This program monitors and encourages citizens’ participation in power shifts and trends that shape economic governance, such as:
--The West and the institutions it leads (e.g., the World Bank) face greater competition. Emerging market countries, their existing and new institutions (e.g., the China-led Asian Infrastructure Investment Bank) and state-owned enterprises are gaining clout.
--Transnational corporations exert more influence (relative to governments and citizens) over governance, especially trade and investment rules.
--Regional institutions and “club governance” [for instance, the Group of 20 (G20), the Group of 7 (G7) and the BRICS (Brazil, Russia, India, China, and South Africa)] play bolder roles in global governance.
These trends are especially evident in the race to build infrastructure (e.g., energy, transport, water) to access natural resources and markets. The program explicitly encourages citizens’ participation in developing infrastructure and investment rules that serve humanity and the planet in sustainable ways.
For official G20 documents, as well as G20-related civil society, labor, business and think tank documents, click here.