In this Lowy Institute Analysis, G20 Studies Centre Director Mike Callaghan examines what outcomes from the Brisbane G20 Summit in November would help reinvigorate the forum and render this year's Summit a success.
While Australia has sought to strengthen the G20 by pursuing during its presidency a more focused agenda, events in 2014 have increased the challenges confronting the global economy and the G20. The Brisbane Summit needs to demonstrate that the spirit of cooperation is alive and well within the G20.
To be a success, the Brisbane Summit requires a headline outcome, engaged leaders, a minimum of rhetoric, a focus on implementation, and clear evidence of cooperation between members.
Achievements should include a focus on implementing the reforms needed to achieve the G20’s growth target, a renewed effort on multilateral trade liberalisation, and concrete steps to modernising international taxation.