Walking a middle path: the liberal international order, global economic governance, and India’s G20 presidency

Suman Bery

Oxford Review of Economic Policy, 2024, vol. 40, issue 2, 339-349

Abstract: The article assesses India’s views on the evolving liberal international economic order through an analysis of India’s 2023 G20 presidency. Despite the G20’s commitment to strong, sustainable, balanced, and inclusive growth (SSBIG), economic and social performance and prospects for the least developed economies have steadily deteriorated over the past decade, further compounded by the Covid-19 pandemic, geopolitical polarization and the return of war in Europe. India used the G20 as a platform to craft a distinctive, heterodox view on contemporary growth and development challenges to support its own economic rise and to provide political and intellectual leadership of the Global South. It also brokered the induction of the African Union as a full member of the G20. Through effective economic diplomacy, India’s presidency delivered a consensus Leaders’ document that articulates a heterodox growth and development model for itself and other emerging and developing countries.

Keywords: G20; economic governance; finance; India; geo-politics; multilateral development banks (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/oxrep/grae015 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:40:y:2024:i:2:p:339-349.

Access Statistics for this article

Oxford Review of Economic Policy is currently edited by Christopher Adam

More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited
Bibliographic data for series maintained by Oxford University Press ().