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. 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.
The world is struggling to comprehend the implications of Donald Trump’s election as United States President, including the isolationist, protectionist and anti-trade policies he advanced during the campaign. His election, along with the United Kingdom’s approval of the Brexit referendum in June 2016, has shaken the principles which underpin the G20, namely the pursuit of closer international cooperation.
Donald Trump will become President of the USA on 20 January 2017. Even if he only implements part of what he has announced, a political earthquake will be unleashed. This will radically change the conditions the 2030 Agenda and the Paris Climate Agreement. Efforts to organize global cooperation need to be massively expanded: the EU needs to strengthen its international profile, and it needs a 100-day programme outlining its priorities. The German G20 Presidency can help to strengthen climate protection and the 2030 Agenda. These are the foundations upon which the transatlantic partnership as well as dialogue between societies must move forward.
At this point of transition of the G20 presidency from China to Germany, Hannah Wurf speculates on three areas ‘worth watching’ in the build-up to the Hamburg Summit. A narrative on economic resilience and new approaches to migration and global health. Wurf also explores how the German presidency might build upon the legacy of the G20 Hangzhou Summit in pursuing its possible priorities.
In this blog, Alex He from The Centre for International Governance Innovation (CIGI) explores the G20 Hangzhou Summit outcomes, and China’s G20 presidency, for insights into China’s “strategy and perceptions around global economic governance”. He also considers the conditions that are required for the outcomes of the Hangzhou Summit to be successfully adopted and implemented in the coming years.
Germany will take on the G20 Presidency in December 2016. This is a role which involves tremendous opportunities and responsibilities in a difficult global economic and political Situation. A visionary and global outlook is required in order to pave the way for a more secure future. The G20 is an indispensable actor when it comes to the future of global governance as a means of shaping globalisation. The industrialised nations and emerging economies that make up the G20 account for over 80% of global GNP, greenhouse gas emissions and resource consumption.