Mazzucato, Mariana; (2025) Principles for an Inclusive and Sustainable Global Economy: A discussion paper for the G20. UCL Institute for Innovation and Public Purpose (IIPP): London, UK.

Preview

Text Mazzucato_Principles for an Inclusive and Sustainable Global Economy.pdf - Published Version Download (511kB) | Preview

Abstract

For the first time, the G20 will meet on African soil - at a moment when demands to reshape the global economy are intensifying. Climate instability, biodiversity loss, the rising cost of capital, and deepening inequality are exposing structural faults at the core of the global system. These intersecting crises are compounded by geopolitical tensions and trade disruptions that fragment supply chains and heighten economic volatility. This moment calls not for incremental reform, but for a bold, coordinated response. It demands a global economy rooted in the South African G20 Presidency’s core themes: solidarity, equality, and sustainability. This discussion paper answers that call. It presents a unified framework to reorient global economic governance around four interdependent principles: shaping the economy, financing for impact, building capable states, and forging collaborations for global equity. Together, these principles lay the foundation for long-term structural transformation - confronting enduring asymmetries in investment, production, and value creation. It calls for new development pathways in the Global South, while renewing the productive base and social contract in the Global North. From Seville to Belém to Johannesburg, the road ahead offers the chance to chart a new course—one driven by collective ambition, institutional renewal, and a multilateralism that is fit for purpose, planet, and people.

Download activity - last month

Export as CSVXMLJSON

Download activity - last 12 months

Export as JSONXMLCSV

Downloads by country - last 12 months

Export as CSVXMLJSON

Archive Staff Only

View Item