Publication

Much ink has been spilled over the last two years on the role and potential of the Group of 20 leading economies meeting at leaders’ level. Since its launch, the relative success of the G20 in fighting the global financial crisis and averting a long economic recession has grabbed the headlines. Unregulated markets and reckless national policies had created unsustainable imbalances that sparked the crisis, but a new summit prototype had been designed; able to trigger collective action, coordinate stimulus packages and regulate finance. The G20 has indeed proven to be an effective crisismanagement mechanism.