South Africa seized the G20 presidency At the end of 2024. The world has never been since then More complex, unexpected and dangerous. It is determined to shake the existing order in which the world’s strongest state, the United States is established on the dominance of the United States and the lower nations. Other influential countries take a posture folded.
These evolution increases concerns about the capacity of global cooperation mechanisms to continue its activities based on the decisions adopted by global cooperation mechanisms, especially the consensus. Danny Bradlow G20 and explaining the activities of issues caused by this.
What is the G20 goal?
G20 makes a forum The world’s largest economy regularly meet regularly to meet and discuss international economic and political problems. The group, which brought together both rich and developing countries, is about 67% of the world’s population, 85% of the world and 75% of world trade.
G20 actually abuses language. The real number of G20 participants in a year exceeds 19 states and 2 international organizations The European Union sake African Union Who are regular members. Every year several countries are “invited” to this forum. Some countries such as Spain and the Netherlands are considered “permanent” guests of the G20, the full list of guests, the G20 president for the year in question. Invited South Africa this year It pays 13Including Denmark, Egypt, Finland, Singapore and the United Arab Emirates. Joins them 24 invited international organizationsThe International Monetary Fund, the World Bank and the United Nations, as well as eight African regional organizations, among others.
The G20 is more than a steady process than a number of isolated events. Its culmination is the annual summit of the leaders attending the heads of state and government. These are not compulsory and each of the States Parties will generally implement the majority of the agreed points, But not all.
Press release is the result of two-receponent process: Financial componentThe participating countries consisted of representatives of the Ministry of Finance and Central Banks and A “Sherpa” component deals with more political questions. In general, these two axes will include over 100 sessions, technical leaders and political decisions -Makers.
Most of the work on each axle is carried out by working groups. There are seven working groups related to the financial reading of the global economy and international financial management and related to questions about financing infrastructure. There are 15 working groups from Scherna reading, development and health agriculture, including questions of digital economy and education.
The agenda for working group meetings is based on the summary records prepared by the G20 President. These records will focus on the new priorities of both the previous years and the president.
The presidents of working groups express the results of these meetings to the meeting of the relevant component. Prior to submission of ministerials, they are investigating the assistants who clarify discussions to optimize the difference and gaining consensus.
When the ministers reach agreement, carefully formalized in a written press. If there is no consensus, the chairmanship of the meeting is published Summary of discussions. These documents serve as a basis for writing the last press release from the G20 summit, which reflects the general position of the heads of state and government presidents.
Enriched with the Process Work of the G20 13 engagement groups For example, companies, employees, youth, opposite groups, women and civil society to represent G20 countries. These groups are looking for a vehicle to influence the results of the G20 process.
What is the G20 Troika and how does it work?
G20 has no permanent secretariat. The G20 president is responsible for the organization and chairmanship of more than 100 meetings held during the year. “Troika” consisting of the previous, current and future presidents of the G20 G20 to guarantee a certain sustainability. This year brings together Brazil (former presidency), South Africa (current leadership) and the United States (next header).
The role of the Troja varies at the request of other members for the president’s identity and other members to influence the G2 process
This will be affected by the other two members of the other two members’ level of activity.
Troika helps to ensure a certain sustainability from one year to another one year. This is important because the questions on the agenda have an important postponement on the agenda from one year. Therefore, Troika allows the G20 President to direct him to the questions of more than three per year.
What was the success of the G20 process?
G20 approached “Basic International Economic Cooperation Forum”Without an official organization with a stiff institutional frame.
The G20 was established during the 1990s in the Asian financial crisis. At the same time, finance ministers and the central bank heads were a forum that could meet to discuss the most important international economic and financial issues such as the Asian financial crisis.
The G20 was taken to the forum forum of the heads of state and government during the global financial crisis of 2008.
The G20 tends to work well as a cooperation forum when the world is facing the economic crisis. He was able to organize a collective response to the financial crisis of 2008-2009. On the other hand, his action was more confusing in the face of other difficulties COVID-19 PANDEMS’S PRODUCTIONwhere it is so short.
The external period of the crisis is also less impact, but still played a useful role in certain technical questions as the development of international standards in financial regulation or improving multilateral development banks. In addition, the environment, food safety or more difficulty in making progress in political documents such as financing the UN sustainable development goals.
Another advantage is often not appreciated, the informal interactions permitted among the G20 leaders. Thus, they know each other better and understand each other better, which helps to promote cooperation between the countries of the common interest. These are connected to these officials, in other countries that can help reduce the risk of misunderstandings and conflict.
If the G20 disappears, these mechanisms of dialogue and coordination will be lost without a real existing alternative. Although it is as effective as a country as influential, the G20 will remain a unified framework where the main economic forces can continue consulting in global problems. It is important to prevent conflicts to protect this area of ​​discussion in such a complex world and strengthen international cooperation.
Danny Bradlow works as a chief adviser in Pretoria University of the South African International Affairs of the International Affairs. He is also an employee of the T20 Working Group on financing sustainable development.
