Think Tank 20 (G20) discussed our global economy and the global pandemic.
Trade investment and growth was recently discussed at the Think Tank 20 (T20), Saudi Arabia’s think tank. Representatives from research centers, societal organisations and governmental bodies participated to discuss ideas produced by one of the group’s organisations, addressing the issues of trade, multilateralism and digital technological investments. Trade, growth and investment will be key for all countries to obtain, rise and sustain economies and growth.
The pandemic has left a downturn in our global economy and instability of world trade. This topic is a serious matter that requires discussion among G20 members in order to aide the reformation of the World Trade Organization.
One participating member, Dr. Alshaikh, stated that to prevent the same possibility of consequences similar to that of the financial crisis, foreign investment movement restrictions must be implemented and sustained.
“The role of think tanks is more important now, including allowing us to inform policies and raise awareness in the general public, we operate as a bridge between science and decision-makers,” the President of Policy Center for the New South, Karim El Aynaoui, said during an opening speech.G20…
During Saudi Arabia’s presidency of the Think Tank 20 (T20), Task force 1: Trade Investment and Growth discussed a number of challenges, such as: rising protectionism, unequal opportunities to engage in global value chains and legal systems that are ill-equipped for digital trade and international trade in services.
T20 Saudi Arabia formulated 11 task forces collectively forming a network to provide policy recommendations discussing various major cases of economic development, climatic change, woman and youth, technology and innovation, multilateralism, financing, food security, access to water and the methods of solving complex problems, under the presidency of King Abdullah Petroleum Studies and Research Center (KAPSARC) and King Faisal Center for Research and Islamic Studies.