Briefing PaperPaola Subacchi and Stephen Pickford, October 2011
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The emergence of new economic powers in an increasingly integrated world economy has highlighted the need for better management of international interdependencies and reform of global economic governance.
Since 2008 the G20 has emerged as a key multilateral forum on the basis of its perceived effectiveness as a 'crisis committee' managing the global economic and financial turmoil. It is now turning into the world’s 'permanent steering committee' with a broader agenda including global imbalances, climate change, trade and development.
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