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Beyond Capital and Wealth: Challenges of the G20

Improving global governance
Posted Nov 14, 2017 | Kiel Institute for the World Economy, Dennis Snower

Economic and social progress is becoming decoupled through income disparities, disempowerment and disintegrating social affiliations. The G20 has traditionally focused on economic policy issues – economic growth and financial stability. Dennis Snower of the Kiel Institute for the World Economy argues in this Discussion Paper that an exclusive preoccupation with economic policy issues is unlikely to quell the growing public discontent, and suggests that the G20 objectives should be broadened to include resilient, inclusive and sustainable prosperity. This wider conception of human needs calls for a new worldview to underpin G20 policymaking, one that generates social acceptance for multilateral cooperation, while allowing different countries to nourish different national, cultural and religious identities.



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