Building Resilience

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Stable economic systems are essential to make states and society durable for crises and to open up long-term perspectives for economic growth. The G20 aims to increase the resilience of national economies and the global economy by intensifying cooperation in trade and investment, by securing stable and transparent financial markets, and by advancing fair tax systems and better job opportunities.

The necessities of long-term planning call for a stable framework and solid foundations. People anywhere in the world need to rely on the solidity of political, economic, and social structures if they want to make plans for their everyday lives and their future.

Nevertheless, current and recent developments, such as, for example, the financial crisis of 2008 or continuing climate change, have shown that this kind of resilience cannot be taken for granted. Economic crises, natural and environmental disasters, and political unrest all have impacts on the stability and on the functioning of the very structures that provide the framework for growth and development. Stable structures are important to secure the living conditions of today’s populations as well as of future generations.

The G20 states account for two-thirds of the global population, four-fifths of global GDP, and three-quarters of world trade. This provides them with considerable influence 0n the global economy. This kind of influence entails many responsibilities. At the G20 summit, the member states will pledge to assume this responsibility and to actively work on solutions for the most important global challenges.

The main topics of the G20 summit have been sectioned into three areas, in order to help to structure the elaboration and development of ideas.

The first area is entitled “Building Resilience” and will deal primarily with the means and methods of providing stable and sustainable economic growth. The focus will be on five main topics:

  • World economy
  • World trade
  • Job opportunities
  • Financial markets / International financial architecture
  • International tax cooperation

At Youth 20 Dialogue, the youth will also discuss these challenges. They will have a look through the topics and will develop their own points of view as suggestions for the politicians. The results will be handed over in a position paper to Chancellor Angela Merkel and to Manuela Schwesig, Federal Minister for Family Affairs, Senior Citizens, Women and Youth.