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Governance of Globalization

 

In recent years, the CSF has focused on some global issues, with a research effort and initiatives in cooperation with other parties that have produced significant results: the democratisation processes of international organisations (in particular through International Democracy Watch), problems and reform proposals of the international monetary system and tools and resources to achieve global environmental governance.

In 2017 the CSF will focus on three interdependent areas and the role that the EU can play in this respect: the international monetary system and the future of the International Monetary Fund (IMF), international trade and the role of the World Trade Organization (WTO) and the environment and the creation of an international agency in this field, long proposed also by the CSF. All these topics are interwoven with both the topic of democratisation processes, with a push towards embryonal parliamentary decisions on a global scale, and with the topic of inequalities and the costs for the “losers of globalisation”.

As for the international monetary system, Robert Triffin International (RTI) will be our reference partner, with which high profile reports and initiatives have already been carried out, in particular on the more active role of Special Drawing Rights (SDR), which in 2017 will be further developed in many respects. The further strengthening of synergies between the two institutions will facilitate it, in view of the fact that since September 2016 the CSF has been hosting the RTI Secretariat in Turin.

As for international trade, we will focus on support for multilateralism, which finds its expression in the WTO, with respect to trends towards bilateral agreements among continental areas and the “hegemonic” temptations implicit in them. On the other hand, the idea that increased world trade in itself can solve the problem of growth without conflicting with environmental protection is in crisis. This can open the way for forms of global taxation such as the carbon tax, an instrument both for environmental protection and for the funding of initiatives in this respect that Europe could begin to experiment with.

Global environmental governance is an ongoing topical issue and is based on the fundamental Paris Agreement on climate of December 2015. In 2017 the activity could focus on the role the EU can play in view of the establishment of a World Environment Organisation, responsible for defining a medium-term plan for decarbonisation and provided with its own funds, a topic that is already under discussion as to the financing of the UN Green Climate Fund (established in 2010). After the success of the Paris Agreement, it will also be important to evaluate the outcome of the COP22, which will be held in November 2016 in Marrakech.

The CSF will continue to provide a cross-cutting look at the developments of issues such as forms of regional integration and inter-regionalism, also in light of increasing signs of crisis in the European Union as a model for these processes.