ABSTRACT
In the rapidly globalising world of the twenty-first century, where will the centre of global economic governance effectively lie? The answer importantly depends on which intergovernmental institutions, each with its distinctive values, mandate, and membership, will prevail in the emerging order. It depends, more precisely, on the impact of newer bodies, led by the G20 and the International Monetary and Financial Committee (IMFC), to set new directions as they struggle to secure a unique role in a world long dominated by the well-established institutions of the G7, the International Monetary Fund (IMF), and the latter’s Executive Board.
