The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.
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Rohinton Medhora, President, Centre for International Governance Innovation, Canada, who was in Mumbai recently for the T20 conference hosted by Gateway House, spoke on the ways multilateral institutions can include developing countries’ agendas within their own.
Although China does not want to usurp the United States’ position as the leader of a global order, its actual aim is nearly as consequential. As one Chinese official put it, “Being a great power means you get to do what you want, and no one can say anything about it.” In other words, China is trying to displace, rather than replace, the United States.
The following remarks were given by A. Gitesh Sarma, Secretary, Ministry of External Affairs, Government of India as the Keynote Speaker at the Think20 Mumbai 2019 roundtable discussion on January 28, 2019
Hosting the G20 Presidency in 2022 is a welcome challenge and a fitting aspiration for India. Preparations must begin now, with an immediate upgradation of domestic intellectual, administrative and physical infrastructure
Our Director of Research, Akshay Mathur provides his views on India’s G20 presidency in 2022 in an op-ed for The Indian Express. Read the full article here.
A G20 discussion around fintech is needed because of the emergence of global technology giants as data intermediaries which are expanding into the financial services industry. This is resulting in regulatory risks and challenges. The panel on Fintech at the official Think20 Mumbai Roundtable, organised by Gateway House on 28 January 2019, could not be more timely
The Think20 Inception conference, held in Tokyo on December 4-5, 2018, kicked off the research process for 2019 for the leading think tanks from G20 countries that work on issues of global economic governance. The author participated in the conference as an observer.
'Strategic OFDI’ is outward foreign direct investment made by nations in their strategic interests. China leads the way, but the U.S. has also just announced a new agency for strategic OFDI. It will now gain increasing salience in global foreign policy.
Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.