A Financial Agenda for India’s G20 Presidency
Modern international financial problems have been studied intensively since the Asian financial crisis of the 1990s, and there is now a surprising degree of consensus among economists and policymakers. While the G20 may not be able to achieve much in a divided world, there is a well-defined and viable agenda it should pursue.
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BERKELEY/NEW DELHI – On December 1, India assumed the presidency of the G20. It is not exactly a propitious time to take on the role. A global economic slowdown is coming. The war in Ukraine continues to upend energy, food, and commodity markets. The climate crisis looms. Mounting US-China tensions threaten to throw a wrench into global trade and investment.