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Economic And Geostrategic Implications Of The Last G20 Summit

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  • Rodica Velciu

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.

Suggested Citation

  • Rodica Velciu, 2016. "Economic And Geostrategic Implications Of The Last G20 Summit," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 13.
  • Handle: RePEc:iem:imptrs:v:13:y:2016:id:2822000009632027
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    File URL: http://www.iem.ro/rem/index.php/itset/article/view/503/580
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    More about this item

    Keywords

    G20; growth; global economic and financial governance; interconnected and inclusive development;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F30 - International Economics - - International Finance - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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