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 Institute of Development and Sustainability (IDOS). The blog posts, appearing on every first and third Wednesday each month, are written by researchers from IDOS 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.

If you are interested to contribute, get in touch with Axel Berger and Sven Grimm of the German Institute of Development and Sustainability (IDOS) via futureofglobalisation@idos-research.de.

G20 should become more accountable – here’s how

Photo: "Traffic in China"

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.

Global development finance – Cooperative multilateralism still has a chance

Photo: Money

After the G7 summit in Canada it is questioned whether the global summitry, be it G7 or G20, can have any value anymore or whether it should be scrapped altogether, at least as long as cooperative multilateralism is regarded as useless by the largest economic and military power, the US. Is there anything substantial to be expected from the next G20 Summit in Argentina in November this year or from the next G7 summit in France in 2019?…

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

Photo: ShredderThe 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.

Look for water bottle diplomacy in Charlevoix

Photo: La MalbaieIf global leaders are running an iron-man race to achieve their national and collective commitments to the Paris Agreement, the G7 meeting of leaders in Charlevoix will be an uphill section of an already grueling course. Expect G7 leaders to reach for aluminium – not plastic – water bottles to quench their thirst during this difficult stretch of the race. Light aluminium water bottles will be heavy with meaning, as G6 leaders consider if they want to limit their ambition to facilitate a G7 consensus on protecting oceans and reducing plastics pollution, or draw the line – acknowledging that action on climate change cannot wait for the next US presidency – and show leadership by issuing an ambitious G6 leaders’ communiqué on climate change, oceans and clean energy.