The G-20 Debated at Bilkent

In Early February the Department was delighted to welcome Prof. Anthony Payne (The University of Sheffield, Department of Politics), co-Director of the Sheffield Political Economy Research Institute (SPERI). The event was part of the Department’s Jean Monnet Seminars organized by JM Chair and Acting Chair Assoc. Prof. Dimitris Tsarouhas.
Prof. Payne’s research encompasses, inter alia, the G-20 and its role in global governance. He has written extensively on the subject and kindly shared some of his findings with the Department and external guests. Prof. Payne pointed to the “under-governance” of the global economy and reminded us of the original purpose of setting up the G-20, which was to represent the new global economic balance in a more fair way and move away from the western-centric perspective adopted by the G-8. In identifying three major processes of change, namely 1) the financialization of the e economy 2) the power shift from West to east and 3) climate change and environmental destruction, Prof. Payne highlighted the urgent need for a new global governance understanding with the G-20 at its core. So far, however, the results have been rather modest and after a strong start at the outset of the crisis in 2008-09, the G-20 seems to be backtracking to a secondary role in global governance. This, it seems, we can ill afford.
The Seminar was very well attended, bringing in Faculty, students, civil society members and diplomatic staff.