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G20 at the crossroads: Clash or cooperation?

Reflections on the recent Seoul Summit

Two years ago, the group of the world’s 20 major economies (the G20) announced their shared ambition: to manage the global economic crisis more efficiently and more transparently than the old industrialized nations (G8), and to prevent further financial market crises or economic downturns. Only two years later, the G20 now stands at a crossroads, write Rainer Falk and Barbara Unmüßig.

 

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At the Group’s summit meeting in Seoul on 11 and 12 November, selfish interests surfaced, pushing the group’s previous willingness to cooperate almost into the background. There was talk of currency wars as well as of an impending crisis with collapsing trade comparable to those of the 1930s ...


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Declining and privatizing: German aid under Niebel / The failure of the International Monetary Fund

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