Non solo clima, le ferrovie sono cruciali per la connettività europea e il mercato interno. Con attenzione anche agli investimenti esterni.
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Il G20 italiano ha raggiunto risultati sul contrasto alla pandemia, sul clima, e sulla ripresa globale. Ma molto rimane ancora da fare e il T20 indica la strada da percorrere.
There are growing expectations on the G20 Summit in Rome, which is now at the starting line. The key question is: how to escape the fate of a G20 Summit which is a little more than a “photo opportunity” among world leaders (all the more so as some of them - such as Putin and Xi – are missing)? To begin with, it is worth noting that the Summit is just the tip of the G20 “iceberg”: it is the culmination of a year-long multilateral effort which included 19 thematic working groups as well as 13 Ministerial meetings in 2021.
As the second year of the pandemic grinds on and vaccination rates in parts of the developing world, especially Africa, remain low, impacting on the ability of economies and households to recover strongly, the difficulty of attaining the Sustainable Development Goals by 2030 becomes even more acute. Developing economies have had to deal with an unholy trinity of COVID-19, debt, and the climate crisis with no respite in sight, and with limited resources and instruments at their disposal.
In its final statement for the G20 Finance ministers and central bank governors, the T20 acknowledged that 2021 ‘marks a turn in the rich history of infrastructure investments and financing issues within the G20, in a time of more complex crisis than 2008.’
It looked like 2020 was supposed to be an annus horribilis for international trade. Instead, despite the pandemic, the international trade system withstood the impact, though not without some bruises. Global trade flows contracted by about 5%, much less than during the 2008-9 financial crisis: an overall better performance than what had been estimated during the first wave of Covid-19 which, due to sudden and rigid lockdowns, paralyzed many supply chains.
Economist Jeffrey Sachs plainly stated that the last G7 summit was a waste of resources. He believes the G7 should be discontinued as it is no longer representative nor effective as a policy forum. He noted that G7 countries dropped to 31% of global GDP in 2021 compared to 51% in 1980, whereas Asian developing countries moved from 9% up to 33%.
Nessuna cessione di sovranità in tema di energia. Questo il risultato del Consiglio dei Ministri europei dell’Energia di ieri, dove si sono discusse le misure per far fronte alla crisi energetica e prevenire possibili shock futuri.
It looked like 2020 was going to be a catastrophic year for global trade flows. Actually, despite the heavy impact of Covid-19, the international trade system showed a remarkable degree of resilience. Trade flows shrank by 5% globally, a much better (or less worse) performance than it had been initially expected in view of the substantial paralysis of several global value chains during the first pandemic wave. Nonetheless, Foreign Direct Investments (FDIs) experienced a much more dramatic drop, falling by 40%.
More than ten years after the “Arab Spring”, the turmoil that swept across North Africa has taken many forms. But the Arab uprisings have also brought about a surprising amount of “more of the same”, as the problems that plagued the region have not gone away.