The G7 Summit on 8 and 9 June 2018 in Charlevoix, Canada, ended in the worst possible outcome. Even an open clash at the negotiation table would have been better than President Trump’s post-summit withdrawal from the joint communique. On his road of destruction of the existing international order, Donald Trump has deprived the G7 of its operating principle: the forging of shared purpose as a basis of joint action among a select group of important countries. This is a bad omen for the upcoming G20 Summit in Buenos Aires, Argentina, at the end of the year.
As editors, we are thrilled to launch the Future of Globalisation blog. It provides a platform for debates on current world economic issues, global power shifts and the roles of formal and informal global governance institutions and relevant networks. These debates, based on solid empirical research, are increasingly important in view of a global system fraught with mounting uncertainties. The blog posts are written by researchers from international renown institutions, amongst them numerous prestigious think tanks from rising powers, and from the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE).
The global economy has been struggling for some time with surplus resources in search of a destination for optimum returns. The German G20 Presidency tried to address this issue with enhanced focus on strengthening cooperation with Africa. What are the policy choices for India? Together with Japan, India is committed to support quality and sustainable development through the Asia Africa Growth Corridor (AAGC). The time to walk the talk is there and the opportunity should be seized.