... perpetuating these inequalities and imbalances, developed economies need to advance inclusive formats across all levels of the world economy. This can be done within the framework of G20 by inviting the African Union and other regional groups from the Global South as members or as partners of dialogue; this can also be done by creating task forces and engagement groups that are focused on facilitating technology transfers to developing economies. Another possible venue is the World Trade Organization (WTO) where there is substantial scope to create provisions and groupings that are to lower trade barriers to developing economies and to provide greater access to technologies. Such an inclusive approach in the midst of mounting recessionary fears for ...
... the African Union attained crucial advances in regional economic integration in the past several years and can represent the Global South as a regional forum in the G20 just like the EU may be the regional representative of the Global North.
In the longer ... ... their anti-crisis contribution via refraining from protectionist measures and coordinating liberalization initiatives with the WTO. The developing countries in the coming years could make a lasting and crucial contribution to making the G20 a more effective ...
... global and regional organizations — in particular between regional development banks and the World Bank as well as between the WTO and regional trade arrangements. One possible exception in this respect is the coordination between the IMF and the regional ... ... the ambitious environmental goals in leading developed economies and in advancing the green agenda across the economies of the Global South.
The emergence of new projects with a global reach launched by the world’s leading economies also raises the role ...
... scale up such arrangements to the level of not just-country-to-country but also region-to-region and RTA-to-RTA (digital “integration of integrations”). ASEAN can also play a more active role in global and multilateral organisations such as the WTO. In particular, ASEAN can forge alliances within the global institutions with other regional groups from the Global South to promote an agenda of lower protectionism and greater openness.
In the end, now is the time when various regions of the world economy will start to advance their visions and strategies for globalisation. The process of globalisation is ...
