Saving the World

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Can the G20 do it:  Save the world?  

The Group of Seven, formed in the 1970s by the world's leading countries in response to the energy and economic crises of the time, played a positive role in coordinating global economic policies. But the influence of the organization began to decline in the late 1990s — coincidentally, about the same time Russia joined the organization in 1997. The G8 turned into a series of PR events devoid of any real substance.

Read the entire article here:  How the G20 Can Save the World

Much more hope is vested in the G20 as a body capable of filling the global-governance vacuum. This organization includes 19 countries, not all of which are the world's mightiest economically, plus the European Union.