INDIAN Prime Minister Narendra Modi faces a formidable task as he presides over the G20 summit in Delhi this week, striving to broker consensus between the world’s largest developed and developing nations. The enormity of the challenge is underscored by the conspicuous absences of Vladimir Putin and Xi Jinping, symbolizing the rifts within the G20 and its waning relevance. Under the theme of “One Earth, One Family, One Future,” the G20’s ostensible unity belies the underlying conflicts and its struggle to retain relevance.
The G20’s roots trace back to the late 1990s but flourished a decade later during the global financial crisis when both affluent and emerging economies collaborated to cushion the blow of the near-collapse of the global banking system. However, today’s landscape is starkly different, highlighting the pressing need for effective diplomacy and cooperation among these influential nations to address the world’s most pressing challenges.
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