November 2015

Advancing the G20 as the hub of global governance at the Antalya G20 Summit

The debate has long raged over whether the G20 can move from being a crisis committee to becoming a global steering committee. In the first four G20 summits, which took place in Washington DC in 2008, London and Pittsburgh in 2009, and Toronto in 2010, there was a clear imperative that the G20 would concentrate on the crisis committee component of its duties. Jolted into action by the collapse of Lehman Brothers Holdings Inc., the fallout from the implosion of the U.S. sub-prime market, and the collective dive of global stock markets and confidence, the G20 sought safety through a concert-like approach.