Since the creation of the G20, its leaders have tried to balance the dual roles of managing the global economy and stewarding globalization. A fundamental aspect of the leaders’ deliberations revolves around restructuring the current system to manage globalization by strengthening selected institutions, streamlining overlaps and addressing gaps in governance.
This brief outlines concrete proposals for addressing three issues where the gaps are particularly salient, and the intersection between development and wider global challenges are particularly pronounced — climate change, the Internet and sovereign debt.