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The outbreak of the global financial crisis in 2008 precipitated the G20’s institutional upgrading.With the lapse of three years,the G20 is now in an institutional transition from being an effective mechanism in response to the global financial crisis to becoming an important platform for promoting international
The outbreak of the global financial crisis in 2008 precipitated the G20’s institutional upgrading. Whilst the lapse of three years, the G20 is now in an institutional transition from being an effective mechanism in response to the global financial crisis to becoming an important platform for promoting international