g20 summits are always important these
are the leaders of the 20 large
in the world meeting they represent the
majority
global population and the global economy
and they discussed things important
things they might disagree on how to
deal with everything from climate change
to North Korea or searing and it's
particularly important this time because
after the election of Donald Trump as US
president the world is starkly divided
into two camps the globalist defend the
existing post-war multilateral economic
order and the nationalist populist who
try to tear it down
well the populist side at least has more
swagger it has all the strongmen on its
side think of turkeys Edwin Russia's
Putin and of course the USA's president
Donald Trump these all strut around the
world stage projecting national power
but their swagger betrays economic
insecurities at home Russia's economy
struggling the Turkish economy relies on
a credit bubble that's driven by
incoming capital flows and even the US
economy is both Riven with divisions and
also at risk of setting itself outside
of the global economy
the globalists have a much quietest
style but they actually have more strong
achievements to show for in particular
just the day before the g20 summit
started to EU and Japan signed a free
trade agreement this is going to cover
the biggest free trade area of rich
economies in the world it will boost
trade between Europe and Japan but at
the same time is going to leave other
economies such as the u.s. behind and
this is the important lesson of this
conflict between the globalist and the
populist economic globalization is not
going to stop just because the populist
want to get off