G20

For the countries of Southeast Asia, this year’s rather tumultuous G20 summit held unprecedented opportunities to present themselves as good multilateralists and shape the outcomes of the annual meeting, at least in theory. Apart from Indonesia, the only permanent member of the club, Vietnam, in its function as current Chair of the Asia-Pacific Economic Cooperation (APEC), attended the summit and Filipino President Duterte who currently chairs the Association of Southeast Asian Nations (ASEAN) equally expected an invitation.

Indonesia has been an active member of G20 since the forum’s inception in 1999. After the ministerial forum was upgraded to be a leader forum in 2008, Indonesian Presidents never missed the summits. Despite their tight domestic affairs schedules both former President Susilo Bambang Yudhoyono and the current President Joko Widodo have been in regular attendance at all summit meetings.

The economic empowerment and participation of women cannot be limited to promoting female entrepreneurship.

The G20 Hamburg Summit in July 2017 will be about nothing less than how globalization should be governed in the future. The G20 countries will have to respond to the key question of our times: How should a globalized world economy be coordinated for the benefit of all humanity against the backdrop of economic uncertainty, higher levels of inequality, climate change, refugees and migration?

The scale of the infrastructure and PPP initiative championed by the G20’s national and multilateral banks could privatize gains and socialize losses on a massive scale. The G20 should take steps to ensure that this scenario does not unfold.

The Group of 20 (G20) is a “club” of nations with significant influence. There is a significant democratic deficit in the G20 since its decisions and actions are not governed by international law and it is not accountable to representative bodies.