It should play a bigger role in global economic governance.
The G20 summit was born in the wake of the 2008 global financial crisis. A platform for dialogue between major economies on an equal footing, and a reflection of the spirit of multilateralism and solidarity, it played a crucial role in bolstering post-crisis global recovery.
Since then, the G20 has held 18 summits, covering an increasingly broad range of topics, including macroeconomic policy coordination, reform of the international financial system, development, trade and investment, energy, climate change, and digital economy.
However, as time passes, a lack of progress emerges in some key areas of G20 cooperation, such as the reform of international financial institutions, which prompts people to question the efficiency of G20 coordination and the delivery of its outcomes. Some start to ask: do we still need the G20?
Diese Geschichte stammt aus der November 28, 2024-Ausgabe von The Statesman.
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