“If we want to ensure future-oriented, sustainable economic growth, business has an important role to play. We are ready to do so.” said B20-President Jürgen Heraeus during the final meeting of all B20 working groups in Paris. Co-hosted by Business at OECD (BIAC), the working groups used the conference and finalized their recommendations for the upcoming G20 Sherpa Meeting.
Following the G20 Motto Shaping an Interconnected World, Heraeus explained: “This cooperation offers the outstanding opportunity to shape global economic governance. Our global economy is changing rapidly. We are facing a multitude of risks: climate change, political conflicts, terrorism to name just a few. The G20 can serve as an agenda setter. “
“Business at OECD provides continuity and expertise across G20 and B20 presidencies. We support the OECD in its vital mission to improve domestic and global economic governance. At a time when trade and investment across borders are subject of much ill-informed debate, OECD evidence on the substantial benefits of open and competitive markets is more important than ever”, said Business at OECD (BIAC) Chairman Phil O’Reilly.
B20 Germany has chosen the motto: Resilience, Responsibility and Responsiveness – Towards a Future-oriented, Sustainable World Economy. Resilience in an economic sense must be a holistic concept, including new frameworks for disruptive technologies brought about by digitalization and those suited for increased uncertainty around the world to ensure crisis-responsiveness. Responsible leaders should address challenges such as climate change and digitalization pro-actively. In the light of the recent rise of anti-globalization movements, the motto of “responsiveness” seems timelier than ever.