Power Shift in Global Economic Governance
The G20 faces mounting pressure from developing nations demanding greater representation in global economic decision-making. Countries across Africa, Asia, and Latin America argue the current structure doesn't reflect their growing economic importance.
Historical Imbalance Challenged
Since its 1999 founding, the G20 has been dominated by wealthy nations despite representing 85% of global GDP and 56% of the world's population. The 2023 inclusion of the African Union was a step forward, but Global South leaders say it's insufficient.
"The current architecture perpetuates colonial-era power dynamics," stated Nigerian Finance Minister Zainab Ahmed. "We bring solutions to climate change, debt crises, and supply chain resilience that deserve equal consideration."
2025 Reform Momentum
Under South Africa's presidency, the G20 is focusing on solidarity, equality and sustainability principles. The July 2025 BRICS summit declaration explicitly demanded "greater Global South participation commensurate with economic weight."
Key demands include:
- Permanent African Union voting rights
- Debt relief mechanisms for climate-vulnerable nations
- Reformed IMF quota systems
Resistance remains from some traditional powers, but experts note the bloc's combined $45 trillion GDP gives leverage. "The Global South isn't asking for charity," said economist Jayati Ghosh. "They're demanding rightful participation in shaping rules affecting their economies."