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G-20 presents unique opportunity to do better

Despite the grouping's unwieldy arrangement, it is the best we have to tackle the long list of global governance deficiencies.

US President Barack Obama speaking at a news conference at the G-20 summit in Brisbane. The central fact is that G-20 is the meeting which brings together the top world leaders; G-7 no longer represents the global power realities.

THE world needs more global governance than it has at present. At the same time, sovereign countries are reluctant to cede power to a supra-national body. As a result, there are big differences of opinion about just what form this global governance should take.

When G-20 (Group of 20)...

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