Recommended Watch: Goodbye old world order? Final G20 summit before Trump inauguration • FRANCE 24 English
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Will history remember Rio as the swansong gathering of the US-led world order as we now know it? The curtain is coming down on Joe Biden’s last G20 summit, his last big global gathering before the return of Donald Trump to the White House. The outgoing US president, who turns 82 on Wednesday, is slightly older than the United Nations, the World Bank and the International Monetary Fund; all institutions that evolved on Washington’s watch. The neoliberal rules of the global game are often referred to as the Washington consensus.
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Read more about this story in our article: https://f24.my/AklA.y
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Francisco Gimeno - BC Analyst This podcast offers some questions about the uncertainties of the future. The G20 last meeting before Trump comes to the Presidency showed the image of the BRICS and the challenges to the liberal order (the Washington consensus). The iconic picture of this year lacked Joe Biden and Trudeau of Canada, as they were not ready to be in the same picture as the representing of Russia. This made Indian President the centre of the picture as India is the biggest democracy in the world by population. Some think we are going towards a multipolar order, far from the actual monolithically order policed by US. China, India, South America, South Africa, and different alliances which were not even possible before. But we have to see what kind of policy Trumps goes on foreign affairs, world trade and finance, with the strong competition now between US and mainly China for technological leadership in AI and other disruptive tech. What can we expect from Trump? What we know of him is "America First". And again, a wave of conservative populism is going around the world (Argentina, Hungary, etc) which is going to have an impact in this stage of turbulent changes in world order.