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Two years after the outbreak of the global financial crisis in 2009, the Asan Institute for Policy Studies invited a group of distinguished policymakers and scholars to a conference in Seoul to discuss the politics of the G20. Entitled 'Middle Powers and Caucusing in Global Governance: Do Middle Powers Need Their Own Summit?,' the conference was an attempt to better understand the internal politics and dynamics of the G20 so as to articulate a path for its future development. This volume reflects the diverse perspectives presented on each of the major governance groups that contribute directly and indirectly to the G20 political process. It examines how the various groups interact and what the outcomes have been of such interactions. A fresh conceptualization of a G20 system composed of groups of nations that can both balance against, as well as support, one another is presented. Of particular importance is the role of middle-power nations such as South Korea, Canada, and Australia as bridge-builders between the North and the South, the G7/8, and the BRICS. The Asan Institute for Policy Studies is an independent think tank located in Seoul, South Korea, that provides innovative policy solutions and spearheads public discourse on many of the core issues that Korea, East Asia, and the global community face. The goal of the institute is not only to offer policy solutions but also to train experts in public diplomacy and related fields in order to strengthen Korea's capacity to better tackle some of the most pressing problems affecting the country, the region and the world today.