Abstract
The major global financial crises of 1997 and 2008 demonstrated the need for multilateral economic cooperation and prompted the creation and growth of the G20 forum. Made up of leaders of advanced and emerging economies, the G20 promotes discussion and collaboration on how to mitigate the amplified effects of financial shocks on the increasingly interconnected and interdependent global economy. Within this multilateral body, the middle powers have the potential to play an important role in mediating the opinions of different economies and ensuring that global financial measures are comprehensively adopted by all. While numerous obstacles still inhibit the formal setup for middle power cooperation, there are several areas of financial regulatory reform that can bring middle powers together and lend them the opportunity to facilitate effective dialogue among the G20 members.
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Notes
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© 2015 Mo Jongryn and The Asan Institute for Policy Studies
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Heenam, C. (2015). Middle Power Cooperation and Related Issues in the G20. In: Jongryn, M. (eds) MIKTA, Middle Powers, and New Dynamics of Global Governance: The G20’s Evolving Agenda. Asan-Palgrave Macmillan Series. Palgrave Pivot, New York. https://doi.org/10.1057/9781137506467_5
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DOI: https://doi.org/10.1057/9781137506467_5
Publisher Name: Palgrave Pivot, New York
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