The G20 System Still Works: Better Than Ever

Abstract

Since its 2008 start, G20 summit performance has grown across a widening, more demanding, more domestically intrusive agenda, and across all the governance functions that such bodies have. This growing performance is due to proliferating shocks that exposed the new, equalizing vulnerabilities of all countries, the failure of older international institutions to cope, the rising capabilities and increasing openness of the non-G7 members, the domestic political cohesion that participants brought, and their rational attachment to a compact G20 club at the hub of a global governance network in an interconnected world.