This is not a G7 or G20 but a G-zero world, and President Obama/Romney must learn to make the most of it.
It would be a lonely summit if so, for the G7 heads of state have agreed to meet on their own, without Russia, in June.
So are we watching the emergence of a G7 versus BRICS world?
Perhaps the G7 leaders know the Munich story, but it appears their history books are missing the following chapters.
Since 1998, the G7 had been widened to include Russia—part of a broader effort to embed Russia in a stable international order.
Taking center stage in The Hague was the recreation of the G7 as a unified western bloc.
That is substantial progress, especially when compared with the G7 average ratio of deficits-to-GDP projected to be −4.0 for 2014.
If the West was reconsolidating in the form of the G7, Russia tried a different tack to shore up its international defenses.