A new G2 in Asia to help steer the way

We have a financial crisis that has forced any traditional superpower to understand that the emerging economies must be given a more important role when global economic policy is being developed. So far this has resulted in G8+5, a bigger role for G20 and a number of crisis meetings.

But the financial crisis is nothing more than the tip of an iceberg and much more is needed. Below the surface we have a number of trends that require a dramatic change in how the current global governing system works, including the Bretton Woods institutions that were created after World War II.

The firm action that the current financial crisis requires is a perfect opportunity to begin looking toward a new global architecture. At the very center of this architecture are two different G2's that will play a very important role.