looking beyond borders

foreign policy and global economy

Archive for the tag “G20”

The Coronavirus Is The World’s Only Superpower

Watching the Trump carnival from afar, the former Swedish Prime Minister Carl Bildt summed up the week’s events, and those of the many painful weeks to come: “This is the first great crisis of the post-American world,” he wrote on Twitter. “The UN Security Council is nowhere to be seen, G20 is in the hands of the Crown Prince of Saudi Arabia and the White House has trumpeted America First and Everyone Alone for years. Only the virus is globalized.”

Read Here – The New Yorker

G20 Nations Vow To Inject $5 Tn To Fight Covid-19, Global Slump

Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes” to minimize the economic and social impact of the Covid-19 pandemic. In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members committed themselves to restore global growth, maintaining market stability and strengthening resilience. Prime Minister Narendra Modi was among leaders who participated in the video conference.

Read Here – MInt

The Chastened Kingdom

On December 1, Saudi Arabia officially assumed the presidency of the G-20. The task of leading the high-profile economic forum, which rotates annually among member countries, is usually more a matter of form than of substance. But for Saudi Arabia—the group’s only Arab member—the stakes are high.

Read Here – Foreign Affairs

The Anatomy Of The Coming Recession

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option.

Read Here – Project Syndicate

The Global Data War Heats Up

World leaders who gather in Osaka, Japan, for the G20 summit this week will begin a conversation on worldwide data governance—and though they are deeply divided on the question of who should control data, some nations could seek to devise a system that excludes China.

Read Here – The Atlantic

Why Asia-Pacific Nations Don’t Want To Take Sides In The US-China Trade War At The G20

Various countries in the region are under pressure to support Washington or Beijing as their tariff dispute bleeds into bigger issues. But wariness of putting one offside means most will try to wait for the two giants to work through their differences.

Read Here – South China Morning Post

Will Donald Trump And Xi Jinping Rekindle Their ‘Great Chemistry’ At The G20 Summit?

Chinese and American officials may have spent weeks preparing for the high-stakes summit between Xi Jinping and Donald Trump this weekend, but any hopes of resolving the current trade war may ultimately hinge on their personal chemistry. Their encounter in Buenos Aires on the sidelines of the G20 summit will be the first face-to-face meeting between the two leaders in nearly a year – and the first since Trump started the trade war over the summer.

Read Here – South China Morning Post

Summing Up The Trump Summits

US President Donald Trump’s summits with North Korean leader Kim Jong-un in Singapore and Russian President Vladimir Putin in Helsinki are history, as is the G7 summit in Quebec and the NATO summit in Brussels. But already there is talk of another Trump-Putin summit in Washington, DC, sometime later this year. Some 30 years after the end of the Cold War, a four-decade era often punctuated by high-stakes, high-level encounters between American presidents and their Soviet counterparts, summits are back in fashion.

Read Here – cfr.org

Merkel May Be Leading, But Who’s Following?

The German chancellor herself has said she is highly skeptical of the leadership role ascribed to her by international media. Merkel’s view is, in fact, shared by her fellow citizens, whose appetite for global leadership remains limited. Berlin’s de facto dominance in Europe notwithstanding, Germans are as reluctant as ever to embrace a prominent international role.

Read Here – Politico

On India-China Himalayan Face-Off, China May Just Have A Case

All the bluster and threats between India and China these days should not conceal the fact that on the Doklam stand-off China has a case. Yet, the opacity in the position of all three players—India, China and Bhutan— confuses the issue. Certainly, the face-off speaks for the need for an urgent need for all parties to address the issue through negotiations, rather than military means.

Read Here – The Indian Express

Post Navigation

%d bloggers like this: