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The Future of Development Issues in the G20

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The short-term future of development in the G20 would thus seem to be, at a micro level, encouraging concrete interaction of international agency activity on specific issues such as food security and infrastructure and the setting of broad directions for a global approach. But the communiqués till now suggest a preference for private sector initiatives and a reluctance to tackle the issue of how to get production moving, namely what are the financial and other resources needed. There has to be, over the longer term, evolution to tackle these issues if the G20 has to play a meaningful role. Given its nature, this would have to be through incremental and cumulative initiatives. But this would require a minimum level of consensus regarding the major issues in development and the policies needed to tackle them, and such a consensus is lacking at the moment.

Economics of G20

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