Daniel Halliday
Jun 28 · Last update 10 days ago.
Can the G20 summit break the economic standoff between the US and China?
Since 1999 the Group of Twenty or G20 international forum has been held between governments and central banks of some of the largest economies in the world. The Purpose of the event is to promote international financial stability, however in the current climate of the US-China trade war this may prove a difficult feat. Is the G20 summit an effective means for addressing such issues, and can this forum help overcome the economic standoff between the United States and China?
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Not inclusive enough to achieve meaningful change
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No, just an overstated photo-op
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Yes, a chance for dialogue
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Not inclusive enough to achieve meaningful change

Such a big trade war between two of the largest economies in the world (the United States and China) would need to be solved multilaterally, something that is unlikely to happen in such an underrepresented worldwide forum. The G20 has been criticised by many based around various issues surrounding its membership, the drawbacks of its exclusivity, and how that undermines other international organisations. In this way it is becoming an effort for the world’s biggest economies to come together and make major decisions that affect the whole world without the presence of any of these world voices.

spiegel.de/international/europe/norway-takes-aim-at-g-20-one-of-the-greatest-setbacks-since-world-war-ii-a-702104.html

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No, just an overstated photo-op

The important international issues are not being discussed while the countries are using this forum as an excuse to treat the event like a photo publicity shoot and publicly strengthen bonds while ignoring past unresolved issues. The G20 remains an organisation that despite powerful membership has no formal charter and therefore lacks any formal ability to enforce rules or decisions, likewise the G20 have been criticised for its lack of transparency and accountability. With no ability to enforce anything discussed at the summit, whether agreements are carried out makes the G20 little more than a good will gesture, so in that way the G20 is more of a publicity stunt than a viable diplomatic solution to anything.

web.archive.org/web/20110101160819/http://www.inwent.org/ez/articles/190338/index.en.shtml

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Yes, a chance for dialogue

The G20 summit gives world leaders the opportunity to carry out diplomatic talks on economic cooperation, and Donald Trump and Xi Jinping are expected to meet in private for a personal discussion regarding the trade war, along the sidelines of the current G20 gathering in Osaka Japan. There is immense global pressure on these two politicians to overcome their differences and avoid any further escalation of the trade war, which is thought to be set to reduce gross global GDP by $455 billion by 2020. Much hope is being held out for a positive outcome as Trump has already delayed fresh tariffs on China in return for Xi Jinping’s agreement to hold a meeting with him, and during the worlds most important multilateral economic forum is probably the best time for such cooperative decision-making.

aljazeera.com/ajimpact/christmas-cancelled-chinese-factories-feel-chill-trade-190627144329359.html scmp.com/economy/china-economy/article/3016255/trade-war-us-and-china-agree-tentative-truce-g20-summit

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