Steering towards reglobalization: can a reformed G20 rise to the occasion?

摘要

This paper makes three arguments. First, it provides an embryonic blueprint for 'reglobalization' by crystallizing the insights of the special issue. Wecanandshouldbuild a better globalization that addresses enduring inequality, based on a radical analysis cognizant of the partiality, fragility and incompleteness of the existing global governance architecture, and which seeks to expand, upgrade and democratize the multilateral order. Second, following a post-financial crisis interregnum replete with morbid symptoms, the Covid-19 shock potentially represents the denouement of a long period of neoliberal decay, after which different approaches to globalization will be necessary. Finally, only a reformed G20 can provide the crucial coordinating function that any process of progressive reglobalization requires, with three necessary reforms: its proper institutionalization with a permanent Secretariat; a widening of its remit to cover all aspects of contemporary globalization; and a concomitant narrowing of its focus to discharge aggressively that specific coordinating function.