This year, the G20 will at the same time be our trilingual committee. Delegates can experience a more realistic version of an international conference as the entire debate will be interpreted simultaneously in English, French and Spanish.
Although only 20 countries or international organisations are member of the G20, they represent more than 80 percent of the global GDP. Founded in the aftermath of the financial crisis of 2007/08 to improve intergovernmental coordination in an globalized economy, the G20 by now are one of the most influencial commitee outside the UN-system. Leaders of the industrialized states and the emerging economies sit together and try to find solutions to most pressing issues for the global economy. Although the G20 remain a forum of exchange and not strong decision atking body, they have been capable of taking actions in the past. But the new rise of nationalism has also challenged the multilateral approach of the G20. Are you ready to deal with this challenge?
A) Trade Wars: The effect of protectionist movements on international trade
B) A global approach towards development
Trade Wars: The effect of protectionist movements on international trade
After decades of Free Trade the current state of the world in geopolitical and economic terms is critical. So it is time for the G20 to adress this very important topic. During the debate the primary focus will be addressing the recent rise of pro-protectionist parties across the world. This includes issues like:
- Brexit and what it means for trade amongst the Group of 20
- Recent US economic policy changes, and how they will affect the global economy
- Countries such as Venezuela quickly nationalising industries, which pulls foreign investment from the country
- Addressing the impact of tariffs on economically unstable countries
The aforementioned developments demonstrate the influence nationalist movements might have and the tensions they cause. Therefore the debate might facilitate a better mutual understanding and creates enhanced cooperation. If large countries with huge economic weight alter their policies in such dramatic ways this will be a threat to the global economy but especially for smaller and developing economies. Is the G20 ready to tackle this issue?
A global approach towards development
“Well, with great power comes great responsibility”, this legendary quote from Spiderman summarizes our second topic quiet well. This topic focusses on the role that big economic powers play on fostering inclusive development through different that are mechanisms available such as but not limited to trade policies, potential for investment or Official Development Assistance.
Altough it is already a present priorities of the G20 through the “infrastructure for development” programme, the G20 need to be aware of the effect that big powers’ policy have on other countries and the opportunities the G20 have to foster economic development bearing in mind the importance of sustainability and inclusiveness.
However this topic remains controversial since there is no consensus which approach to development is the right one. Current policies advocating for protectionism are fundamentally opposing to that what international organisations like the WTO or the developing countries themselves demand.
Finally, also migration (especially in the EU) is topic which is related to development and highly controversial among G20 member states. So the question on the importance on helping at the origin country to avoid massive fluxes is even more pressing.
|Russia||Saudi Arabia||South Africa||South Corea|
|Turkey||United Kingdom||United States of America *||President of the European Commission|
|Guest Nations / Organisations:|
|IMF Managing Director
* For experienced delegates only