International Economic Summits: Are They Worth the Effort?
Mike Callaghan
The G20 process has become a large and expensive exercise. But in an increasingly integrated global economy, the world needs an effective forum to facilitate international economic cooperation. But the G20 has problems. The spirit of cooperation displayed during the height of the crisis has waned as the immediacy of the crisis has faded. The Brisbane G20 Summit needs to re-energise the G20. It can do so by producing some headline outcomes, such as demonstrating solid progress towards attaining the forum's growth target, renewed effort to promote multilateral trade liberalization, and a real attempt to modernise international taxation.
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