Themes 01 Global Economy
While the G20 was originally established in response to the global financial crisis, its core mission today is to establish economic fundamentals for realizing sustainable and inclusive growth of the global economy. From this perspective, first, the G20 discusses the impact of structural factors on the global economy, such as global imbalances and aging, in addition to monitoring major risks through surveillance of the global economy.
Second, the G20 discusses concrete actions for strengthening growth potential. We also discuss sustainable financing to promote Universal Health Coverage (UHC) in developing countries as well as promoting debt transparency and ensuring debt sustainability in low-income countries, in addition to promotion of the Quality Infrastructure Investment (QII), as well as measures that further reinforce the basis of sustainable development, including strengthening financial resilience against natural disasters such as disaster risk financing.
Third, in the areas of international taxation and finance, we take up issues of how to respond to economic and social structural changes brought by digitalization and globalization of the economy through technological innovation. This structural change has been radically changing the world's economic and social landscape and business models. In order to harness this change for achieving sound growth, it is urgent to implement policy response in the area of internal taxation and finance, while avoiding harmful fragmentation of the global economic system.