Schlagwort: G20

A more ambitious G20 for a sustainable post-pandemic recovery and transformation

Photo: Stairs leading out of a dark wood into the light, Image by wen8707270 on Pixabay

The COVID-19 pandemic submerged the world for more than a year now, and global infection numbers are still rising. There are huge differences in the ability of governments and societies to cope with the pandemic: while Europe and the Americas remain epicentres of the disease, there are signs that infections are now also picking up across the African continent.

In an interesting turn-of-tide in discussion, the IMF calls for more public expenditure and higher taxation of the wealthy. The IMF states that economic recovery is possible in 2021 but dependent on both, access to vaccines and other medical interventions, and continuous effective policy support. Policy support needs to cushion the effects of the economic contraction, to decarbonize energy systems and economies, and for intensified multilateral cooperation to ensure universal access to vaccines and therapeutics and adequate financial liquidity of highly indebted countries.

G20 Italy 2021 at the crossroad between closure and the revamp of multilateralism

Photo: Panorama RomeMultilateralism reached its low point in 2020 with the crystallization of the confrontation between major global powers, the further rise of nationalism, deglobalisation and trade protectionism that even threatened access to medical products and more recently Covid-19 vaccines in the midst of a pandemic. The latter profoundly affected global health, peoples’ livelihoods, and deteriorated existing systemic problems, from climate change to inequality, and intensified national reflexes as the G20 leaders turned their focus on domestic management of COVID-19. All these factors stood in the way of a successful G20 Riyadh Summit in November 2020 and still dominate the multilateral landscape in 2021.…

The T20 has come a long way – now it needs to take the next step

Photo: Crossroads from above, by rarestohanean on Pixabay

Think tanks have become a noticeable actor in the G20 process. This is a result of the changing nature of the G20 itself, which evolved from a crisis committee into a network focal point. In this process, it has become more inclusive vis-à-vis transnational networks of societal actors such as business, civil-society, women’s organisations, and labour unions. Complex realities need different perspectives – and they also need analysis and research-based recommendations, which is the task of think tanks.

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’.