Trust and Leadership: G20 needs to step up its efforts

Photo: Compass

We need responsive and responsible leaders.

Recent elections in both emerging and developed countries have shown that a growing proportion of our citizenry is discontent with the political establishment, as populist causes have gained support in many parts of the world. Trust in politicians and public institution is eroding. For too long, we have ignored these trends.

The economic consequences of Mr Trump

Image: Balance

Impact on global trade balance

Ninety-two years ago, John Maynard Keynes wrote his famous essay The Economic Consequences of Mr Churchill. Economists today are going through a similar process for Mr Trump. Indeed the critical questions for the G20 this year are what the consequences will be of Mr Trump’s policies for the G20’s macroeconomic agenda, and what can the G20 do to address them.

 

The T20 outlines a vision for an inclusive and cohesive G20 agenda

Photo: First day of the kick-off conference

First day of the kick-off conference

What is the best way forward for the G20 to promote a sustainable and inclusive vision for the world? At the beginning of Germany’s G20 Presidency, the T20 addressed this challenge at its own launch event in Berlin over December 1-2. In a difficult global political and economic setting, discussions focused on how to make the G20 more relevant and responsive to the lives and needs of people.