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.

This volume is the result of a 2013 conference held by the Asan Institute for Policy Studies (South Korea) on the 'middle power' countries of Mexico, Indonesia, the Republic of Korea, Turkey and Australia (MIKTA). Experts and policymakers discussed how members of the MIKTA can work to advance global governance in emerging global issue areas.

South Korea has emerged as a new middle power playing a significant role in a wide range of important global issue areas and supporting liberal international order with its leadership diplomacy. The growing role played by new powers like Korea calls into question the prevailing view that global governance is polarized with emerging powers challenging the liberal international order established by the United States and its European allies after World War II. As the case of Korea shows, large developing countries like the BRICS are not the only emerging powers active in global governance. Newly developed or high income developing countries like South Korea, Turkey and Mexico are also active emerging powers, taking new initiatives, setting agendas and mediating conflicts between rival groups on the global stage. Because these high income developing countries have advanced under and benefited from the liberal international order, they see a great stake in its stability and show a willingness to protect it. "Liberal internationalist" developing countries are joining the expanding list of middle powers who contribute to the maintenance of liberal international order as niche players and system supporters.

South Korea has emerged as a new middle power playing a significant role in a wide range of important global issue areas and supporting liberal international order with its leadership diplomacy. The growing role played by new powers like Korea calls into question the prevailing view that global governance is polarized with emerging powers challenging the liberal international order established by the United States and its European allies after World War II. As the case of Korea shows, large developing countries like the BRICS are not the only emerging powers active in global governance. Newly developed or high income developing countries like South Korea, Turkey and Mexico are also active emerging powers, taking new initiatives, setting agendas and mediating conflicts between rival groups on the global stage. Because these high income developing countries have advanced under and benefited from the liberal international order, they see a great stake in its stability and show a willingness to protect it. "Liberal internationalist" developing countries are joining the expanding list of middle powers who contribute to the maintenance of liberal international order as niche players and system supporters.

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