Carnegie Endowment for International Peace
The G-20 fell well short of an adequate response to the grave global economic situation at its summit in London this week, but took a big step in recognizing the increasing significance of developing economies in the global economy and reflecting their interests.
On economic and military issues, Europeans typically want to be left in peace. It remains to be seen whether President Obama will be able to drag Europe out of its comfort zone with his calls for bold action.
China wants to look like a leader at the G20 summit by highlighting the extent of its stimulus package ($586 billion) as well as the relative health of its financial system.
Global depression is not the most likely scenario to result from the financial crisis, but it's foolish to ignore the possibility. At the G-20 meeting this week, leaders must increase domestic stimulus measures, triple the IMF's resources, and renew their commitment to avoid protectionism.
Fabrice Pothier explains the scale of the the opium problem in Afghanistan and argues for a decoupling of counter-insurgency and counter-narcotics operations.
Britain's policy change towards Hizbullah is a step in the right direction. Preconditions from Beirut should not be laid down.
Although recovery from the global financial crisis will likely occur in 2010, forecasts are imperfect and great economic damage has already been done. Leaders at the upcoming G20 summit must adopt more ambitious and coordinated policies to address this crisis.
Ahead of April’s G20 summit, French Prime Minister François Fillon urged policymakers to pursue economic recovery and financial regulatory reform simultaneously.
Les participants de la réunion du G20 le 2 avril à Londres devront apporter des réponses concrètes articulant la reforme du secteur financier international avec des actions de relance économique, a déclaré François Fillon, Premier ministre de la République française.
As the financial crisis deepens, resisting protectionist pressures is imperative, not just for long-term economic health, but for near-term recovery.