The 2014 G-20 Summit: Maximising Growth, Revenue and Stability

This briefing by the South African Institute of International Affairs examines the agenda of the 2014 G-20 Summit hosted by Australia, focusing on the interconnectedness of global economic growth, resilience, and development.

• The G-20 has emerged as the only legitimate forum for global economic management due to the paralysis of multilateral trade negotiations under the World Trade Organisation, the entrenched positions of Great Powers in the United Nations, and a lack of reform in the International Monetary Fund and World Bank to reflect the rise of developing world economic power.
• Under the 2014 Chairmanship of Australia, the G-20 is focusing on growth and resilience. In February 2014, Finance Ministers and Central Bank Governors aimed to increase G-20 GDP by at least 2 per cent above projected levels over five years, which could potentially add millions of jobs and over $2 trillion to global GDP. This goal is to be pursued via a 'Brisbane Action Plan' involving national growth strategies that target infrastructure investment, competition, employment, and the reduction of trade barriers.
• To ensure global financial stability and protect against future shocks, the G-20 is pursuing a broad set of reforms including the revamping of the international tax system, financial regulation reforms, improving the operation and resilience of global energy markets, addressing corruption, and making global institutions more representative.
• Development is a core G-20 priority, as two thirds of the global poor reside within G-20 nations. The Development Working Group, established at the 2010 Seoul Summit, focuses on the role of economic growth in poverty reduction and aims to align with the Post-2015 Development Agenda.
• South Africa views the 2014 Summit as critical for its own development goals, specifically the National Development Plan's target of average GDP growth over 5 per cent, contrasted with 2014 estimates of 2 per cent. Additionally, African policymakers seek to ensure that global recovery is inclusive and that the region's growth remains sustainable for structural economic transformation.

APA

South African Institute of International Affairs (2014). The 2014 G-20 Summit: Maximising Growth, Revenue and Stability. https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/

Chicago

South African Institute of International Affairs. The 2014 G-20 Summit: Maximising Growth, Revenue and Stability. 2014. https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/.

Wikipedia

{{cite report |author=South African Institute of International Affairs |title=The 2014 G-20 Summit: Maximising Growth, Revenue and Stability |date=11 November 2014 |url=https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{southafricaninstituteofinternationalaffairs20142014, author = {{South African Institute of International Affairs}}, title = {{The 2014 G-20 Summit: Maximising Growth, Revenue and Stability}}, institution = {South African Institute of International Affairs}, year = {2014}, month = nov, url = {https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }