The T20 blog is an initiative of the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) and the Kiel Institute for the World Economy (IfW). Both institutes have been encouraged by the German government to organise the T20 process during Germany’s G20 Presidency in 2016 and 2017. The T20 organises the collaboration of global think tanks and high-level experts in order to provide analytical depth to ongoing G20 discussions and produce ideas to help the G20 on delivering concrete and sustainable policy measures. The blog intends to bring an additional dimension to the way the T20 engages with members of our own research network, the broader public, and the German G20 presidency in advance of the 2017 G20 Summit in Hamburg.
The G20 has made tackling corruption a priority in 2017, highlighting in particular the harm caused in impeding the development of the poorest countries, threatening market integrity and distorting open competition. This damage is nowhere more evident than in public procurement. Public money is wasted, infrastructure is built to poor standards, public services are provided inadequately.
Last week in an interview with Reuters, U.S. President Trump labelled the Chinese as “grand champions at manipulation of currency”, indicating he has not fully backtracked from his campaign promise to designate China as a ‘currency manipulator’ on ‘day one’ of his Presidency. The position of Washington on this topic has not exactly been crystal clear, however, with the new U.S. Secretary of the Treasury, Steve Mnuchin, announcing on the same day as Trump’s comment that the Treasury was in fact still going through the formal process of analysing Chinese currency practices, and that no judgements would be made prior to the completion of that process. Read the rest of this entry »
Bringing together more than 400 foreign and security policy elites from the transatlantic community and an irritatingly small number of representatives from the non-Western world, the Munich Security Conference somewhat resembled a couple’s therapy session and an attempt at self-reassurance. Does the West still exist? Do we still need the West? What is the West about? And, finally, a huge question, which world order is it worth fighting for?
On 16-17 February 2017 the foreign ministers of the G20 countries gathered in Bonn, Germany’s United Nations city. This was the second ever meeting of foreign ministers under the G20 umbrella, which brings together 19 of the world’s largest economies, plus the European Union. The discussion among the G20 foreign ministers officially centered around issues of a long-term nature such as the implementation of the 2030 Agenda for Sustainable Development and the Paris climate agreement, crisis prevention and resolution, and opportunities for deepening the G20’s relationship with African economies.
The G20 should play a prominent role in strengthening multilateral institutions. This view was recently echoed at a joint high-level panel discussion between policy-makers and Think20 experts. The panel discussion took place on the occasion of the second ever G20 Foreign Ministers Meeting on 16 February 2017, in the United Nations City of Bonn, Germany.