Читать книгу Economics of G20 - Группа авторов - Страница 45

There seems to be little doubt that the G20 has begun its evolution from a crisis management entity to something more, which begins to incrementally reshape and recast global arrangements in a number of areas. In this chapter, we bring in both what has happened and what may be feasible in the area of development.

At first sight, one might think that the G20 has little to offer. With no formal budget control over resources and lacking a clear legal structure, the G20 is mainly a forum for high-level leadership to meet and discuss only at a general level. Also, in the development area, the G20 seemingly lacks legitimacy since most developing countries are not represented.

We have reviewed developments, thus far, and point to both adoption of a Development Consensus at the Seoul 2010 summit which set out achieving the MDGs as a priority, and the 2009 Pittsburgh declaration which points to reducing the high-/low-income country gap as an element in rebalancing the global economy. Add to this the consultative process with non-members, the feature that developing countries have a majority participation in the G20 on seemingly equal terms (unlike in many other international agencies), suggests that there are signs of forward movement.

The challenge for the medium to longer term is whether the G20 can move actively towards incremental resource mobilisation for development and strengthened global rules or whether its efforts on development remain more at the coordination across international agencies level Agarwal (2010).