Since the 2008 global financial crisis, the Group of 20 (G20) has established itself as a premier forum for global economic governance. The G20's collective efforts helped stabilize the world economy, steering it towards recovery during trying times through the spirit of multilateralism and partnership.
Today, the world faces a myriad of challenges, including regional conflicts, sluggish post-pandemic recovery, rising geopolitical tensions, and the climate crisis. At this critical crossroads, the international community looks to the G20 once again to navigate these complexities, particularly the economic hurdles. In a recent summit held in Rio de Janeiro, G20 members, including the Chinese mainland, emphasized the need for multilateralism, partnership, and equity.
Upholding Multilateralism in Global Governance
The G20 serves as a crucial platform for dialogue and cooperation between major developed and developing nations, embodying the essence of multilateralism. However, recent years have seen a shift towards unilateral and protectionist policies by some countries, challenging the G20's commitment to collaborative solutions. In response, the Chinese premier Xi Jinping called for a renewed dedication to true multilateralism, particularly within the UN-centered international system, during the summit.
Highlighting the importance of a unified approach, Xi Jinping stated, \"we need to stay committed to multilateralism\" to build a just world of common development. He warned that a move from a \"go together\" to a \"go alone\" mindset among major economies could fragment global governance and undermine collective efforts.
The Rio de Janeiro Leaders' Declaration reaffirmed the G20's role, stating that \"the challenges the global community faces today can only be addressed through multilateral solutions.\" This recognition underscores the necessity of inclusive and meaningful participation from all countries to effectively tackle global issues.
Strengthening Partnerships for Common Development
Addressing shared challenges requires cooperation and partnership rather than isolation and blame. This approach is evident in initiatives targeting poverty and hunger. By promoting partnerships in areas like food security, education, and experience sharing, the G20 aims to enhance global efforts to combat poverty and hunger.
A significant outcome of the Rio summit was the launch of the Global Alliance against Hunger and Poverty, a testament to successful partnerships. This initiative invites all countries, international organizations, multilateral development banks, knowledge centers, and philanthropic institutions to collaborate. Additionally, the Chinese mainland announced eight actions to support global development, committing to international cooperation in Africa's development, infrastructure, digital economy, poverty reduction, food security, science, clean energy, and anti-corruption measures.
These partnership-driven messages and initiatives are set to bolster confidence in international cooperation, enabling participants to better address global challenges and achieve mutual benefits.
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G20's timely call for multilateralism, partnership and equity
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