The world financial crisis has acted as a quick and efficient catalyst to the G-20. But, despite its recent achievements in advancing multilateralism and coordinated global action, the G-20 remains very much a work in progress β and one that needs much work to succeed, as its most recent summit in Toronto showed.
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MADRID β The world financial crisis has served as a quick and efficient catalyst to the G-20. The first three G-20 summits of chiefs of state, in Washington, London, and Pittsburgh, will be remembered for advancing multilateralism and coordinated global action. But the G-20 remains very much a work in progress β and one that needs much work to succeed, as its most recent summit in Toronto demonstrated.