Much of the criticism levelled at the Group of 20 (G20), the club of the world’s most economically powerful industrialised and emerging economies, is justified. The Hamburg summit will play host to high-level autocrats and, in many ways, its agenda is far removed from the needs and standards of a just, inclusive and sustainable global economy. Policy advisors still hoping for the gathering to deliver in some way are banking on an initiative supported by the EU countries and their civil societies in cooperation with several partners from the global South, an initiative designed to promote sustainability solidarity and participation.
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.
G20 member countries play a crucial role in international organisations by the collective size of their economies and combined political weight, both of which are needed to make the policies of international organisations as coherent as possible to reduce poverty in Least Developed Countries (LDCs).
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?