Abstract
The most important development in global economic governance since the global financial crisis began in 2008 has been the emergence of the G20, a group of 20 major developed and emerging economies, as the focal point of global efforts to manage the ongoing global financial crisis and prevent future crises. After a series of successful summit meetings, the G20 has been formally recognized as the premier forum for international economic cooperation and now sits at the apex of the global economic governance system, coordinating not only national economic policies but also activities of international financial institutions such as the International Monetary Fund and other economic organizations.
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Notes
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© 2013 G. John Ikenberry and Jongryn Mo
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Ikenberry, G.J., Mo, J. (2013). Middle-Power Leadership and the Evolution of the G20. In: The Rise of Korean Leadership. Asia Today. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137351128_2
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DOI: https://doi.org/10.1057/9781137351128_2
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-46868-3
Online ISBN: 978-1-137-35112-8
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