The G20 may no longer be under Australia’s custodianship, but the show still rolls on. The leaders’ forum will head to Turkey in 2015, and in his final act as G20 chair for 2014, the Australian Prime Minister Tony Abbott confirmed 2016 will see leaders’ heading for China. The announcement is timely, although the G20 designated itself in 2009 as the ‘premier forum for international economic cooperation’, 2016 will be the first year in which China, the world’s largest economy in terms of purchasing power parity, will bear responsibility for coordinating the process.
Despite the crushingly voluminous literature surrounding China’s growing might in all spheres of international activity, the primary question underpinning most of the research is pretty much the same — what will China do with its newfound power? In the world of global economic governance, this translates into looking at what China’s rise will mean for the future of the rules and institutions that underpin international economic activity: the flow of trade, capital and finance.
Comments are closed.