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Reflections on the G20 Summit
As world leaders gather for the G20 summit in London on Thursday 2 April, members of the Institute of Development Studies explore its legitimacy and potential to effect change.
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Lawrence Haddad: The G20 consensus is new in terms of its scale and coordination but the focus on trade, aid, loans, the IMF etc. makes it sound too much like a deal for the twentieth century.
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Dr Anna Schmidt: The global financial crisis has accelerated a shift away from the G7/8. Is expanding representation at global summits a first step to reform of international economic institution or a smoke-screen for public consumption?
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Professor Sir Richard Jolly: The time is ripe to explore new approaches, in actions and in research about possible actions. Hopefully, the optimists at the G20 and those on the ‘outside’ will press for serious action – realising that it will take much more than a single meeting.
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Professor John Humphrey: The divisions among the old powers should not distract attention from the need to take seriously the agendas of the new.