G20 at the Critical Juncture. Indonesia’s 2022 Presidency: Internal and External Shocks, Risks of Power Rebalancing and Eventual Demise, Causes of Resilience and Re-Equilibrium

The 2022 Indonesian presidency was a critical juncture in the history of Group 20 (G20). Indonesia took over at time when surging tensions between U.S., China and Russiaimpeded concerted action by G20 essential to secure sustainable equitable recovery long-term growth. Following launch special military operation Ukraine, 7 (G7) put immense pressure on expel Russia from activities. Emerging market countries wanted remain member regarded as an effort enhance G7’s dominance forum’s decision-making. Their choice favour G20, which can cooperate institute equally owned emerging advanced countries, thus driving reform restoring multilateralism. deeply split. managed save agenda ensured that remained premier forum cooperation economies voice negotiating table strong pluralism prevailed. This article analyses how survived crisis activated exogeneous endogenous shocks whether it transformed course this juncture. presents qualitative case study dynamics 2022, tracing interactions interdependent variables—actors, institutions, agendas. applies systemic process analysis content key actors’ narratives. starts with review G20’s state-of play presidency’s takeover Italy examines new agenda. It then outlines main challenges world faced early just before eruption crisis. goes explore within roles played presidency, G7, BRICS group formed Brazil, Russia, India, South Africa. author focuses endeavor Joko Widodo’s team steer through external pressures internal confrontations, forge collective decisions priorities, institution catalyst for global economic recovery, advance would respond developing countries’ interests. concludes summing up variables affecting performance development causes its resilience.