Photo: Future of Globalisation

The section Future of Globalisation in this blog provides a platform for debates on current world economic issues, global power shifts and views on the roles of formal and informal global governance institutions. It is an initiative of the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE). The blog posts, appearing on every first and third Wednesday each month, are written by researchers from DIE and our international partners, amongst them numerous prestigious think tanks from rising powers. In this blog, the authors of the contributions represent only their personal opinion. While aiming at cutting-edge research content, the blog intends to reach a broader audience of researchers, government officials and journalists. With this blog we carry on discussions that had initially been launched in 2016 as part of the Think20 process during the German G20 presidency. In 2018, we aim at continuing the debate about the role of the G20 broadening the focus of discussion to institutional and thematic matters of global economic governance.

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’.

Future of EU’s trade policy and non-trade objectives

Photo: Harbour with Skyline

Non-trade issues such as labour standards, political and civil rights and environment protection have become important objectives in the design and implementation of the European Union’s (EU) trade policy. Almost two thirds of the EU trade agreements currently in force feature provisions on human rights and about one third of them covers labour issues. About two thirds also mention the environment, like the recent trade agreement with Japan which includes a novel provision on the implementation of the Paris climate agreement.

Investment Facilitation – A New Governance Approach to Promote Foreign Direct Investment for Sustainable Development

Photo by WTO/Flickr (altered) https://www.flickr.com/photos/world_trade_organization/38338987184/in/album-72157690815449785/

In order to reach the Sustainable Development Goals (SDGs), enormous amounts of investments are needed in areas like health, education, infrastructure, and the adaptation to climate change. To harness the advantages of foreign direct investment (FDI), it is critical that governments have policies and regulations in place that do not only help to attract and retain FDI but also enhance its contribution to sustainable development. In this context, discussions about the establishment of an international framework for investment facilitation have intensified in recent years.

Post Katowice COP 24 – need to go beyond “Business as Usual” to accelerate zero-carbon electricity generation

Image Wind Energy SunriseGeopolitical concerns have taken centre stage pushing back concerns about climate change. There is the nuclear threat in the Korean peninsula, the threat of deepening trade wars between the USA and China and threats over digital warfare and fake news of all kinds.