Which are the main aims of China's international relations strategy, and how is Xi pursuing them?
The following excerpt is a slightly revised English translation of the Executive Summary of an ISPI in-depth analysis for the Italian Parliament. The complete version of the report is available here (Italian).
The Italian G7 (26–27 May) takes place during momentous times for international politics. Many Heads of State and Government meeting in Taormina are new to the forum, and some of them hold radically different views. On top of that, France and the United Kingdom are in the midst of their national electoral campaigns, while Germany goes to the polls in September. Italy has approached its 2017 Presidency with realistic goals and by keeping a cool head.
The G7 summit, being held today and tomorrow in the splendid setting of Taormina, Sicily, boasts particular significance amidst the growing fragility in global governance.
While the summit of the world's twenty major economies is approaching, the United Nations 2030 Agenda on Sustainable Development (2030 Agenda) is about to turn one year old. Seventeen Sustainable Development Goals (SDGs) and 169 targets set the scene for economic, environmental, and social progress over the next 15 years.
The G20 – comprising 19 countries and the EU, with representatives from the Bretton Woods institutions and established just at the turn of the century - provides a new way forward for transnational governance that works for not only China, but also for 19 other major economies.
Wang Wen, Executive Dean, Chongyang Institute for Financial Studies, Renmin University of China (RDCY).
The G20 forum is a relatively new addition to the global governance architecture. The group has no secretariat or treaty, and instead relies on consensus agreement of its membership of 19 of the world’s largest developed and emerging economies and the European Union. G20 countries ‘sign up’ to commitments voluntarily with some peer review processes. When the G20 cooperates and countries implement policy in tandem, the forum can act as the ‘steering committee’ for the global economy.
This paper provides an overview of EU economic governance reforms in the last two years and places emphasis on the positive steps taken in 2012, as opposed to the growing political resistance emerged by early 2013.
Attention is particularly attached to Italy, which was able to start a credible national plan of structural adjustments, thus earning the right to play a leading role in shaping EU reforms, making them effective and pushing for their implementation.