... inclusive and sustainable
Given its neutrality and mediation capabilities ASEAN could lead the creation of a global platform for regional integration arrangements – something that it could pursue on the basis of an R20 (regional 20) format within the G20, writes Valdai Club Programme Director Yaroslav Lissovolik.
The year 2022 is a special one for ASEAN as a number of its prominent members have taken over the chairmanship in some of the key global and regional organisations. In particular Indonesia ...
Diversity is one of the main sources of G20 legitimacy that G7 or NATO clearly lacks
The G20 Foreign Ministers' Meeting (FMM) is being held in Bali on Thursday and Friday. It is one of the most important events on the way to the G20 summit that the island will host on November 15–16. The ...
... involvement of smaller economies in global economic decision-making and raise the legitimacy of the existing global organizations and networks. These platforms could be created on the basis of existing arrangements and economic 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 BRICS economies are ...
... reigning paradigm was that of prioritising reserve accumulation and macroeconomic stability at the expense of boosting economic growth. This was most clearly observed in 2020, when Russia’s fiscal stimulus proved to be more moderate than in most of the G20 economies. This was replicated in 2021 as well, with further waves of the pandemic eliciting a relatively moderate fiscal response from Russia. Furthermore, in the face of geopolitical and economic headwinds, Russia’s authorities decided to increase ...
... could be a starting point.
When Russian President Vladimir Putin visits India next week, it will be one of just two foreign trips he has made this year, the other one being his June meeting with U.S. President Joe Biden in Geneva. Putin skipped both the G20 and COP26; an expected trip to China was rescheduled due to COVID; yet the Russian leader has decided to travel to New Delhi. This step is hopefully more than mere symbolism in the traditionally warm Russo-Indian relations and not simply a signal ...
What the G20 Summit in Rome has shown the world
Annual meetings of G20 leaders are sometimes compared to UN Security Council meetings. In both cases, the world’s most powerful nations sit together at the same table. In both cases, there is frank discussion ...
... that is capable of exhibiting greater synchronicity in economic policies across countries and regions. Such a governance structure should accord greater weight to regional integration arrangements and their development institutions at the level of key G20 decisions concerning international economic policy coordination.
The need for greater synchronicity in the global economy arises across several trajectories:
· Greater synchronicity in the anti-crisis response across countries and regions – according ...
A platform for cooperation between sovereign wealth funds would encourage the G20 states to strengthen their economic cooperation, bolster mutual interests, improve multilateralism, and develop opportunities for their SWFs
A platform for cooperation between sovereign wealth funds would encourage the G20 states to strengthen their ...
On February 9, 2021, TF8 (Multilateralism and Global Governance) international expert group first working session was held in a remote format in preparation for the next G20 summit
On February 9, 2021, TF8 (Multilateralism and Global Governance) international expert group first working session was held in a remote format in preparation for the next G20 summit.
Fourteen best projects, winners of the competition on preparation ...
The G20 is too small and too exclusive to represent all of humanity, but in order to be an effective crisis manager at the global level, it is too large and heterogeneous
The G20 virtual summit held last week was somewhat reminiscent of the first pages ...
