| Publication |
2011.
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| Summary/Abstract |
The world has seen a profound shift in global governance as nation-states have sought dialogue and diplomacy in response to the 2008 Global Financial Crisis, not isolation nor condemnation. The G20 has been called upon by the international community to display collective leadership guiding countries through crises, and to refine the financial system to increase responsiveness towards the priorities of emerging economies.
John Kirton maintains that the G20 is a medium for G7ization: transmitting core G7 interests and norms to a wider set of countries crossing geographical, political, economic, and religious divides; however, what these ideals are remains in question. Indonesians feel distrustful towards globalization in part due to the legacy of the 1997 Asian Financial Crisis. This report uses Indonesia as a case study to build a G20 narrative between 2008-2011 to examine sources of scepticism. Overall, scepticism has shifted over time but enthusiasm remains high; the benefits from Indonesia's international exposure vis-à-vis the G20 far outweigh perceived G7ization threats.
Conversely, leadership and continuity are of greatest concern. Looking ahead, 2012 is not the time to push for a formalized G20 secretariat, but to again rely on the troika system for agenda continuity. To enhance the legitimacy of the G20, Indonesia must prioritize domestic connectivity and establish the basis for a green economy as promised in 2009.
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