-
G7 finds new purpose as G20 takes back seat
Over 11-13 June, G7 leaders are meeting in Cornwall, UK. This gathering highlights renewed G7 vigour and clout, with a UK presidency committed to action, the first public international outing for multilateralist President Joe Biden and increasing US and European concerns about Chinese and Russian behaviour. Meanwhile, one hears little about the G20. It wasn’t supposed to be this way. Amid the 2008 financial crisis, G7 leaders and finance ministers realised they no longer had the heft to manage the world economy alone. Emerging markets, symbolised by the BRICS countries (Brazil, Russia, India, China and South ... (full story)