Abstract
Ever since the Great Financial Crisis (GFC) of 2008-2009, the Group of 20 (G20) has emerged as one of the most signicant international organizations. Most experts consider that it has eclipsed the Group of Seven (G7) when it comes to global economic and nancial governance issues, signaling a dramatic shift in the world economy away from Western dominance (embodied in the G7) and the empowerment of the emerging powers of the developing world. According to Economist Barry Eichengreen (2009): Whether the task is developing ideas, reaching consensus on their desirability or moving from ideas to implementation, the G20 which has working groups active in all these areas is where the action is. The G7 is dead; may it rest in peace.
Original language | English |
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Title of host publication | Routledge Handbook of Russian Foreign Policy |
Publisher | Taylor and Francis |
Pages | 367-376 |
Number of pages | 10 |
ISBN (Electronic) | 9781134994168 |
ISBN (Print) | 9781138690448 |
DOIs | |
Publication status | Published - 1 Jan 2018 |
Externally published | Yes |