Re-energizing the G20 to Thwart a Global Systemic Crisis

Maintaining political order and governance on a global level should be centered on the United Nations, follow the principles in the UN charter and be supported by the IMF, World Bank and WTO. The role of China could potentially be key in global recovery as mankind conquers COVID-19. China’s ability to keep the virus under control, restart its economy and maintain growth, while, as of early 2021, much of the rest of the world continued to flounder, positions China as a driver for future economic development and trade growth. The importance of multilateral governance systems in the resolution of COVID-19 cannot be overstated. This is especially true of the G20 system. The G20 has the ability to mobilize the resources of the most influential and powerful countries in the world. G20 members, potentially in concert with China, have the power to put the world back on a path of multilateralism that emphasizes cooperation and consensus. COVID-19 transcends borders, nationalities and political systems. All nations must put aside pride and biases and replace them with more mutual respect, exchange suspicion for understanding and accusations with action. If nations are united, mankind can overcome the COVID-19 pandemic and work toward the continued development of economies and better manage the global community.