global governance means these countries have all blown their money, so the USA needs to team up with them to throw everything you own in the pot too.


http://www.usatoday.com/money/indust...-profits_N.htm

Quote:
"The G-20 has shown once again that governments from around the world can come together to agree on the global governance the new global economy needs," U.K. Prime Minister Gordon Brown said.

http://www.washingtonpost.com/wp-dyn...090502327.html

Quote:
The Group of 20 also pushed ahead with plans to reform the financial system, including taking tougher action against tax havens and giving developing countries a greater say in global governance.

If you read the full text of this NPR article, you'll probably think Ron Paul's fears of national security being used as an excuse to refuse a Fed audit are justified.
http://www.npr.org/templates/story/s...829960&ps=cprs

Quote:
"The crisis has underscored that advanced industrial economies on their own cannot deal with or solve all the global problems, and you need the emerging countries at the table as well," Froman says. "The G-20 has been very effective in mobilizing concerted action, and it does reflect a different approach to global governance."

This one is quite thorough:
"Is the G-20 Summit a Step Toward a New Global Economic Order?"
http://www.brookings.edu/papers/2009...ford_linn.aspx

Quote:
The global crisis has moved the United States, along with the rest of the world, toward a new global economic order, with the G-20 summit as one of the principal manifestations of the new global governance system. Of course, movement toward this new economic arrangement and progress toward reformed global governance are not inevitable. It will take a clear and sustained commitment to a new set of values and strong leadership, especially from President Obama and the United States, to ensure that the G-20 summit is not a short-lived exception to what had been a long-standing stalemate in global governance reform. The effectiveness of the G-20 in addressing the global economic crisis could lay the foundation for a new global order and provide the impetus for the many other necessary global governance reforms. Whether or not this happens will depend to a significant extent on the direction chosen by President Obama.

Quote:
Great changes in the economic and political balance among countries, global threats and an antiquated global governance system confront the world community today. With the economic crisis as an immediate driver and a new U.S. president, the G-20 summit format has the potential to make a real shift in the global economic order in which a new set of values underpin the way countries and people cooperate across borders. To the extent that President Obama has articulated his vision of the global order and America’s role in it, we believe he is headed in the direction that stresses common interests in a global society, the need for multilateral action and understanding for alternative approaches to economic and political development. This is very promising. The effectiveness of the G-20 in addressing the global economic crisis could lay the foundation for a new global order and provide the impetus for the many other necessary global governance reforms.

Koreans are getting in on the act
http://www.timesoftheinternet.com/112182.html

Quote:
Lee: G20 process should be permanent

SEOUL, Sept. 20 (UPI) -- The Group of 20 summit process should be institutionalized and made permanent to fight global economic problems, South Korean President Lee Myung-bak says.

Lee, whose country is pushing to host a future G20 summit after this month's meeting in Pittsburgh, wrote in article for the University of Toronto's G8 Research Center that leaders should look at how effective the group has been at addressing the crisis posed by the economic crisis and consider building on it, the South Korean news agency Yonhap reported Sunday.

"At the fourth G20 summit, the leaders should seriously consider the institutionalization of the G20 process as a means to strengthen global governance," Lee said. "I hope that the G20 leaders recognize the need to properly prepare exit strategies for future implementation in a timely manner when the global recovery takes a firm hold."