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The G-20: a pathway to effective multilateralism?
The emergence of the G-20 as the primary forum of world economic cooperation is one of the most significant developments in global governance in the twenty-first century. It is linked to the ongoing transformation of the world order as well as the recognised need to find global solutions to problems which are progressively acquiring global dimensions. Against this background, the emergence of the G-20 has been seen as providing further evidence of the increasingly multipolar order and signalling the end of the West’s domination of the world economy and politics. On the other hand, it has been viewed as a response to the increasing interdependence forged by globalisation. Relatedly, its development has been associated with a poorly functioning global governance system. While the future of the G-20 is still unknown, an analysis of its evolution is useful to assess its importance and impact for global governance and multilateralism.