No, I don't think so. It's unique that presidents and PMs are attending the
meeting because of the financial crisis but I'm not sure if much has really
changed.

It's nice that they want to coordinate macro-economic stimulus progremmes and
reform the financial system. And I believe they will regulate hedge funds and
sanction tax haven countries. But I think they are thinking in terms of
operating independantly still.

Jan

--- In Democratic_globalization@yahoogroups.com, "pgreenfinch" <pgreenfinch@...>
wrote:
>
> Hi, global members and visitors!
>
> The London G 20 meeting, yesterday April 2nd 2009, is
> considered by some as an historical advance to world
> political unity, at least in economic and financial
> matters.
>
> It is true that it brought a few economic and financial
> advances, some only symbolic, some with real substance,
> But let us see how long the psychological effect to
> reestablish some economic confidence will last.
>
> It can also be considered as bringing some progress towards
> world governance. But the G20 stays an intergovernmental
> outfit, not a real world institution, without its own
> means that would make its decisions become operational.
>
> Well, the IMF got some added powers and means. But
> bizarrely the monetary issues, which are crucial and
> are supposed to be its area, were not even addressed.
> The world does not have monetary governance, which
> is dramatic considering the responsibility that
> the wild US dollar creation had in the twin crisis
> (the financial one and the economic one).
>
> Above all what we did not see were any steps, not even
> stated intentions, towards a democratization of the
> existing world institutions.
>
> When will ordinary world ordinary citizens be represented
> as such in global political institutions?
>
> The G 2O, a summit? Well, a little hill. It was not
> easy to climb, we have to admit. But we still have
> a lot more to climb to reach global demcratisation!
>
> Peter
>