The Global Trust Deficit
Preoccupied with fiscal deficits, developed-country policymakers are neglecting another, equally critical, shortfall: the trust deficit between advanced and emerging economies when it comes to global governance. Only by giving emerging markets more influence in international institutions can the world economy reach its potential.
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NEW YORK – In their preoccupation with fiscal deficits, developed-country policymakers continue to neglect a different, yet equally critical, shortfall: the trust deficit between advanced and emerging economies when it comes to global governance.