In the NYT: The G-20 must get serious
“At the G-20’s September 2009 meeting in Pittsburgh, a framework for strong, sustainable and balanced global growth was adopted to ensure that fiscal, monetary, trade and structural policies were collectively coherent. The agreement was trumpeted as a milestone to improve international macroeconomic policy coordination,” notes an op-ed in the Sept. 18 New York Times, co-authored by Ernesto Zedillo, former president of Mexico and director of the Yale Center for the Study of Globalization.
“In reality, and unless a significant rectification happens soon, the Pittsburgh announcement could go down in history as the beginning of the G-20’s journey toward sheer irrelevance,” contend the authors, who also included Gordon Brown, former prime minister of Great Britain, and Felipe González, former prime minister of Spain.
Read the op-ed on The New York Times website.