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In the wake of the financial crisis, the United States is no longer the leader of the global economy, and no other nation has the political and economic leverage to replace it. Rather than a forum for compromise, the G-20 is likely to be an arena of conflict.
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This is a good article. Got a lot of play at Davos. We have been taking a deep look at the G20 for the New Seven Revs presentation, particularly looking at the top 150 words of G20 Communication. Here are some of the word clouds we generated, 1999-2007: http://www.wordle.net/show/wrdl/3036182/G20_Communiques_(1999-2007 and 2008-2010: http://www.wordle.net/show/wrdl/3036001/G20_Communiques_%282008-2010%29 You will notice that the tone has changed considerably. Globalization was not mentioned even once between 2008 and 2010.
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Seems to me there are a couple of interrelated ways to approach the governance revolution: (1) challenges to individual states (including discussion of failed states) and to the state as the primary actor on the world stage, and (2) changes and challenges in global governance (e.g., rise of the BRICs, or maybe BICs now that Russia seems to be under-performing).
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