by Professor John Kirton, Co-director, G20 Research Group; Director, G8 Research Group, University of Toronto
www.g20.utoronto.ca | www.g8.utoronto.ca
Background paper prepared for a presentation at the session on “What Is the Way Forward for the G20?” for a conference on “From the G8 to the G20 and Beyond: Setting a Course for Economic Global Governance,” Chatham House, London, May 9, 2013.
The current conventional wisdom holds that the G20 summit has been in decline since its high-performing, crisis-inspired start in 2008-09 and that the G8 summit is destined to disappear as a consequential global economic governance forum, due to the arrival of the G20 one. However, the evidence shows, in fact, that both the G20 and G8 are effective in addressing global economic issues, are working well together in this regard and would do so more if some feasible institutional, but not organizational reforms were made.