From G-7 to the L20 - the evolution of management at the global level Cover Image

Od G-7 do L20 – ewolucja zarządzania na poziomie globalnym
From G-7 to the L20 - the evolution of management at the global level

Author(s): Marek Rewizorski
Subject(s): Politics / Political Sciences
Published by: Instytut Zachodni im. Zygmunta Wojciechowskiego

Summary/Abstract: The article traces the evolution, activity and prospects of functioning of G-7, G-8 and G-20 – formulas of global cooperation that play an immensely significant role in shaping the emerging model of global governance. The author assumes that global governance means transferring onto the highest level the activity proper to governments with the difference that their competences of power are replaced by the activity of the so called controllers understood as the entirety of formal institutions, regimes and informal forums of exchange of information, experiences and of reaching compromise. Among the latter in the 1990s emerged G-7 which over two decades later transformed into G-8. Initially, this informal forum of dialogue dealt with financial matters but subsequently began to expand its agenda to economic issues and eventually to political concerns. Following the changes induced by the Asia crisis of 1997 and then the financial crisis of 2008 a new element of global governance architecture appeared, i.e. G-20. Since 1999 this group has operated on the level of finance ministers and central banks managers, joined in 2008 by state leaders.

  • Issue Year: 344/2012
  • Issue No: 04
  • Page Range: 225-244
  • Page Count: 20
  • Language: Polish