The other relates to global imbalances: deficit and surplus countries should both take action in a cooperative manner. Again, a core element of any of these proposals is complementarity between sound domestic policies, international cooperation and a robust global financial safety network that accommodates both regional and multilateral actors. Conclusions In short, the multilateral economic cooperation system, despite its limitations, has allowed significant development in many countries over the last few decades. Today, more than ever, its defining principles of cooperation, rules, universality, formality and sovereign equity need to be preserved to enable the various global challenges ahead to be addressed. Notwithstanding this, the new economic, social and geopolitical realities call for a reform of multilateralism. We must work to adapt multilateral institutions to the new realities, eliminating obstacles that hinder collective action, making them more flexible, efficient, representative, transparent and accountable. They also need to become more cooperative and to better complement regional arrangements and institutions. Thank you. 8/8
A £ note may also have had a symbolic meaning to her, as it was the amount she was paid by publishers Crosby and Co. for her first novel, Susan. 2  Just as a £ banknote might have evoked memories for Jane Austen, so does money serve as a collective 3  memory for a country and its people. Our banknotes have cultural as well as economic value. Through the characters on our banknotes, we celebrate the breadth and depth of achievement across the United Kingdom, in fields ranging from literature to the visual arts, science and statecraft. Once she replaces Charles Darwin on the £ banknote this September, Jane Austen will sit alongside Winston Churchill on the new £ Adam Smith on the £ and Boulton and Watt on the £ Around the end of the decade, Smith will be replaced on the £ by JMW Turner. These individuals have advanced British thought, spurred innovation, exerted exceptional leadership, and more generally helped to shape this diverse society and forge our common values. 4  As the “mother of the great tradition of the English novel”, Jane Austen’s place in this august group is assured. Sir Walter Scott’s praise for Austen’s “talent for describing the involvement and feelings and characters of ordinary life which is to me the most wonderful I ever met with” is a sentiment that those reading her work today would recognise and endorse.