World leaders are gathering in New Delhi for a summit to cap off India’s presidency of the Group of 20. In an era in which geopolitics are back with a vengeance and international cooperation is at a standstill, one must ask, what is the value of the G20?
Having first emerged in the aftermath of the 1997 Asian financial crisis, the G20 was initially designed to put out economic fires. The forum took on new importance in 2008 and was elevated to leader-level summits with the emergence of the global financial crisis. At the time, it worked.
