The ‘China Shock’ : Three Phases of China-enhanced Globalization

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Photo: Factory at night
China’s economy will remain a main global growth driver.

The rising living standards that have come with China’s opening in the 1980s initially lent widespread support to the view of trade as a key engine of economic growth, North and South. For low- and middle-income countries, the rise of China has been shown to be a boon during the 2000s. As a result, the impact of China on both the low- and middle-income countries has grown significantly, while the impact of OECD countries has significantly declined.

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BRICS summit in South Africa: Great power ambitions and/or global responsibilities?

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Image: Flogs of BRICS Members
In a time of toxic nationalisms, the commitment of BRICS leaders is of high value.

From 25 to 27 July, South Africa organised the tenth BRICS summit. The heads of state and government from Brazil, Russia, India, China and the host country convened in Johannesburg against the backdrop of rising insecurity and fragmentation in the global system.

 

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G20 should become more accountable – here’s how

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Image: G20 Demonstration
Accountability to the affected is a crucial question

The future of globalization will decisively depend on the future of international political cooperation. The G20 is one of the most important, but also one of the most criticized fora for the cooperation between the economically most powerful states. It is thus of upmost importance that it becomes more accountable to the public. We argue here that the most feasible and least intrusive step forward with regard to the G20’s accountability would be to take measures to increase its transparency.

 

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BRICS and Africa

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Image: Mandela Square
Opportunity to take actions for positive change

Leaders of five BRICS countries – Brazil, Russia, India, China and South Africa – will meet in Johannesburg, South Africa from 25-27 July for the 10th BRICS Summit, convened under the theme: BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution.

 

 

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Global development finance – Cooperative multilateralism still has a chance

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Global financing: What to expect from next global summitry?
What to expect from next global summitry?

After the G7 summit in Canada it is questioned whether the global summitry, be it G7 or G20, can have any value anymore or whether it should be scrapped altogether, at least as long as cooperative multilateralism is regarded as useless by the largest economic and military power, the US. Is there anything substantial to be expected from the next G20 Summit in Argentina in November this year or from the next G7 summit in France in 2019? Weiterlesen »