The Future of Globalisation
Trade policy headlines are dominated today by the ups and downs of the United States-China relationship, the renegotiation of the North American Free Trade Agreement (NAFTA) and the Brexit process. There is concern on the effects that disintegrating closely linked economic partners could have on growth, jobs, supply chains, and consumers. The perils of a return to unilateralism and power-based mechanisms threaten the relevance of the World Trade Organization (WTO).
In recent years, a growing number of G20 nation states have used various forms of summit diplomacy to enhance engagement with the African continent through regular high-level meetings. These have been operationalised through initiatives such as the Forum on China-Africa Cooperation, India-Africa Forum Summit, Africa-EU Summit, the Korea-Africa Forum, the Turkey-Africa Partnership Summit, the United States-Africa Leaders Summit, and the Tokyo International Conference on African Development.
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.
Blog Series: What remains of the G20 Hamburg Summit?
International migration has effectively entered the G20 agenda only two years ago. When Turkey hosted the Antalya Summit in November 2015, it had also recently become host to several million refugees, mostly from Syria – some of whom were moving on to the Balkans and further to Western Europe. Accordingly, the Antalya Communiqué describes the “ongoing refugee crisis” as a global concern and uses rather specific language in calling for burden-sharing among states and more support for refugees, including through additional humanitarian and development assistance and third-country resettlement.