Given rising economic, social, political, environmental, and security risks around the world, this week was a tough time to hold a consensus-oriented global summit of major powers. Did the G20 Hangzhou summit manage to break new ground and significantly advance global governance?
The Chinese presidency of the G20 deployed unprecedented resources to advance a common-good agenda focused on growth, innovation, trade and investment liberalisation, development, climate awareness and inclusion. Yet, only mid-level outcomes could be attained; confidence-enhancing breakthroughs remained out of reach in the current international context. The final communiqué mostly endorses countless proposals from lower level working groups but does …read more
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