The G20’s Growing Political and Economic Challenges

The Group of Twenty (G20) confronts significant economic and political challenges, largely due to the failure to achieve sustainable and inclusive economic growth since the global financial crisis. This contributed to “populist” political trends that undermined the international economy in 2016, influencing the “Brexit” referendum and Donald Trump's U.S. election victory. The most ominous consequences of actions that may well echo the interwar period could be prevented today through international cooperation. Today’s political leaders need to build on efforts during the Chinese and German G20 presidencies to overcome the “new mediocre” in the global economy.