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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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After the G7 Summit: When you think it can’t get any worse…

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Photo: Shreddered Pieces of Paper
Ripping apart the final communique

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.

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