Recalibrated but still contested

Abstract

Abstract The image of the institutional response to the 2008 Global Financial Crisis as a twenty-first-century recalibration of concertation is fraught with disputation. By classical standards, the kind of institutionalization elevated by the G20 leaders’ process falls short. The club-like state-based plurilateral format was not composed of status-ranked great powers but an array of countries that fit into the structurally important category. While this view fully recognizes these differences, to suggest a complete disconnect between the G20 and the institutional concert format is misleading. This chapter extends the analysis contrasting the array of critical interrogations of the G20 in comparison to the comparative neglect by institutionalist international relations.