G20 can't afford to forget global economy

Although terrorism is likely to be a main talking point at the G20 summit in Turkey's southwestern seaside city of Antalya, and Francois Hollande has announced he will not attend, the planned discussions on the three main themes, "inclusiveness, investment and implementation", will still take place.

Comprised of the 19 leading economies and the European Union, the G20 accounts for more than 85 percent of the global economy, therefore, the G20 leaders are obliged to step up their coordination, particularly the major powers, with regards to strengthening the global economy and making it more inclusive and sustainable, deepening the dialogue and cooperation between G20 countries and developing economies, increasing investment, and the implementation and follow-up on commitments.

Almost 50 percent of the world's impoverished people live in non-G20 countries, and all emerging markets have more or less fallen prey to a constant decline in their growth since 2010, even though they, especially the members of BRICS (Brazil, Russia, India, China and South Africa), played a key role in saving the global economy from further deterioration during the major financial crisis that swept the world.