From Huffington Post,
SINGAPORE — The G-20 process is stalling. It needs a big kick in the butt. China should deliver it at the upcoming meeting in Hangzhou this coming weekend.
What’s the proof that the G-20 is stalling? Simple: the global economy is stalling. Since the G-20 summit was first held in 2008, with the explicit mission to “work together to restore global growth,” it has failed in its core mission. Indeed, the prospects for global economic growth have never looked so gloomy — Larry Summers recently suggested that we are stuck in “secular stagnation.”
“The zero-sum calculations that plague geopolitical thinking are preventing rational economic cooperation among G-20 nations.”
Leaders pose for a photo at the G-20 Summit in Antalya, Turkey, on Nov. 15, 2015. (AP/Susan Walsh)
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