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Cape Town Conversation 2024 II Live II Rebalanced Globalization

With the rise of the Global South, the prevailing paradigm of globalisation is increasingly being challenged. The next period of the global economy—a rebalanced globalization—will require leadership from countries of the Global South to refocus on pressing developmental challenges facing the world today. These include reforming and empowering multilateral development institutions, energy transition and climate action, inclusive digitalisation, debt sustainability and sustainable financing to achieve the SDGs. As the G20 leadership transitions through India, Brazil, and South Africa, and with the African Union inducted as a full member of the group, ensuring continuity in these priorities will be vital for a rebalanced globalisation that addresses concerns critical to the Global South countries. Driving Questions What are the key imbalances in the current globalisation paradigm and how can the Global South address them? How can the Global South translate global commitments such as the Pact of the Future and the Global Digital Compact, and a potential Global Health Compact, into impactful initiatives that advance the goals of Agenda 2030? How has Brazil’s presidency built on the New Delhi Leaders’ Declaration and advanced its G20 goals of inclusion and sustainability and what are the priorities for South Africa? Speakers: Sato Takayuki, Resident Executive Officer & Regional Head for Europe, the Middle East and Africa, Japan Bank of International Cooperation, Japan Pamla Gopaul, Head, Policy Bridge Tank Programme, Economic Analysis and Foresight Unit, African Union Development Agency, South Africa Riatu Qibthiyyah, Director, Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia, Indonesia Almir Nascimento, Director of the International Relations Research Institute, Alexandre de Gusmão Foundation (FUNAG), Brazil Moderator: Anit Mukherjee, Senior Fellow, ORF America, United States of America