The Group of Twenty (G20), initially founded in 1999 as a response to the financial crises of the late 1990s, evolved into a major forum for international economic cooperation. In 2009, the group aimed to address the impact of globalization and the glaring global inequalities. What happened to the G20’s new world order?
Yet, as we approach the G20 summit to be held in New Delhi, India, one can’t help but wonder what happened to the so-called “new world order”?
The upcoming summit appears to be a crossroads, reflecting a world that is divided rather than united. China’s President, Xi Jinping, is expected to be missing, increasing tensions and worries about China’s role in the world stage.
Russian President Vladimir Putin is also scheduled to be missing, further complicating matters concerning Ukraine and foreign crises.
Economic challenges have now taken precedence over climate efforts. A deviation from what was ideally a comprehensive strategy for a balanced world. A clear divide is evident between the Western bloc and countries like Russia and China. This schism has resulted in tensions and uncertainties, affecting Western expectations from emerging powers like India.
Yet, India, the summit host, reflects a dual role as a rising power and a developing nation. With the theme ‘One Earth, One Family, One Future,’ the Indian presidency aims to highlight global interconnectedness and sustainable lifestyles.
While the world watches closely, U.S. President Joe Biden wants to improve American connections in Asia, which might pave the way for more regional collaboration. But whether these new alliances can deliver on the original vision of the G20 remains an open question.
The next G20 conference in India may be a watershed event in international relations. But it also reveals the cracks and shifting paradigms of what was once envisioned as a “new world order.”
By reconciling these realities, only then can the G20 aspire to fulfill its original mandate in a world that desperately needs cooperative leadership.