The G20: In Need of a Reboot
02/02/2013 3 comentarios
If G20 is to live up to its potential, it must confront the forces that could see it slide into irrelevancy. The forum should build on what has worked, and avoid what has not. G20 has achieved a great deal, beyond what is widely acknowledged as its high point at London G20 leaders’ summit, which President Barack Obama described “a turning point in our pursuit of global economic recovery”. Criticism is growing. It is being described as little more than a talk shop. Do we still need the G20? Absolutely. We live in increasingly interconnected world. We need a forum that brings together leaders of the major advanced and emerging economies. But we need more than a talk shop. We need a forum where leaders can deal with some of most pressing challenges confronting the global economy. This is the potential that the G20 offers. But if the G20 is to live up to its potential, it has to confront the forces could see it slide into irrelevancy. The forum has to build on what has worked, and avoid what has not. In this regard there are nine lessons from G20 summits to date (…..) To be effective, G20 must maintain its focus and not lose its inherent strength, which is the engagement of leaders. But Agenda continues to grow each year as rotating chair adds its priorities to what it inherits from previous chairs. There has to be a collective agreement by G20 members that there needs to be a break from the past. There has to be a circuit breaker. The G20 needs to be relaunched. This is a challenge Australia should take up when it chairs the G20 in 2014.