The Think 20 is a meeting of the world's leading think tanks representatives with the aim of sharing their visions on the most pressing issues of the global agenda, as well as maintaining fruitful and meaningful cooperation between government and academic circles. Think tanks play an important role in the G20 processes, creating "ideas bank" which helps to transmit the main outcomes from research institutions to the global governance institutions. The main outcomes of the Meeting are delivered in the form of practical recommendations that think tanks provide on the issues of global governance, improving the G20 working process and facilitating inclusive economic growth.
Los Cabos T20 meeting, February 27-29, 2012
The first-ever Think 20 meeting was held in the Mexican G20 presidency. On February 27-29, the Think-20, a network of research institutions from around the world, met in Mexico City to discuss the Los Cabos G20 Summit agenda. The recommendations of this meeting are as follows:
- Stabilize and Reform the Global Economic and Financial System: The T20 suggested that The G20 should play a critical role in assuring the quality of the Euro zone policy response in the aftermath of the financial crisis. Thus G20 should make it a priority to insulate the rest of the world from spillovers from the Euro zone crisis by increasing the resources of the International Monetary Fund (IMF) and creating global financial safety nets. The T20 also suggested the G20 to begin discussion of a systematic sovereign debt restructuring process to deal with future challenges.
- Promote “Green Growth” and Food Security: The T20 urged The G20 forum to agree on an integrated vision of “Global Green Growth” to be embedded in the Pittsburgh Framework for Strong, Sustainable and Balanced Growth. They suggested that the agenda of “green growth” should be made mainstream. The current G20 agendas for growth, development, energy, and food security should emphasize the need to create green jobs and promote investment in greening infrastructure and sustainability. The G20 can maintain a strong focus on the existing agendas and, at the same time, produce a Los Cabos legacy of “Green Growth”. The discussants also stressed on the necessity of following through on the commitment to eliminate inefficient fuel subsidies by 2020. To ensure food security, the G20 should try to phase out agricultural subsidies and ensure access to inputs by smallholders, especially women. The T20 team emphasized that food security, research and development (R&D) and commodity price volatility as cross-cutting issues that require leadership which agricultural ministers alone cannot provide. Leaders must lead in this area, including by appointing a food security “Czar(s)” to focus on policy coherence among WB, OECD, and UN agencies and within national governments.
- Improve the G20’s Performance: To improve the G20’s performance the T20 suggested reassessing the Troika. They also recommended a Bureau to support the Troika. Strengthening the links between the G20 and the other international bodies such as the UN is also necessary. The discussants also suggested ensuring transparency and consultative processes with regard to new initiatives and delegation of work.
Moscow T20 meeting, December 11, 2012
The second Think20 Meeting took place in Moscow on December 11 as part of Russia's G20 presidency. In this meeting representatives of leading global think tanks exchanged opinions on the most important issues on the global economic agenda. The key focus of the meeting was on the following issues:
- Reinvigorating Economic Growth: Macroeconomic Issues and Fiscal Sustainability
- Trade & FDI: Tools to Restore Growth and Pave the Path towards Convergence
- Enhancing Sustainable Development: Finding Enduring Sources of Shared Global Growth
Think 20, 2014
Think 20 activities and meetings in 2014 have been coordinated by the G20 Study Center, Lowy Institute for International Policy. They have produced analyses and reports on G20 issues throughout the year and also organized a number of events. Detailed information are available at their website at www.lowyinstitute.org