Résumé
Emerging economies are now directly implicated; their economies are being damaged by a decade of G7 governance failures in financial markets. This changes the type of political guidance that is needed now from the G20. A perverse feedback between recession and protectionism is no longer an historical reminiscence of the 1930s, but a possible scenario today. What G20 leaders did at the London Summit was useful, but they should do more. They should try to get out to front of the crisis and take concrete steps to retire the spiral never gets started.
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Extrait
Responsibility Lies with the G20
In the past six months, that 'landmine crisis' has become a 'cluster-bomb crisis', throwing recession-induci...
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