On 30-31 May 2010, we convened a meeting of experts and policy-makers for an informal working laboratory to discuss a set of proposals coming out of a process known as the Global Redesign Initiative (GRI). A significant number of the proposals received positive feedback from governments and other actors at this meeting – the Global Redesign Summit.
During the Summit we asked participants to answer the question "If you could redesign the world, what would you do?" as part of the Davos Debates in Doha. You can watch a selection of their video replies in the playlist embedded here.
A selection of proposals was identified as especially relevant for the G20 because they correspond to the G20’s international economic cooperation mandate, such as the suggestions by the Global Agenda Council on the International Monetary System for significant strengthening of the global financial safety net, or the notion put forth by the Rethinking Risk Initiative for a new public-private financial risk information repository that would improve the aggregation of systemically relevant data across the international financial system.
The climate-related proposals by the Low-Carbon Prosperity Task Force generated significant interest ahead of the upcoming Cancun COP in December. Some of the ideas include the creation of regional, public-private climate investment funds that leverage large-scale private institutional capital flows into low-carbon energy systems, and establishing international public-private portfolios of up to 25 carbon capture and sequestration projects and 10 large-scale integrated smart grid demonstration projects.
The suggestions for addressing the concerns expressed by many small and medium-sized countries regarding the G20’s future role and positioning in the international system also received positive feedback from a variety of interested parties in this sensitive and growing debate.
Most important of all, quite a number of issue-specific proposals in areas such as nutrition, gender and education, which are a key to achieving the UN MDGs, received sufficient support to advance to a new stage of outreach and implementation discussions.
Editors note: Richard Samans is a Managing Board Director at the World Economic Forum