER

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