... tug-of-war between the BRICS and the G7/G20 over the African Union, a far better outcome is the African Union leading the formation of platforms of regional cooperation in the Global South (within the BEAMS/BRICS+ format) as well as globally (within the G20 framework). This would be a palpable contribution of Africa and the Global South more broadly to a material transformation of global governance in the direction of inclusivity and openness to the developing world. It would also position the AU at the center of the re-assembly of global governance via expanding the possibilities ...
... In effect, the competition in the global economy between the U.S. and China will be a competition between the convergence towards one “exemplary model” vs. a divergence in the models of modernization that could be pursued by the economies of the Global South.
G20 final statement: a mixed bag
On the surface, the G20 declaration adopted in Bali accords substantial attention to some of the pressing issues facing the global economy, such as food and energy security. Another area of focus is climate change, with ...
... no reason why it should exercise exclusive representation of all the regional organizations in the global economy. In fact, the African Union attained crucial advances in regional economic integration in the past several years and can represent the Global South as a regional forum in the G20 just like the EU may be the regional representative of the Global North.
In the longer term, the issue of the inclusivity of the G20 grouping could be addressed by the member developing economies that will chair the G20 in the coming 3 years. In ...
... scope to complement the active ASEAN-EU links with greater engagement of ASEAN countries with the platforms developed by the Global South. In particular, ASEAN could become one of the key pillars in the BRICS+ global platform, it could also play a leading ... ... regional integration arrangements – something that it could pursue on the basis of an R20 (regional 20) format within the G20. Such an R20 platform could bring together the regional integration arrangements where G20 countries are members (including ...
... blocs — in the case of G20 there could be a case for creating a regional R20 composed of the regional integration blocs where G20 countries are members. Similarly, for the BRICS, a BRICS+ format that brings together regional integration arrangements where ... ... are members provides for smaller emerging markets to deliver their contribution to the process of economic integration in the Global South.
Source:
Valdai. Discussion club
... the Nation State or Globalization 3.0?
Third, we could discuss trust between the global North and the global South. Does the global South have any reason to count on generosity and bounty from the global North, though? All this comes against the background ... ... between the North and the South continues to widen rather than narrow.
But the point is not that the interests of individual G20 nations do not completely coincide, while they significantly differ in some areas. Ultimately, there are no two countries ...
