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How many Gs are there in 'global governance' after the crisis? The perspectives of the 'marginal majority' of the world's states
International Affairs (Royal Institute of International Affairs 1944-)
Vol. 86, No. 3, Global economic governance in transition (May 2010), pp. 729-740
Stable URL: http://www.jstor.org/stable/40664278
Page Count: 12
You can always find the topics here!Topics: Governance, Developing countries, Finance, International cooperation, Trade finance, Economic crises, Government crises, Trade development, International politics, Meetings
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The G20 summit has recently emerged as the dominant agency of global governance. It claims that its economic weight and broad membership give it a high degree of legitimacy and influence over the management of the global economy and financial system. But the G20 still excludes from membership some 150 other countries, all of which have interests at stake within the contours of contemporary global governance. In the financial arena these excluded countries contributed significantly to the alternative agenda for dealing with the global financial crisis proposed by the United Nations conference that met in June 2009. In the trade arena they engaged extensively in a variety of coalitions within the World Trade Organization during the so-called Doha Round and played a part in preventing a deal emerging that was unsatisfactory from their perspective. Questions are raised about the legitimacy of the G20 by the active presence of so many other country voices outside its remit and it can be expected that the excluded 'G150' will increasingly explore different ways to engage with the members of the G20 over the next few years.
International Affairs (Royal Institute of International Affairs 1944-) © 2010 Royal Institute of International Affairs