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Andrei Shelepov1
  • 1 RANEPA, 11 Prechistenskaya naberezhnaya, 119034, Moscow, Russian Federation

Structural Reforms Implementation in G20 Countries. Future Objectives for Cooperation

2012. Vol. 7. No. 3. P. 92–108 [issue contents]

Strong, sustainable and balanced growth of national economies after the global crisis requires implementation of structural reforms by major economies. The article presents the analysis of G20 structural reform commitments dynamics since the Pittsburgh summit and comparison of the OECD structural reforms recommendations with the G20 agenda in this area. The author explores how national economic conditions, primarily the level of economic development and current account balance impact the choice of structural reforms priorities and approaches to their implementation in G20 countries.

The article also provides the analysis of major countries’ national strategic documents on structural reforms. The author concludes that comprehensive normative approach to implementing the reforms does not really affect the level of compliance with relevant G20 commitments and OECD recommendations.

The study on the efficiency of structural reforms implementation in G20 countries draws on OECD and other international institutions data and information from national sources. Developed countries generally perform better than developing ones, and Russia is a top performer among all G20 members. On the basis of the research findings and analysis of the OECD recommendations and G20 commitments on structural reforms the author identified those recommendations that are not included in the G20 structural reform agenda at the moment, and developed a methodology for assessing the likelihood of their further inclusion into the G20 discourse. The methodology enables to make a forecast on the G20 future actions in fostering structural reforms, which are most likely to be focused on strengthening labour markets, market liberalization and tax reforms.

The publication is prepared within the framework of a joint project "Enhancing Effectiveness of Russia’s Participation in G8, G20 and BRICS in Accordance with the Russian Federation National Priorities in Global Governance and Developing Recommendations for the Russian G20 Presidency in 2013" implementing by Russian International Affairs Council (RIAC) and International Organisations Research Institute (IORI) of the National Research University “Higher School of Economics” in 2012.

Citation: Shelepov Andrei Vladimirovich (2012) Realizatsiya strukturnykh reform v stranakh-chlenakh "Gruppy dvadtsati". Novye zadachi kollektivnogo sotrudnichestva. [Structural Reforms Implementation in G20 Countries. Future Objectives for Cooperation] INTERNATIONAL ORGANISATIONS RESEARCH JOURNAL, 3, pp. 92-108 (in Russian)
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