Perspectives on the G20: The Los Cabos Summit
Leaders seated for the G20 foreign ministers family photo in Los Cabos, Mexico, Monday, Feb. 20, 2012. (AP Photo/Charles Dharapak, Pool)
The Mexico G20 Summit in Los Cabos on June 18-19, 2012, will mark the seventh time the G20 heads of government have met. The summit will bring together the leaders of the world's major advanced and emerging economies, providing an opportunity for international cooperation on the most important issues on the global agenda. CIGI experts present their perspectives and policy analysis on the most critical issues facing the G20 at Los Cabos, such as strengthening the architecture of the global financial system, food security, climate change, green growth, global imbalances, and employment and growth.
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The G20 leaders are confronting a number of challenges. Most prominent among these is the state of the global economy, which remains dangerously unbalanced.
The Los Cabos summit comes at a critical time. Indeed, it is tempting to assert that it marks a crossroads in terms of leadership of the global economy.
The G20 has the potential to make important economic policy changes that could help improve access to food for the world’s poorest people.
A key challenge at Los Cabos will be articulating a vision for green growth that is focused and feasible, yet integrates with other reform initiatives.
The global push to implement measures to stem future systemic crises like the one that first gripped the global economy in 2007 has made considerable progress.
Since the international financial crisis of 2008, the G20 has devoted extensive attention to the improvement of international financial regulatory standards.
As we approach the Los Cabos summit, it is easy to be downbeat about the state of the global economy. But now is not a time for reflection.
The opinions expressed in this article/comments are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors and/or International Board of Governors.