The German Presidency of the Group of Twenty (G20) in 2017 takes place under conditions of uncertainty with regards to the outlook for both the global economy and international policy cooperation. Almost a decade after the Group was launched in its current iteration, G20 economies continue to struggle with the factors that led to the Great Recession of 2007 and losses that resulted from shortcomings in domestic and international governance are still to be recovered.
Growth enhancing policies, domestic resource mobilisation, and strengthening the budget position of governments in low and middle income countries has been a core focus of the G20’s development agenda. However, while the G20 has often focused on the taxation rules involving multi-national companies, here, Magalí Brosio considers whether more efficient and equitable expenditure policies, which individuals often use to lower their overall tax bill, could assist developing countries in strengthening their overall economic growth agendas.
A new interactions framework could be key to effective implementation of the Sustainable Development Goals by G20 governments. In this blog Måns Nilsson and Martin Visbeck explore possible ways of empirically tracking degrees of policy coherence between the 17 SDGs, and propose ideas as to what the G20 might do to promote accountability of member governments in upholding the 2030 agenda.
With Hamburg G20 Summit drawing closer, so too does the handover of the G20 presidency to the 2018 host, Argentina. In this blog, Jorge Argüello, Chair of the Embajada Abierta Foundation and former Ambassador of Argentina to the UN, explores possible areas around which the Latin American members of the G20 (Argentina, Brazil, Mexico) could work together to ensure Latin American perspectives and priorities are elevated and more effectively represented within the G20 process.
Although G20 finance ministers in Baden Baden acknowledged the growing challenge of inequality, and the need for more inclusive growth, it is not yet clear what action the G20 leaders might take on the subject at their meeting in Hamburg. As evidence mounts about the risks posed by inequality to both social and economic advancement, this blog considers the merits of a PISA style ranking for inequality that would help processes like the G20 keep track of which policies and countries are succeeding in tackling inequality. The authors also outline specific recommendations for G20 leaders that could enable the G20 members to periodically review and reassess their approaches to redressing inequality.