The Risk Tsunami
Several significant risks to global economic stability and prosperity must be addressed urgently. And yet the G-20's cooperative approach at the outset of the crisis is devolving into an array of often-heedless unilateral actions by its members.
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NEW YORK – It is time for the G-20 to take seriously its mandate to agree on steps to stabilize the global economy and launch it on a more sustainable pattern of growth. Instead, the G-20 is behaving like a debating society, with the cooperative approach that it fostered at the outset of the crisis devolving into an array of often-heedless unilateral actions by its members.