G20 largely lacks focus and prioritization, although some of the Summit’s results are positive
Every G20 Summit is certainly an event of major significance to the world economy, if only because it presents an opportunity for the leaders of the world’s largest economies to meet and mend bilateral ties. Aside from these benefits, though, G20 summits are always a welcomed venue to candidly assess the shortcomings of the current economic system and devise joint measures to pre-empt or counter a global...
... 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 fact, in the course of 2023-2025 three BRICS economies will chair ...
... global economy, this process also entails intensifying competition between and polarization of these blocs along the North–South axis. In 2022, this opposition was increasingly noted between BRICS and G7, the leading blocs of the Global South and the Global North. Amid these conditions, it is very important to design mechanisms for interaction and cooperation between platforms representing developed and developing nations—already at the early formative stages of large-scale blocs.
Growing North–South ...
... non-governmental organization committed to preventing and resolving deadly conflict, was held in an online format.
The following issues were addressed during the meeting: the likely consequences of the conflict around Ukraine for relations between the global North and the global South (food and energy security, "double standards" in relation to regional conflicts, issues of cross-border migration, etc.). Andrey Kortunov, RIAC Director General, spoke at the meeting.
... West and the East, with the last ties between NATO and Russia severed and with new anti-Chinese blocs and partnerships established?
Sergei Arteyev:
Re-Sovereignization of 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 when in spite of all the proposals to restructure the debts of low-income countries,...
... new approach to assessing the business and investment climate,” the World Bank
informed
.
The Bretton Woods Institutions’ Original Sin and BRICS
While colonialism seems to be the thing of the past, the sad reality is that inequality between the Global North and the Global South persists. This is happening due to power imbalances inscribed in the world economy and maintained by the developed countries, which claim to have the right and responsibility to set the rules of international trade and ...
... direct investment has been falling for at least seven years and the number of new projects launched in Africa with foreign participation has dropped by nearly two-thirds amid the pandemic.
If you don’t come to Africa, Africa will come to you.
The global North will be unable to fence itself off from the global South, and the rapidly growing but poorly developing Africa will inevitably make its presence felt through multiplying regional conflicts and rising international terrorism, an exacerbated ...
Despite calls from the United Nations, the Global North does not deem it necessary to change its sanctions policies
March 2021 marks a year since the World Health Organization announced that the spread of the novel coronavirus COVID-19 had turned into a pandemic. Despite the highly negative ...
... religious radicalism, social cataclysms, destructive international conflicts, and civil wars.
The coronavirus pandemic introduces new dimensions to the issue of inequality: rich patients have higher chances of receiving quality COVID-19 treatment, and the Global North is better prepared for the pandemic than the Global South. The long-term economic and social consequences of this upheaval will also differ for individual social, professional, ethnic, and other groups.
What are the roots of inequality in ...
