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Tax and terror, those were the main issues highlighted by Indonesia at the G20 summit in Hamburg, Germany, on Friday, with President Joko “Jokowi” Widodo calling for a new soft power strategy to fight terrorism and a hard power strategy to fight global tax fraud.
The G20 process is stalling. It needs a big kick in the butt. Host countries should deliver it at future G20 meetings.What's the proof that the G20 is stalling? Simple: the global economy is stalling. Since the first G20 summit, held in 2008 with the explicit mission to "work together to restore global growth," it has failed in its core mission. Indeed, the prospects for global economic growth have never looked so gloomy - Larry Summers recently suggested that we are stuck in "secular stagnation."
President Joko “Jokowi” Widodo recently attended the G20 Summit in Hangzhou, China, joining leaders of the world’s advanced and emerging economies in discussing pressing issues related to the global economy. Jokowi’s presence underlined Indonesia’s active role in the multilateral forum since its inception in 1999, despite questions over its benefits and importance for the people.
Ten million Chinese tourists are expected to visit Indonesia and Chinese billionaire Jack Ma has been invited to give advice to Indonesia’s e-commerce committee — both signs that Indonesia is looking to cash in on its relationship with the world’s second-largest economy.
