Time to Deliver: The Group of 20 at the Crossroads
Between Toronto and Seoul
The summit meeting of the Group of 20 most important industrialised and emerging countries (G20) in Toronto on 26-27 June 2010 reminded us that even extended informal management bodies in the global economy can only be as good as their member governments. Since the Pittsburgh summit last autumn there has been virtually no recognisable progress in the field of international cooperation, Rainer Falk analyses.
IIn Pittsburgh the G20 had loudly proclaimed itself “the premier forum for our international economic cooperation”. But that was big talk. Especially with regard to the central issues of the reform of international financial markets—the actual motivation for elevating the G20 to summit status—it provides parallel action at best, at worst competing concepts ...
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