Democracy Arsenal

« Our False Debate on Cutting Defense Spending | Main | Shadowboxing with Wolves »

October 31, 2011

What Can the G-20 Do In Cannes?
Posted by David Shorr

TorontosummitTomorrow I'm heading to Cannes in the French Riviera. Not for a film festival, but the foreign policy wonk's equivalent: a global world leaders' summit. The same G-20 club of key economic powers that bolstered the global financial system against collapse in 2009 is meeting amidst the current turbulence in the Eurozone. (The Stanley Foundation has set up a page, if you want to see all our media comments.)

Today my preview of the summit was published over at The Atlantic, under the headline, "The G-20: The Committee to Not Save the World." That's pretty catchy, as titles go. Just needs one tweak to really work for me: "The Committee to Not Save the World Right Away." I actually think the G-20 could become an invaluable workshop where world leaders develop shared approaches to problems that have tended to be divisive. As my Atlantic piece points out, a major question for the G-20 is the pace and timeframe for it to emerge as a major producer of diplomatic consensus. Bear in mind, the group's defining feature is the way it brings to the table leaders from both the rising and established powers as peer equals -- unlike the vanila-flavored G-7, this forum includes Indonesia, Brazil, Turkey, China, and South Africa, to name a few. In other words, its comparative advantage is also its burden. 

Now consider the Eurozone debt crisis currently serving as the backdrop for the G-20 meeting. The relationship between the two is ambiguous, given the fundamental issues the sovereign debt poses for Europe internally. Still, it's probably good to have the wider world breathing down the Europeans' necks, given the threat of yet another financial contagion. Yet careening from crisis to crisis is no way to run the world, and G-20 leaders are keenly aware of that. This is why the group's signature agenda items are economic rebalancing and financial regulation, which are the essential underpinnings for a growing global economy. Puttingn it mildly, neither of these -- shifting export-based economies (China, Germany) to greater consumer spending, or reducing leverage in financial markets -- is a simple matter.

This the epitome of multilateral cooperation, leaders challenging themselves / each other to take politically difficult steps. Given the necessity of rebalancing for any sustained progress and prosperity, they have to come through on this; given the difficulty, they can't wave a magic wand. When you hear about the IMF Mutual Assessment Process -- I know, really wonkish sounding -- that represents the G-20's plan for pinpointing the causes of imbalances to spur out-of-balance countries to act. When you recall that a couple of years ago China wouldn't even let these issues be discussed, I'm ready to give some credit and have some patience. 

Interdependent-ist true believers like myself think the G-20 should tackle a broader range of issues. While that may sound contrary to what I just said above, I could walk you through a whole wonkish argument about how the incremental progress on these main items leaves diplomatic bandwidth for other items, but I won't bore you with all that.

Fresh from a weekend with other G-20 wonks at the annual conference of Canada's Centre for International Governance Innovation (here's their pre-Cannes page), I can convey a consensus view of experts whatever their views on the breadth of the forum's agenda. First, take a glance at the above picture from the Toronto G-20 summit. If the essence of a summit-level forum like the G-20 is the chance for top leaders to personally hash things out, then summits must have a format conducive to genuine negotiation rather than ritualized speech-reading. Looking at that picture from Toronto, which do you think is taking place? Even more to the point, the summit is too damn short! The world's most powerful men and women will come to Cannes from all over God's creation and meet for an afternoon, an evening, and a morning. And believe it or not, starting the Cannes program with lunch on the first day actually represents an expanded schedule compared with other G-20 summits. As I say, this issue tapped into deep frustrations among the G20-heads at our conference. 

In a few days, we'll see what President Obama and his colleagues were able to accomplish.


TrackBack URL for this entry:

Listed below are links to weblogs that reference What Can the G-20 Do In Cannes?:


beatifull atlantic.

Summit meetings like next week's G-20 in Cannes are something of a mixed bag for world leaders. Conventional wisdom holds that summits are politicians' cat nip--a chance to bask in their status and commiserate with peers. Of course there are also substantive policy matters on the docket, and the challenge of producing results worthy of all the fuss.

Great virtue and life being great thought

デザイナーの靴は、しばしば、有名人の足で見、そして彼らは少し違うものを提供し、短いブーツを含んでいます。ブーツは、オフラインとオフラインで購入し、そして彼らは割引価格でしばしば利用可能ですできます。トリーバーチは米国、英国、中国、イタリア、日本、韓国、台湾、フィリピンで販売されています。 rainbootsは、各ペアの側面にあるロゴで、象徴的であり、そしてそれらがすべてではなく、農場の労働者と非常にまれに自分の長靴を着用する人々に限定されるよりも、流行の服でもうまく動作するように設計されています。トリーバーチレインブーツは、多くの雨の季節に耐えるように強度と耐久性で、長期的な投資になる代わりに意図されています。ブーツは何度も複製されているが、レプリカトリーバーチのブーツは、彼らの側の公式ロゴを持っていない。トリーバーチ 店舗ロゴは、トリーバーチのブーツの公式ペアのユニークなシンボルです。彼女のブーツは、サラジェシカパーカーのような人が率いる、というように人気が証明する事実になって、世界中の人々は、乾いた日にはファッションの目的のためのレインブーツを着用することを選ぶ傾向にあります。結論では、考慮すべき多くのブランドやスタイルがあります。トリーバーチは、平均的な消費のためにファッショナブルなだけでなく、利用できると考えられているそれらのブランドの一つとなっています。あなたは、トリーバーチレインブーツの詳細を読んで、または、tory burch財布とレインブーツの詳細情報をご希望の方は私のブログをご覧くださいすることができます。 ファッションは完全に関するもので、快適さと完璧な探します!人は尊敬されるしたくない !トリーバーチ長財布関係がない継続的傾向に警告、上品な探して、流行しているかどうかに関係なくの完全に何か 1 つのどが渇いて方法の調整に時間を見つけることができ、配置されています。顧客の別の場所には別の方法の味があります。トリー バーチ 財布ファッション ファッションの多様なポイントは、地球の周りの個人の意味で上品です。たとえば、フランスの現代ヨーロッパ モード行からが選ばれることがあります明らかに特異モード方法を所有します。

I am experiencing a problem with your rss feed . Don’t know why I am not able to subscribe to it. Is there anyone getting an identical rss problem? Anyone who knows kindly respond. Thanks

G-20 Do In Cannes ? just a joke , developed county never be take pity on developing county ......................

I will be at their store and have all of the outfits waiting for me to try on when I arrive!

That sounds really superb and great

Thanks for post!

hope the G-20 brings hope for European economic .thank you for sharing ,do a great job ~!

The comments to this entry are closed.

Sign-up to receive a weekly digest of the latest posts from Democracy Arsenal.
Powered by TypePad


The opinions voiced on Democracy Arsenal are those of the individual authors and do not represent the views of any other organization or institution with which any author may be affiliated.
Read Terms of Use