BERKELEY – On January 1, South Korea takes over the G-20 chairmanship from the United Kingdom. Korea is not the first emerging market to chair the G-20, but it is the first to do so since the global financial crisis. And it is the first to do so since the G-20 emerged as the steering committee for the world economy.
G-20 chairs can have considerable influence. They coordinate the group’s work. They organize its meetings. Like most committee chairs, they have significant agenda-setting power.