It Is a G‐Zero,Not a G‐20, World |
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| Authors: | NOURIEL ROUBINI |
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| Institution: | Chairman of Roubini Global Economics (http://www.roubini.com), professor of economics at New York University's Stern School of Business and co‐author of Crisis Economics: A Crash Course in the Future of Finance. This is based on an article co‐authored with Ian Bremmer and published in the March‐April issues of Foreign Affairs (http://www.foreignaffairs.com/gzero20711). |
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| Abstract: | The G‐20 supplanted the G‐8 as the executive committee of globalization as the emerging and advanced economies came together in the wake of the Wall Street crash to stave off depression. Now, each country is going its own way. In this section we examine whether the G‐20 can be saved, and what the countries within it must do to bring the global economy into balance. |
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