| Publication |
2013.
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| Summary/Abstract |
EARLY IN THE 21ST CENTURY, global economic growth was in high gear and multilateral while national financial institutions pretty much lagged behind in responding to real sector demands and social challenges. The crisis of 2008-2009 was the natural reaction to the shortcomings in managing global changes; with the U.S. as the epicenter of occurrence, and the subsequent European wave of its spread, the turmoil affected, in some degree or other, all countries of the world. So strong had the interdependence of the different economies proved to be that American and European consumer behavior took its toll on the incomes of people in many countries. The fear of a global depression prompted leaders of the world's major economies to the collective search for solutions in the Group of Twenty negotiations. Within the span of four years, the leaders of the countries forming this group met seven times, and their last summit was held in Mexico. In December 2012, Russia will head up the Group of Twenty, which increases world interest in our country, its conceptual approaches and its G20 priorities for the period ahead. At the same time, there is a growing interest in Russia for information about the Group of Twenty, the prerequisites of its formation and the prospects of its evolution, and about the experience of conducting summits in other countries, especially of the last Mexican presidency; we will attempt to satisfy this interest in our article.
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