Inge Kaul

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…

For the G20 – Let’s return to the original idea

Posted on by

Image: Start and finish line
The G20 need to get back to their routes

When the finance ministers of the G7 countries proposed the G20 in the late 1990s, a good sense of realism prevailed. They recognized that addressing issues of global finance required the political support from—and involvement of—emerging market economies. This view proved prescient in seeking policy responses to the 2007–08 global financial crisis. The leaders of the G20 met at their first summit in Washington D.C. in 2008 to agree on measures to resolve the crisis through dialogues among the “systemically relevant” countries.

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