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, ...