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Thursday 17 Aug 2017 | 05:44 | SYDNEY
Thursday 17 Aug 2017 | 05:44 | SYDNEY

More on Bush and the G20

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13 November 2008 14:59

Shiro Armstong at East Asia Forum has misunderstood the point I tried to make yesterday about President Bush and the G20. I can see how he might, so let me try to state it more clearly.

I did not mean to argue that Bush was responsible for getting China into the G20. What I meant to say was that, by convening the G20 to address the financial crisis, Bush had potentially made an important move toward setting in place a concert of powers for the 21st century.

Shiro ends his post by saying that 'George W is not the one calling the shots anymore'. I think that's an exaggeration, but it still gets at the point I was clumsily trying to make. By choosing the G20 rather than the G7 or some other institution, Bush has acknowledged that China and other developing economies are going to be critical to resolving the current financial mess. And if the G20 performs well in this instance, we may just see it develop as an important institution for peacefully managing the new global order. 

If all that comes to pass (and that's a lot of 'ifs'), we might owe President Bush a debt of gratitude. That's all I meant.

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