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Economy, refugees, Chinese expansionism, cybersecurity top summit agenda

 

The biggest issues at the G7 Summit have been how to get the global economy humming again; the refugee crisis in Europe and the Mideast; Chinese expansionism in the East and South China Sea, and cybersecurity. Read this link.

The last item has been a priority of The Boston Global Forum this year. BGF experts have presented their proposals on how to improve cybersecurity in particular and cyberbehavior in general to the G7 leaders. Indeed, a key part of the BGF’s BGF-G7 Summit Initiative is its Ise-Shima Norms for cyberbehavior, named for the location of the summit.

As for the refugees: European Council President Donald Tusk said on Thursday he would seek G7 support for more global aid for them.

“If we (G7) do not take the lead in managing this crisis, nobody would,” Mr. Tusk told reporters. A flow of migrants to Europe from Syria, other parts of the Mideast and Africa confronts the continent with its biggest refugee crisis since World War II.

In a closing communiqué, leaders were also expected to cite the importance of maritime security, including calling for respect for the rule of law and opposition to provocative acts that try to change the status quo by force – in a clear reference to Chinese expansionism.

Although full agreement on macro-economic policy looks difficult, the G7 leaders are expected to promote monetary, fiscal and infrastructure policies to spur growth in the final summit communiqué.

Britain and Germany are resisting calls for fiscal stimulus, and so Japanese Prime Minister Shinzo Abe will urge the G7 leaders to adopt a flexible fiscal policy, taking into account each country’s economic and political situation.