Schlagwort: Sven Grimm

After one decade of G20 summitry: What future of global club governance in turbulent times?

Photo: Barb Wire with a Sigen that says "Private: No public right of way. G20 is an exclusive Club

By ASchrumm – CIGI Communications Dept, CC BY-SA 3.0

A decade ago the world was struggling with the repercussions of the global financial crisis in 2007 and 2008 that emerged in the interconnected transatlantic financial system. At this critical moment in time, the G20 was elevated from a meeting of finance ministers and central bank governors to the level of heads of states and government. By including a number of rising as well as middle powers non G7 countries the first G20 summit in Washington in November 2008 made clear that current cross-border challenges cannot anymore be dealt with by the old powers of the traditional establishment. At the subsequent summits in London (April 2009) and Pittsburgh (September 2009) the G20 displayed an astonishing level of international cooperation by agreeing on wide-ranging commitments that helped to calm down international financial markets and strengthen the crisis response of international financial institutions. These early initiatives led some optimistic observers to conclude that the system worked.

Multilateralism without future – or the future of multilateralism?

Photo: Header Picture of the article "Multilateralism without future - or the future of multilateralism?", Puzzle on a table in progress

https://pixabay.com/de/photos/puzzle-legen-sie-sie-spiel-spa%C3%9F-663279/

At the beginning of a new decade, we suggest to look at the longer-term. Let’s consider the world of multilateralism two decade from now, i.e. well beyond the timeline of the 2030 Agenda. The setting in 2040 is likely to differ substantially from today. Things change, and the job of scenario-building is to imagine different futures without merely projecting existing trends or historic examples. Scenario-Building also provides us with ideas about what we need to do to land in the space we see as most preferable.

Rising Powers: Germany needs to deepen its engagement!

Image: Construction site

Engage rising powers

Germany’s cooperation with rising powers is in our own interest – and also a goal in itself: only through cooperation can we create sufficient trust to engage in joint solution-seeking. We are increasingly engaging in a „world of uncertainties“, and thus need partners for problem-solving, both regionally and globally.