The Vital Turn of International Financial Governance Mechanism


The outbreak of financial crisis of USA in September caused severe threat to global economy. The G20 was advanced from ministerial meeting to summit conference. During the PIT Summit in 2009, G20 Summit was formally institutionalized and became the main institutional platform of international financial governance. The international financial governance mechanism experienced the great turn from the “G8/G7 period” to the “G20 period”.