Addressing Global Policy Challenges: The G20 Way in 2010 and Beyond
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In the wake of the global financial crisis, the Group of Twenty (G20), bringing together systemically important advanced and emerging countries, gained significantly in prominence. While up until 2008 G20 members had convened only at the level of finance ministers and central bank governors, G20 Leaders met for the first time in Washington in November 2008 after then U.S. President G.W. Bush had participated in parts of an extraordinary meeting – scheduled at short notice – of G20 ministers and governors on 11 October 2008. In the following year, Leaders convened in London and then in Pittsburgh where they designated the G20 to be the ‘premier’ forum for international policy cooperation. Another two G20 meetings at Leaders’ level took place in 2010 in Toronto and Seoul, respectively.