ECONOMIC AND GEOSTRATEGIC IMPLICATIONS OF THE LAST G20 SUMMIT

Rodica Velciu

Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), 2016, vol. 13

Abstract: The article analyzes the results of the 11th G20 summit under China’s presidency against the backdrop of the far-reaching transformations in the world economy. All participants have shown their determination to chart the course for global economic recovery and give a new impetus to the world economy, to improve global economic and financial governance, and revitalize international trade and investment, the two engines of economic growth, as well as to achieve an open world economy and promote interconnected and inclusive development, with benefits to the whole world. The main conclusions arising from the summit are related to the need for change by: addressing tax evasion; fostering international trade and investment and fighting protectionism; enhancing innovation to boost growth; strengthening support for refugees. After the Hangzhou Summit, all parties will continue to make efforts to implement its outcome, and jointly promote strong, sustainable, balanced and inclusive growth worldwide.

Keywords: G20; growth; global economic and financial governance; interconnected and inclusive development (search for similar items in EconPapers)
JEL-codes: E20 E60 F02 F30 F40 F50 (search for similar items in EconPapers)
Date: 2016
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