G20

G20 should become more accountable – here’s how

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Image: G20 Demonstration
Accountability to the affected is a crucial question

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.

 

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Global development finance – Cooperative multilateralism still has a chance

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Global financing: What to expect from next global summitry?
What to expect from next global summitry?

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? Weiterlesen »

Reading recommendation: G20 pushes for Africa Connect

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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.

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From growth to prosperity and well-being: How did G20 leaders deal with labour market issues?

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Image: Art with little people in red
G20 change in how to talk labour

G20 leaders in Hamburg met against the background of high levels of uncertainty and dissatisfaction in their countries’ populations. Growing levels of inequality, the unclear impact of digitalisation, high youth unemployment, bad conditions for workers in global supply chains. These major global challenges were also mirrored in the manifold peaceful demonstrations in which protestors demanded a change in thinking about growth and globalisation. Did the G20 leaders adequately address these worries or did they continue with business-as-usual? Did they address the important questions of the future? 

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Reading recommendation: For the G20 – Let’s return to the original idea

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Image: Start and finish line
Need the G20 to get back to the routes?

At its creation the G20 was meant to facilitate coordination, cooperation and problem-solving among key actors in a specific policy field, which then was global financial stability. The G20 was not meant to be a jack-of-all-trades, offering welcoming words and restating support for long-accepted and previously reconfirmed goals, as most subsequent G20 summits did. The list of unmet global challenges is lengthening and the human, political, environmental and economic costs of global crises are mounting. So wouldn’t this be the time, Inge Kaul, Professor at the Hertie School of Governance, asks, to revert to the original G20 concept as a global forum for announcing concrete measures to resolve—not just chat about—the most pressing global challenge? Please continue reading…