G20 정상회의: 서울 정상 회의의 주요 의제 분석과 향후 전망 = The G20: from Seoul to Paris and beyond

다국어 초록 (Multilingual Abstract)

This paper reviews what has been done and what should be done at the G20 Summit meetings and suggests key agendas to be focused on beyond the Seoul Summit so that the G20 can genuinely become the premier forum for international economic cooperation. First, the G20 leaders must address the problem of global imbalances even though it is very sensitive and politically difficult. But naming and shaming must be avoided and more balanced and comprehensive discussions will be needed. Second, regarding financial reforms, the G20 Summit should focus more on follow-up agendas than on new ones and derive comprehensive action plans that include country-specific commitments. Third, besides the quota reform already achieved, the G20 leaders must conclude further issues of IMF governance reforms by agreeing on details. Fourth, discussions and suggested ideas up to now on global safety nets are insufficient to tackle the intrinsic problem of capital flow volatility. The G20 Summit should be committed to reducing volatile movement of international capital by introducing direct and pre-emptive measures. Fifth, the G20 needs to show some progress to break the current impasse of trade negotiations so that its credibility can be greatly enhanced. Sixth, the G20 leaders must recognize that for the success of the development agenda, the multi-year action plans endorsed at the Seoul Summit should further and continuously be carried on at the G20 Cannes Summit in 2011 and the Mexico Summit in 2012. Last but not least, to overcome those challenges regarding legitimacy issues, characteristics issues, institutionalization issues, and relationships with international organizations and successfully achieve its ultimate goal, the G20 must establish an effective implementation mechanism.