The "global executive"

The news blog Rue89 analyses the future of the G8 meeting: "For a long time the G8 summit has conveyed the fantasy image of a 'global executive'. Today the leaders of the world's major industrial states will discuss whether their structure has any meaning at all in the absence of emerging economies like China, India or Brazil. ... The G8 summit that opens today on Hokkaido is perhaps the last of its kind. ... The absence of the emerging markets ... makes this club of white executives increasingly anachronistic. ... [Nevertheless] the real question is: why enlarge the G8? ... The United Nations Organisation has more legitimacy than the G8 - or G20 - to be the 'global executive'."

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