The German G20 Presidency and International Cooperation in Uncertain Times

Photo: Coin Stack

A fiscal stimulus for a troubled economy.

The German presidency of the Group of Twenty (G20) begins on December 1, 2016, in an even more difficult political context than the previous Chinese presidency. Due to the German federal elections scheduled for the second half of 2017, Chancellor Angela Merkel’s government moved forward the Hamburg G20 Summit to July 2017, intensifying the time-constraints on negotiators. Despite the circumstances, the forum should act with more urgency to achieve sustainable and inclusive global economic growth. In what could be a decisive year for the international economy, contributions from other members will be crucial. 

How the T20 can assist the G20 in 2017

container yard behind security fence

Trade protectionism on the rise

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.

 

 

Trumps election is a turning point for the world order.

Image: Ruins after earthquake

A political earthquake unleashed?

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.