G20 Archives - Page 2 of 4 - Foreign Policy In Focus

BP and Sado-Messochism

by John Feffer | Jun 22, 2010

Aside from the occasional asteroid and volcanic outburst, human beings are responsible for the greatest messes on the planet. We’ve polluted the air and water, punched holes in the ozone, and pumped enough carbon into the atmosphere to overwhelm the global thermostat. Nor is this merely a modern attribute of homo sapiens. As Jared Diamond points out in his book Collapse, we’ve repeatedly taxed the limits of our environment, from the heart of the Mayan civilization to far-flung Easter Island. We’ve hunted countless species into extinction and exhausted the soil to feed burgeoning populations. And what we once did on a local basis, we are now applying on a global scale.

G20 and Global Poverty

by Neil Watkins | Apr 8, 2009

Depending on whose analysis you read, the G20 summit in London was the best or the worst of meetings. To some critics, it was an abysmal failure by a self-appointed illegitimate body. To others (read: Gordon Brown), the world has been saved from the brink of its economic demise by inspired leadership and deft summitry.

U-20: Will the Global Economy Resurface?

by Walden Bello, John Feffer | Mar 30, 2009

The Group of 20 (G20) is making a big show of getting together to come to grips with the global economic crisis. But here’s the problem with the upcoming summit in London on April 2: It’s all show. What the show masks is a very deep worry and fear among the global elite that it really doesn’t know the direction in which the world economy is heading and the measures needed to stabilize it.

Fixing the IMF

by Daniel D. Bradlow, Emily Schwartz Greco | Mar 30, 2009

The leaders of the G20 will meet on April 2 in London. One item on their agenda will be to consider enhancing the International Monetary Fund’s role in international financial governance. This can only be successfully achieved if the IMF undergoes substantial reforms that require either difficult political compromises or amendments to the Fund’s Articles of Agreement, the formal international treaty that created the IMF and that has only been amended three times since the organization’s inception in 1946.

Planning for Failure in Afghanistan

by Sam Gardiner, Erik Leaver | Mar 30, 2009

It’s official. President Barack Obama now fully owns the war in Afghanistan. Standing alongside his military advisors and in front of the Washington press corps, he outlined a plan with “a clear and focused goal: to disrupt, dismantle and defeat al-Qaeda in Pakistan and Afghanistan.” While the goal and the five objectives to meet this goal are clear, they’re also unattainable and will likely result in the U.S. (and NATO) being trapped in the region for decades to come.

Assessing the G-20 Declaration

by Emily Schwartz Greco, Robert Weissman | Dec 1, 2008

The G-20’s “Summit on Financial Markets and the World Economy,” held in Washington on November 15, gave world powers a chance to coordinate their responses to the burgeoning international financial crisis and accompanying ills in real economies around the globe but produced a long, vague, and telling declaration, devoid of meaningful commitments to change business as usual.

Swear Off ‘Market Fundamentalism’

by Robin Broad, John Cavanagh | Nov 14, 2008

The outgoing president appears unable to give up his belief in the “market fundamentalism” that has dominated the U.S. policy agenda for the past 30 years. With strong U.S. backing, institutions such as the World Bank, International Monetary Fund and the World Trade Organization have pushed governments to lift regulations on trade, finance and investment and sell off state enterprises throughout most of the developing world.

The Second Shockwave

by John Feffer, Michael Klare | Mar 18, 2008

While the economic contraction is apparently slowing in the advanced industrial countries and may reach bottom in the not-too-distant future, it’s only beginning to gain momentum in the developing world, which was spared the earliest effects of the global meltdown. Because the crisis was largely precipitated by a collapse of the housing market in the United States and the resulting disintegration of financial products derived from the “securitization” of questionable mortgages, most developing nations were unaffected by the early stages of the meltdown, for the simple reason that they possessed few such assets.