Event in Australia
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AUSTRALIA, 2013/07/04
Under the surface of the G20’s economic schedule lurk geopolitical security issues that are undermining cooperation and consensual outcomes. Nowhere is this clearer than in Asia, which leads the world economy but is beset by security tensions between major players. With the G20 presidency, Australia can shift the focus of governance and economic reform to this region.
The large nations do not trust each other, and the rest of the world does not trust the G20. Australia can change this by using its position to improve relations part the major G20 economies and beyond. In some ways, the G20 Summit mechanism forces all member nations to behave like middle powers, which are in the majority. This is a good thing for a number of reasons.
