The experience of Italy’s G20 Presidency last year showed that, despite considerable and increasing difficulties, acting in concert can achieve important results, although it must be acknowledged that it is made more arduous by the altered political context. A change of direction that aims to blend the benefits of globalization with policies framed to limit its negative consequences is indispensable.
It must be based on an open discussion of the rules and governance of the global economy, which leads to a new international balance, taking account of the greater importance of emerging countries and the need to guarantee fundamental respect for the founding principles and values of peaceful coexistence among nations.