South Korea’s G-20 Challenge
When South Korea takes over the G-20 chairmanship from the United Kingdom on January 1, it will gain considerable agenda-setting power over global economic policy. At the top of its agenda should be financial-sector reform, greater progress on global rebalancing, and institutional efforts to boost the G-20's legitimacy and strengthen the influence of emerging-market members.
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BERKELEY – On January 1, South Korea takes over the G-20 chairmanship from the United Kingdom. Korea is not the first emerging market to chair the G-20, but it is the first to do so since the global financial crisis. And it is the first to do so since the G-20 emerged as the steering committee for the world economy.