AIF Blog

Are we Moving from G20 to G-Zero?

Nov 08, 2011

The G20 Summit in France wrapped up over the weekend. And while the European financial crisis dominated the talks, larger issues prevail. Read more news coverage.

Nouriel Roubini, co-founder and chairman of Roubini Global Economics and professor at New York University's Stern School of Business, spoke this summer at Aspen Ideas about the crippled G20. "We are in a world that has officially moved from G7 to a G20 world," says Roubini. "But the way I describe it is a G-Zero world, because on all these issues — monetary and fiscal policy, exchange rates, energy and food security, global climate change, and trade — there are more disagreements, more conflicts. There is no cooperation, and we need that cooperation to deal with these global problems."

Read Roubini's recent editorial on the Instability of Inequality.