Here’s How the G-20 Can Help Restore Our Faith That Globalization Can Mean Growth

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From Huffington Post, 

By Kishore Mahbubani Dean of the Lee Kuan Yew School of Public Policy

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.”

President Barack Obama, center, participates in a group photo with other leaders during the G20 Summit in Antalya, Turkey, Sunday, Nov. 15, 2015. Obama is attending the G20 Summit while on a nine-day foreign trip that also includes stops in the Philippines and Malaysia for other global security and economic summits. Joining Obama in the front row are, from left, China?s President Xi Jinping, Turkey?s President Recep Tayyip Erdogan, Brazil?s President Dilma Rousseff, and Russia?s President Vladimir Putin. (AP Photo/Susan Walsh)

Leaders pose for a photo at the G-20 Summit in Antalya, Turkey, on Nov. 15, 2015. (AP/Susan Walsh)

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