Globalisation and Transformation

The Ebola crisis prooved, that the G20 aims to ensure infectious agents to not cross borders rather than acting in disease prevention. This is why there is a serious concern that public health needs of poorer countries will be ignored.

The G20 Hamburg Summit in July 2017 will be about nothing less than how globalization should be governed in the future. The G20 countries will have to respond to the key question of our times: How should a globalized world economy be coordinated for the benefit of all humanity against the backdrop of economic uncertainty, higher levels of inequality, climate change, refugees and migration?

G20 governments are spending $444 billion every year to support fossil fuel production. These financial flows are limiting the expansion of renewable energies that could curb global warming and meet a variety of sustainable development goals.

What in the world is the Group of Twenty (G20)? We have chosen eight indicators to present the most important economic, social, and environmental data and created seven maps and graphics that present this comparison visually and at a glance.

Heads of state and government of all UN member states negotiated in the most comprehensive consultation process of the UN’s history so far, about the most urgent questions concerning the future. 17 goals of the "Agenda 2030" shall be implemented by 2030.

The Group of 20 (G20) is a “club” of nations with significant influence. There is a significant democratic deficit in the G20 since its decisions and actions are not governed by international law and it is not accountable to representative bodies.

The Group of Seven (G7) and the Group of Twenty (G20) are informal governance clubs, which hold annual Summits of Heads of State and many ministerial meetings to discuss issues of global importance. 

When a government takes on more public debt than it can service, there are serious consequences. Besides cuts in public budgets one country’s over-indebtedness can have spillover effects on regional or even global markets, as we saw in the recent Greek financial crisis.

The endorsement of the Paris Agreement at the Chinese G20 was clearly a step forward for energy sustainability in the face of climate change. Still the indications of how it might be achieved is limited in scope.

Tackling corruption is crucial to the G20’s goal of generating inclusive growth and establishing a cleaner, safer, more sustainable economic framework. The cross-border nature of the problem requires global solutions, ones that the G20 must lead on.