Fallout from Ukraine threatens the G-20's future

If the group becomes impotent, that would underscore the reversal of globalisation at a time when the G-20’s work is badly needed

The Group of 20 leaders' meeting in Rome, in October 2021. ST PHOTO: LIM YAOHUI
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(FINANCIAL TIMES) - In the last decade, the geopolitical club known as the Group of 20 (G-20) has seemed like an idea that is worthy - but dull.

During the 2008 financial crisis, the doughty group (which represents 80 per cent of the global economy) briefly found fame and relevance by forging a collective response to quell the crisis. Since then, it has championed sensible reforms in areas such as financial regulation.

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