G-20 Summit Passes the Buck: Part I

Editor’s note: This is the first of a two-part series on the G-20. Part I examines efforts to rebalance the global economy. Part II will appear tomorrow and will examine efforts to reform the global monetary system. Over the weekend, G-20 finance ministers met in Paris to discuss steps on how to address persistent global current account imbalances that some fear could send the global economy back into recession. From the outset, the meetings reinforced what we already know about the group: Preferences among the members are incredibly diverse, making progress toward cooperation painfully slow. This is exacerbated by the […]

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