Both the G7 and the G20 summit platforms arose from responses to economic and financial challenges. As a result, finance ministers have a dominant role in both the discussion and the discourse among leaders of the major economies. The Covid-19 crisis has broadened the agenda of both groups of leading countries, along with urgency of climate change and the imperative of dealing with systemic social inequalities revealed by the pandemic.
G7 leaders gather in Cornwall on June 11-13 for their most important summit since the start in 1975. They will produce a strong success, perhaps the strongest of all time.
Last year brought about new, unforeseen challenges for the global community. The Covid-19 pandemic came as an unexpected “black swan” and put abruptly under discussion our life styles, our working practices, the ways we used to do business. In a nutshell, the whole globalization paradigm, which had reached its peak, was under threat by an invisible and microscopical enemy. Today, as we are finally getting out of the most acute phase of the emergency – at least from the health point of view – we are called to a possibly even daunting challenge: how can we build back our societies better?
The G7 finance ministers and central bank governors communique of 5 June 2021 contains commendable language to ensure a “Transformative effort to tackle climate change and biodiversity loss". The critical commitment “to properly embed climate change and biodiversity loss considerations into economic and financial decision-making” now needs to be comprehensively implemented by G7 Leaders.
After a gap year, the G7 Summit is back. Joe Biden meets the other political leaders in person in the UK. Hot topics abound: from the COVID-19 vaccine distribution to climate change (with the Uk co-chairing with Italy the COP26), from trade to fiscal regulation. Other democracies have been invited to join the club: South Korea, Australia, South Africa, and India (in absentia).
United Nations peace operations promote stability and security in some of the world’s most dangerous and fragile places. Before the COVID-19 pandemic, overstretched UN peacekeepers—civilian, military, and police—were a thin blue line helping to protect civilians, support peace agreements and contain conflicts in hot spots and war zones across the globe.
Si è appena chiuso in Francia il summit G7 di Biarritz. Rispetto alle attese della vigilia, la spaccatura in un G6 +1 (Trump) sembra sia stata evitata.
What awaits the world in 2019? Will Europe fall apart in the year of elections? One decade after the Lehman Brothers bankruptcy shook the world economy, are we on the brink of a new global financial crisis? Are France’s “Yellow vests” protests a sign that the masses are now ready to take to the streets in other countries, too? Will 2019 be a turning point for Artificial Intelligence and its impact on warfare?
Ladies and gentlemen,
My welcome address comes on behalf of Milan’s ISPI. I am honoured to be able to address you all, before we start a very promising T20 summit.
Manca meno di un mese al summit del G20 in Germania e in vista di questo appuntamento il 29 e 30 maggio si è tenuto in Germania il Think 20 (T20), l’incontro annuale di think tank e istituti di ricerca dei paesi del G20. Quest’anno il T20 tedesco (qui il programma) ha visto la presenza di oltre 500 partecipanti, tra cui quattro premi Nobel per l’economia e una nutrita rappresentanza di organizzazioni internazionali che supportano l’attività del G20 (tra gli altri l’Ocse, il Fondo monetario internazionale e la Banca mondiale).
Medium and long–term trends seem to converge at an unprecedented pace: from weak economic growth to demographic decline in mature economies; from growing inequalities to the rise of populism and nationalism, to the changing nature of conflicts. All this will make global governance and cooperation harder, fundamentally altering the global landscape. How, and to what extent, will rising powers challenge the international liberal order? Which is the possible impact within states in terms of tensions between governments and societies?