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Significance
The compromises made by the leading players on issues such as the Ukraine war may be enough to sustain the future of the G20 as a top forum for international economic cooperation, but limited ambition and geopolitical competition looks set to hobble effective action.
Impacts
Leading international organisations such as the G20 will persist, despite uneasy relations between their developed and developing members.
The G20’s limited effectiveness in addressing global problems will fuel doubts over the value of a universal global governance system.
The fragmentation of the universal global governance system will continue as frustrations with its ineffectiveness grow.
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2023
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