The promotion of digital innovation and inclusive growth in an increasingly digitized global economy have become mainstream concerns within the G20 agenda. In this blog, Marina Larionova traces the evolution of the G20’s involvement in bridging digital and economic growth policies, and proposes a set of priorities for the G20 digital ministers to consider at their upcoming meeting over April 6-7.
Ahead of the G20 Digital Minister’s meeting on April 6, Rajat Kathuria and Smriti Chandrashekar consider some of the ways in which the rapid digitalization of commerce and economics is changing the G20 policy landscape. As the shared economy places more emphasis on access rather than ownership, thereby creating conditions for better resource allocation, the authors highlight key developments that will form the backdrop of next week’s meeting.
One of Germany’s goals under its G20 Presidency is to achieve sustainable economic progress in Africa, particularly through infrastructure investment. A concrete, actionable deliverable could be for the G20 to help support Africa50 – a new Africa-owned and led infrastructure investment initiative – get off the ground.
In this post, Fabrizio Carmignani considers the global macroeconomic context of this year’s G20 meetings. In the face of sluggish GDP growth, and increasingly limited space for further monetary policy manoeuvre, Carmignani outlines potential fiscal policy options for G20 governments to consider individually, and collectively. Read the rest of this entry »
The German presidency of the Group of Twenty (G20) begins on December 1, 2016, in an even more difficult political context than the previous Chinese presidency. Due to the German federal elections scheduled for the second half of 2017, Chancellor Angela Merkel’s government moved forward the Hamburg G20 Summit to July 2017, intensifying the time-constraints on negotiators. Despite the circumstances, the forum should act with more urgency to achieve sustainable and inclusive global economic growth. In what could be a decisive year for the international economy, contributions from other members will be crucial.