The fact that the G20 is a tool for the civilised dismantling of the existing order rather than their renewal does not mean its immediate death
... ... international affairs after the World War II. Another thing is that the UN still tried to live its own life, and now the presence of Russia and China in its “Areopagus”, i.e. among the permanent members of the Security Council, creates the appearance that ...
... in recent years. In short, the onset of the global economic downturn demolished the economic hegemony of advanced countries. The crisis proved that G8 was no longer an effective forum of global policy coordination and it is increasingly replaced by G20. Despite the ongoing redistribution of power, however, emerging countries particularly Russia and China are often portrayed as a threat to the existing regimes of global governance, both in political and economic terms.[3]
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In my view, contemporary scholars as well as concerned citizens and business persons must be cautious of buying such story of threat and fear....