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The G20 and the Inequality Crisis

In 2009, the G20's emergence as the world’s leading forum for addressing global economic challenges helped pull the world back from the brink of depression. Today, the G20 must play a similar role in addressing a challenge that has become no less urgent.

LONDON – Almost a decade ago, facing a near-collapse of the financial system and the risk of a depression, the world needed a new form of leadership to navigate and restore confidence in the global economy. That’s why, in 2009, at his first global summit as US president, Barack Obama joined then-British Prime Minister Gordon Brown to spearhead the G20’s upgrade, making it the world’s preeminent economic forum. What they created helped solve one immediate problem, but it let linger another global challenge.