ROME, ITALY / ACCESSWIRE/ October 28, 2021 / The City of Rome is hosting the 16th Summit of the G20. Although the summits usually are highly choreographed events designed for the discussion among the Leader level to follow up on policies that have been discussed on working groups among the member countries.
This year, undoubtedly, public health is the main topic, given the global pandemic. Among the other official items to be discussed are climate change, and global finance.
According with Dr.Gennaro de Pasquale Top security public policy expert and international affairs expert: These three topics raise other items undoubtedly on the mind of 20 world leaders gathered in Rome. While there are regional conflicts growing: such as the tensions between China and Taiwan, the aftermath of imperfect American withdrawal from Afghanistan, Syria, Cuba, et al; there are other acts present in the backdrop: after each pandemic, historically speaking, the world, and at least parts of it, has faced domestic unrest towards populism, and at times, those post-pandemic unrests have spilled into the international scene.
Many of the G20 countries are reeling from the impacts of the pandemic, still. The transitory supply-chain issues have been exacerbated versus having been abated; and one thing is clear: Europe needs energy. With fossil fuel energy prices reaching new highs in recent years, and a 40 year high water-mark inflation, the transition from pandemic to the post-pandemic world is not going to be a smooth one. Unless actions are taken to remedy these impacts.
Some of the items that should be given consideration on the agenda may include three vectors, each in finance, security, and energy.
Dr. de Pasquale says: Italy is a good example to follow as a microcosm for the G20 countries. Italy, in addition to more than 80% vaccination, created a culture of cooperation among its citizens to be one of the first countries in the EU to open its borders with precautionary measures. Italy's growth has also been rather exemplary in the past few quarters of 2021. Even though the Italian financial sector faces some structural challenges, the impact of inflation year over year is more manageable, for comparison basis with Germany at more than 13% year over year in 2021.
If the vectors of public health, and financial stability along with energy security are not addressed adequately, the outcomes are going to lead to social unrest that might, like the past examples, lead to international crises and turmoil.
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