News Snapshot:
Russia’s invasion of Ukraine crystallises key shifts underway in global governance. Among others, it will cripple the G20 and elevate the G7. The G20 leaders process was born in a unique moment in history, the foundations for which have now collapsed. Just as G7 leaders started meeting at a time of global economic upheaval with the collapse of the Bretton Woods system in the 1970s, the first G20 leaders’ summit in November 2008 took place in Washington amid a changing global economic landscape as the world came together to fight the 2008 financial crisis. The G7 recognised their economic clout...
