The G20 lives on, but mistrust between the West and China hampers progress
The agreement on a leaders’ declaration at New Delhi’s G20 summit was critical. It keeps the group alive as a vehicle for the US, its allies and the major emerging economies – particularly China – to work together on addressing escalating economic and social challenges.
But the G20 still failed to take the kind of urgent, ambitious action required, in large part due to a continuing lack of trust between the US and China.
Agreeing a declaration was necessaryG20 declarations are often long and heavily caveated, leading many commentators to question their purpose and value.
But they do serve an important role in recording what has been agreed, enabling signatories to be held to account, and signalling new policy directions to groups like private sector firms and civil society.… Seguir leyendo »