G20, IMF and WTO in Turbulent Times

Legitimacy and Effectiveness Put to the Test

27/08/2012 | by Katharina Gnath, Claudia Schmucker, Stormy-Annika Mildner

SWP Research Paper 2012/RP 10, August 2012, 37 Pages

Category: Economy and Finance, IMF, World Bank, G8/G20

The global economic and financial crisis made clear how important it is to have an effective system of international economic governance. The G20 took a key role in the management of the crisis, however, the International Monetary Fund (IMF) and the World Trade Organization (WTO) were also important. How well did these institutions deal with the crisis?

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