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economy, Coun上海419论坛品茶微信cil of Foreign Relations staff members James McBride and
Andrew Chatzky wrote in a backgrounder published recently on the website of the US think tank.
While some are skeptical about the G20’s usefulness, they said, many
observers point out that its membership is more representative of the current internat
ional balance of power than other blocs formed earlier like the G7, which came into being in 1976.
The G20 initially focused on broad macroeconomic policy, but ha
s expanded its ambit, McBride and Chatzky wrote. Last year’s summit in Argentina focused on f
air and sustainable development, while the previous one in Germany addressed issues including corruption, mon
ey laundering, and international tax havens. At the 2016 summit in China, President Xi Jinping and US President Ba
rack Obama formally announced their countries’ accession to the Paris Agreement on combating climate change.
As part of the preparations for the Osaka G20 summit, the world’s leading think tanks
held a meeting in Tokyo on May 26-27 to work out policy recommendations for the leaders.