cover image: The future of the G20 and its place in global governance

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The future of the G20 and its place in global governance

27 Apr 2011

InSIghTS and ConCluSIonS •. Beyond financial regulation, the G20 has, thus far, struggled in addressing the highly political tasks of resolving the current account, trade and budget The g20, CrISIS reSponSe and STeerIng imbalances conundrum, the roots of which run deep CommITTee into the national economic and political philosophies of the world’s largest economic players, and touch •. The G20 head [...] The main task for the G20, the self-appointed premier forum for international economic cooperation, remains the adoption There is a risk that, if the expected benefits of small-group of financial regulatory reforms to prevent a repeat of the dynamics are too slow to materialize and nationalist worst economic crisis since the Great Depression and to economic instincts prevail, the G20 will become m [...] It is not always clear presides over one of the most widely respected and whether it is the intractability of the problems handled by effective small-country diplomacies in the world, said the UN that causes divisions, or the UN’s divisions that bluntly in the lead-up to the Toronto and Muskoka make the problems intractable. [...] For some others, notably China and India, if the G20 is to prosper, their conceptions of their interests need Third, the disparate cultures, values, governance and to expand to more fully include the well-being and economic philosophies, the dissimilar domestic political effectiveness of the institution itself, which has to be more structures and imperatives, and the unequal levels of than the sum [...] To obtain the maximum benefit peaceful and prosperous world, and the capacity to from the meetings of the G20, the number of people intervene, for example, the effort by Turkey and Brazil to at the table needs to be tightly restricted.
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Authors

Heinbecker, Paul

Pages
20
Published in
Canada

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