Kategorie: Future of Globalisation

The G7 Summit in Biarritz: Finding agreement amid discord

Foto: Bridge in Biarritz

It is a common practice today to speak about the demise of the liberal world order. Threats to multilateralism, free trade and democratic values seem to arise from everywhere; both through a growing assertiveness of authoritarian regimes, but also from within liberal democracies.

Is the G20 more Effective in Crisis times?

Many observers have expressed frustration with the G20’s growing ineffectiveness after its stellar role in averting a global financial meltdown and deep recession following the 2008 crisis. Its subsequent performance has never quite matched up to that as the body traversed from crisis to recovery mode. Consensus and cooperation has eluded it more often than not since, in part because of shift in focus to more complex, underlying economic issues.

The G20 Osaka Legacy, from Global Summitry to the Korean DMZ

Picture of a Bridge and pagode in Osaka

The Group of Twenty (G20) Osaka Summit was relatively successfully, with progress on important policy issues, despite the awkward compromises on climate and trade. It might be remembered for its striking similarities with the preceding Buenos Aires G20 Summit. The unusually short, seven-month gap between the two summits left the core agenda largely unchanged, partly reflecting the broad continuities in world politics.

G20 Summit in Osaka – The Drought Years of International Cooperation

Photo: Bridge in Osaka at nightThe G20 has been mired in an ongoing crisis for years. After the G20, newly formed ten years ago at the level of heads of state and government, initially overcame the economic and financial crisis more or less successfully, the question quickly arose as to its role beyond reacting to crisis. Instead of taking on a proactive role as a strategic steering committee for the global economy, driving reforms and ensuring the provision of global public goods (such as climate protection and free trade), the G20 proceeded to jump from one issue to the next. The fact that its presidency changes every year has contributed to this ‘issue hopping’.