top of page

G20 Summit: Time for Inclusivity and Change



The turbulent financial crises that shook the world economy in the 1990s led to the formation of the G20. Its primary goal was to give the world's top economies a platform to work together on tackling financial instability and promoting economic growth. The G20 has in fact been instrumental in stabilising the world economy amid crises ever since it was founded. But the G20 must adapt as well because of how the world has changed.


The excessive influence held by the G20's wealthier Western members has been one of its main critiques. These countries, which historically have exercised major influence over the group's agenda and decision-making procedures, are the United States, Canada, Germany, and the United Kingdom. Due to this domination, the concerns and interests of developing countries have been marginalised in favour of topics that predominantly affect the Western world, such as banking laws and trade policy.


Since the G20's founding, the globe has changed, with rising economies from the global South taking on a more significant role in international affairs. Countries like China, India, Brazil, and South Africa have established themselves as important economic powers and made enormous contributions to world growth and development. Therefore, it is essential that the G20 adopt a more inclusive strategy in order to reflect this shifting environment.


The G20 must change to reflect these new realities because it cannot stand still. The need for diversity is becoming more urgent, and change is undoubtedly approaching. The decision to have the G20 Summit in New Delhi and grant the African Union permanent membership was a huge step in the right direction. The group's acknowledgement of the significance of the global South was symbolised by these moves. The G20 must take many actions to promote diversity even more:


Instead of the current dominance of Western powers, the G20 decision-making process needs to be reorganised to provide equitable participation of all member countries. The G20 should increase the scope of its agenda to include a wider variety of global challenges, such as the reduction of poverty, climate change, and health crises. This will give poor countries a stronger say in determining international policies.


Inclusion should go beyond elected officials. In order to bring varied viewpoints to the table, the G20 should engage civil society organisations and subject matter experts from many sectors. To enable developing countries to participate more successfully in international negotiations and initiatives, the G20 should provide technical assistance and capacity building for these countries.


The G20 needs to move away from its image of Western dominance and adopt a more inclusive strategy if it is to be effective and relevant in today's world. In order to promote a more just and prosperous world for all, the G20 must change and adapt in order to reflect the many interests and objectives of the international community.


Comments


bottom of page