Initial prospects for the G20 looked promising. At the London Summit in April last year, leaders said they would implement stimulus packages for their individual economies.
The G20: Short of Steam
As G20 governments prepare to meet in Toronto this month, has this young group already passed its high point? In November 2008, when the international economy perched on the brink of collapse, the leaders of the twenty leading economies were invited to Washington by then United States President George Bush to discuss possible measures to address the financial meltdown. Yet eighteen months and three fairly successful summits later, the process appears to have run out of steam.