The Hangzhou Consensus: Legacy for China, G20 and the World

Abstract

China took over the G20 2016 presidency from Turkey during a period of subdued economic activity and diminished global growth. Growth in China was expected to slow to 6.3% in 2016 and 6.0% in 2017, primarily reflecting weaker investment growth as the economy continued to rebalance. Acknowledging that lower growth rates have become the "new normal," the Chinese leadership set the annual target growth rate for China at no less than 6.5% in its 13th Five-Year Plan (2016-2020 8%). At 2.2%, the share of the G20 discourse dedicated to the environment was higher than the overall average (1.42%) and higher than at any other summit except Cannes and Los Cabos. While energy issue-related discourse (about 4%) ranked lower than for Brisbane and Antalya, the metric was comparable to the average for the period (3.4%). Discussion dedicated to economic issues (25%) was close to the average for the period (27%). In line with the historical trend, the share of finance issues in the G20 discourse continued to decline, reflecting the G20's role in the division of labour with regards to the regulation of financial markets.The intensity of G20 engagement with international organizations was higher than the average since the Washington summit.

Improving Women's Economic Empowerment: The Roles of UNCTAD

“…Terdapat peneliti yang sudah membahas mengenai keterkaitan UNCTAD dengan global governance atau yang berkaitan dengan gender (Cornia, 2011;Hoffmeister et al, 2021;Izaguerri Vila, 2020;Larionova & Kolmar, 2017;Olsen et al, 2020). Olsen dan rekannya (2020) melihat UNCTAD dapat memainkan perannya di dalam global governance dalam mengembangkan set global indikator inti untuk pelaporan entitas bisnis terkait kontribusi mereka terhadap implementasi dari tujuan pembangunan berkelanjutan (Sustainable Development Goals/SDGs) yang diusung oleh PBB.…”

“…Namun Cornia (2011) melihat bahwa masih adanya keterbatasan pada hasil penelitian UNCTAD yang tercerminkan pada LDC Report tahun 2010 seperti kurangnya memperhatikan topik yang genting, adanya ketersinggungan politik karena mempengaruhi kepentingan kelompok domestik, dan tujuannya tidak terdiferensiasi untuk semua LDC. Walaupun begitu, Vila (2020) dan Larionova & Kolmar (2017) melihat UNCTAD dapat memainkan perannya di dalam tata kelola global pada keamanan konsumen dan menyusun laporan Revolusi Industri Baru (New Industrial Revolution atau NIR) G20 yang memberikan gambaran tentang peluang dan tantangan yang dibawa oleh NIR.…”