At G20 summit, all eyes on Trump-Xi. Sign of a new world order?

When world leaders came together for the first Group of 20 summit of the world’s industrialized economies in 2008, the task at hand was to unite in addressing the global economic crisis hitting large and small countries alike. The G20 summit, with a tip of the cap to the growing importance of emerging economies, joined the constellation of multilateral forums and institutions set up to allow world leaders to come together to hash out responses to global economic challenges. The G20 summit that kicks off in Buenos Aires Friday – to be held along a stretch of the Argentine capital fronting Río de la Plata and to include a glittering evening of Argentine culture in the city’s famed Teatro Colón – seems certain to underscore that while multilateralism may not be dead, it is in retreat.

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