Paradox in G20 declaration

 

In June 2012, the two global conventions were held. First one was G20 held in Mexico and latter was Rio+20 held in Rio de Janeiro, Brazil. Both of meetings’ topics virtually were akin. As G20 focuses on the global economic crisis, Rio+20 focuses on environmental issue to ensure promotion of an economically, socially and environmentally sustainable future for present and future generations.

After the global economic crisis that outbroke in 2008 and then seemingly has gotten recovery in 2010, the crisis has renewed its effect since second half 2011, especially in Eurozone. This situation in the global economy is interpreted as a double dip crisis.

According to the declaration of G20 in Mexcio, global economy has continued to face a number of challenges, such as ‘financial market tensions being high, external, fiscal and financial imbalances still prevalent’. So these negative situations constitute a major impact on growth and employment prospects and confidence across the world.

Therefore the global economy remains vulnerable affecting negatively everyday lives of people across the world.

G20 decided to act together to strengthen recovery, demand and restore confidence, to support growth, foster financial stability so as to make up jobs and opportunities for all of citizens of the countries.

Timid of economy circles in particular is Euro area that suffers from sovereign debt crisis over one year. G20 looks forward to the Euro Area working in partnership with the new Greek government to ensure they remain on the path to reform and sustainability within the Euro Area in order to secure quick recovery and stability not to deepen crisis in Europe.

Recognizing the impact of the continuing crisis on developing countries, particularly low income countries, G20 countries would intensify their efforts to form a more beneficial environment for development, including supporting infrastructure investment.

Especially by stabilizing global markets and contributing stronger growth, the countries aim to generate significant positive effects on development and poverty reduction across the globe.

According to the declaration of the meeting, strong, sustainable and balanced growth remains the top priority of the G20, as it leads to higher job formation and increases the welfare of people across the world.

Members of G20 have made commitment to adopting all necessary policy measures to strengthen demand, support global growth and restore confidence, deal with short and medium-term risks, enhance job formation and reduce unemployment.

Another meeting which is crucial for the planet’s future was Rio+20 held in Rio de Janeiro.

Heads of State and Government and high-level representatives, having met at Rio de Janeiro, Brazil, from 20 to 22 June 2012, with the full participation of civil society, by renewing their commitment to sustainable development and to ensuring the promotion of an economically, socially and environmentally sustainable future for the planet and for both present and future generations.

Poverty and hunger are seen the greatest global challenge facing the world for long years. The heads of governments and states have committed to freeing humanity from poverty and hunger stressing as a matter of urgency as before. But in this issue, which has been on the agenda especially since the beginning of this millennium, unfortunately a noteworthy way could not be taken. In order to solve this vital topic, it requires sincerity and action rather than remarks.

G20 and Rio+20 meetings’ declaration also urged international trade as an engine for development and sustainable economic growth.

But some of the states’ economic and trade activities have been restrained and have been under embargo since long years.

One of them is Turkish Republic of North Cyprus, for decades its international trade was forbidden. This is seemingly a strong contradiction with the declaration’s spirit of G20, in addition universal human rights. Solving this global challenge requires holistic approach.