The G20 facilitates global engagement but participation can be cumbersome.
In its agenda to reform global economic governance the developing world should look for ways to extract some value from the G20.
Looking downcast: head of the IMF, Christine Lagarde.
The IMF has lowered its forecasts for the US, UK and other advanced economies, even if post-Brexit negotiations go smoothly.
BRICS leaders at a meeting ahead of the G20 summit in Turkey in 2015.
REUTERS/Mikhail Klimentyev/RIA Novosti/Kremlin
The BRICS bank is positioning itself to play a significant role in those areas in which the international financial institutions are seen to have failed.
As the tension in the East China Sea continues to mount, Japan’s militaristic conservatives are putting their country on an aggressive footing.
The G7’s limited membership of like-minded countries gives it significant power to bring about meaningful economic growth.
Heading in the opposite direction?
Sino-Japanese rivalry might well come to dominate this year’s G7 and G20.
Leaders from the Group of Seven (G7) industrial nations in the Bavarian Alps for a summit in June. Time is ripe for a courageous shift in global leadership.
The world needs an alliance of leading well-being economies, a WE7, to lead it in the 21st century. It would be the first step towards a global network committed to a sustainable future for the planet.
Last week’s G7 meeting showed that turning our backs on fossil fuels altogether is no longer a fringe idea.
Michael Keppeler/EPA/AAP Image
Advocates of climate action have been saying it for years - we need to wean ourselves off fossil fuels completely. And now, the leaders of the world’s richest countries have started saying the same.
Public opinion is still firmly anti-nuclear.
Christopher Jue / EPA
Despite G7 climate pledge, the country isn’t embracing renewables.
In climate policy, all roads lead to the French capital.
The G7 is just the first in a series of international gatherings that will define climate policy for years to come.
The G7 leaders are hoping to point the world towards a low-carbon transition.
EPA/Sven Hoppe/AAP Image
G7 leaders have pledged to help end the world’s fossil fuel use by the end of the century. It’s a laudable aim, but decarbonisation can and should be done by the middle, not the end, of this century.
Often caught talking at cross purposes.
The Russian economy might be hurting, but the government’s social contract stands firm against a divided West.
The G7 leaders at Elnau Castle in Germany.
What to make of the announcement that we’ll be off the hydrocarbons in time for the 22nd century? Dream on.
Greece still owe us this much.
Much of the focus on Greece has been on how to deal with its debt. Yet the debt will not be tackled simply through cutting public spending.
The situation in is Ukraine deteriorating, but the G7 powers apparently have nothing to add.
Healthcare has borne the brunt of mass cuts.
Greece has undergone significant reforms in the last five years. A look at the effects on the country shows why Syriza’s rejection of further austerity is not unreasonable.
Imagine you’d organised a much-anticipated party but because of something you’d said or done nobody turned up? To dismiss the party in the first place would smack of sour grapes but this pretty much captures…
Have I broken it?
Matt Cardy/PA Archive
The latest data from the ONS show that the UK’s productivity gap with other G7 nations is at its widest since 1992. This bad news comes against the backdrop of increased optimism as the economy seems finally…
On the hunt for rogue internet cafes.
So what’s so special about this lot? Who decides which countries get to be in the gang? Can you get kicked out? How does it stack up against the G20? If spies were to listen in, would they hear anything…