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G20 game over? Three reasons why the Finance Ministers’ meeting shows the G20’s time may be up

Jesse Griffiths, Maria Romero, Tove Ryding

24 Jul 2018 18:27:54

The G20 Finance Ministers of the world’s largest economies met in Buenos Aires last weekend, but their failure to tackle pressing global problems, including the threat of trade wars and a looming debt crisis, highlighted how ineffective the G20 has become.  Given that the G20 cannot tackle key issues, is promoting ineffective initiatives, and has largely become a rubber stamping body for other actors, the time is ripe to rethink how the global economy is governed, and to promote alternatives.1.    The G20 cannot tackle key issues The 2017 G20 showed how the ‘anti-multilateralism’ approach of the world’s major powers immediately dampened the prospects of new initiatives coming out of the G20, as Eurodad reported at the time. It is no surprise, therefore, ...