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Instead, a world order led by the United States stumbled into the 2008 global financial crisis and appears to be on course for another one. This suggests there could be an opening for a new regional organisation – one that is more centred on China or Japan and which can bring the political, economic and financial stability the US under President Donald Trump is unable to provide. By the time the G20 was launched, the post-war Group of Seven (G7) nations – Canada, France, Germany, Italy, Japan, the United Kingdom and the US – had become increasingly unrepresentative of the…
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