Globalisation The
elephant I
in the room
November 2022 saw global leaders meet in Bali for the G20 summit, but delegates didn’t have time to sunbathe. From the continued impact of sanctions on Russia to a looming energy crisis, the halcyon days of free-wheeling globalisation feel ominously distant. Nikki Peach spoke to a range of experts ahead of the summit to fi nd out whether rival countries can unite to fi ght global challenges, and if our increasingly multipolar planet means shindigs like the G20 and G7 are becoming less relevant.
nviting international enemies for dinner is rarely a wise idea, especially if resurrecting the global economy is on the menu. While President
Joko Widodo (Jokowi) of Indonesia might not have expected the leaders of Russia and Ukraine to put the world to rights over a plate of nasi goreng, he did hope they would both attend. But this year’s G20 summit was more of a G19, with Russian President Vladimir Putin nowhere in sight. Rumours of Putin’s virtual attendance, and boycotts from the US, created a stir before anyone had even landed on Balinese soil. But when Moscow announced that Putin would not be attending this year’s summit, the diplomatic potential of the event was somewhat marred.
In what was tipped to be the most high- profile summit in years, full attendance was widely considered the benchmark for success. “Jokowi’s focus is to make sure that the principal leaders – Xi Jinping, Putin and Biden – are all present,” Vasuki Shastry, associate fellow of the Asia-Pacific programme at Chatham House, told me ahead of the meeting. “At a bare minimum level, getting these powers in the same place would be a success.” The reality, then, was undoubtedly a disappointment for the host nation.
4th US Census
G20 summit host Indonesia’s global population ranking.
Finance Director Europe /
www.fi nancedirectoreurope.com
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Leremy; bartamarabara/
Shutterstock.com
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