In his closing remarks, the former Minister of Foreign Affairs made reference to the transformations occurred on the international scene, mainly, fragmentation of power and the strong interdependence among a wide variety of stakeholders. Ensuring legitimacy of multilateral institutions lies in two keys aspects: the effectiveness that these institutions demonstrate and their ability to include and integrate other actors. Carlos Westendorp noted the important role that the G20 can play in organizing the traffic on international economic relations. Indeed, Club of Madrid and FRIDE (Fundación para las Relaciones Internacionales y el Diálogo Exterior), working closely with the Korean presidency of the G-20, have decided to join forces to help address the challenges faced by the Presidencies of the G-20 in the reform of the international governance system.
The Seminar, held in the headquarters of the Ramon Areces Foundation in Madrid, had the participation and attendance of high-level representatives from governmental, non-governmental and different academic institutions. The high-level participants included Angel Gurría, Secretary General of the OECD, and Pedro Solbes, former Vice President and Minister of Economy and Finance of Spain.
For further information on this Seminar, please visit the Web page of the Ramon Areces Foundation.