The Critical Role of G-20 in Dealing with the 2008 Global Financial Crisis

  • Taufik T
  • Priangani A
  • Kumara G
  • et al.
N/ACitations
Citations of this article
12Readers
Mendeley users who have this article in their library.

Abstract

The G-20 strategy in overcoming the financial crisis has been declared on the agreement of 2008-2009 G-20 Summit with three meetings over that period (Washington, London and Pittsburgh). In handling the crisis, the G-20 was in collaboration with several institutions including the IMF, WB, FSB, OECD and MDB. G-20 was able to make good efforts both nationally and internationally while maintaining coordination based on five principles agreed in 2008 Summit in Washington. This paper focuses on the contribution of the G-20, both as a coordinating tool, as a direct actor on crisis management, as well as the role of member countries. The description of these issues will be divided into four sections, First, a brief look at the purpose of the G-20's establishment and the causes of the crisis as the background of this paper; Second, the G-20's contribution to the settlement of the global financial crisis; Third, a description of three outcomes of the G-20 (communiqués) agreement in 2008-2009 as the foundation of the global financial crisis handling strategy for both G-20 and related international institutions; and Fourth, the analytical part of the G-20 strategy which then produced the basic principles of crisis management on the problems in this study.

Cite

CITATION STYLE

APA

Taufik, T., , Priangani, A., Kumara, G. E., & Gupta, G. (2017). The Critical Role of G-20 in Dealing with the 2008 Global Financial Crisis. Jurnal Hubungan Internasional, 6(2). https://doi.org/10.18196/hi.62111

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free