ABSTRACT
Throughout the twentieth and twenty-first centuries, the development of the global economy has been punctuated by crises that have been explained in terms of the deficiencies of global economic governance, and responded to with revisions to that framework. In the shadows of the Asian financial crisis, meetings of the G20 group of finance ministers emerged from the G7 and G8 as it was agreed that “key emerging economies were insufficiently included in global economic management efforts” and subsequently, it was argued these meetings proved the G20’s “worth as a way of opening up and rationalizing the international dialogue”1 on global governance. In the wake of the global financial crisis that emerged in 2007, George W. Bush’s invitation to leaders of the G20 saw the finance ministers’ meeting of 2008 serve “as a prepatory session for the subsequent meeting at the leaders’ level”.2
