This work offers a concise examination of the purpose, function and practice of the Group of Twenty (G20) summit. Providing a comprehensive historical account of the G20 Finance Ministers and Central Bank Governors process, the text then moves on to outline the conditions, events and debates that led to the formation of the permanent, expanded leaders’ level forum. The historical span of the G20 Summit process is not long, but the global transformations that precipitated it are crucial when seeking to understand it.
Cooper & Thakur explore a variety of major debates, including:
This work offers a detailed examination of the ongoing shifts in economic power and the momentum toward global institutional reform, illustrating how the G20 has moved from a crisis committee to the premier global forum over this short but intense history, and mapping out its comparative advantages and key challenges ahead.
Introduction 1. Rebalancing world order 2. G20 Finance as prelude 3. G20 competitors as reform options 4. Financial crisis as catalyst: From Washington to Pittsburgh 5. Consolidating or fragmenting the G20 6. The G20 between the dynamics of innovation and constraint 7. The G20 as the answer to the crisis of global governance
The "Global Institutions Series" is edited by Thomas G. Weiss (The CUNY Graduate Center, New York, USA) and Rorden Wilkinson (University of Sussex, UK).
The Series has two "streams" identified by their covers:
Together these streams provide a coherent and complementary portrait of the problems, prospects, and possibilities confronting global institutions today.