Value Added: The G-20's Rebalancing Act
NewAmericanCont... - September 24, 2009 - 11:49am
The leaders of the G-20 group of major economies are meeting in Pittsburgh today, and the heads of state have a busy and contentious agenda. The debate over rebalancing the global economy, although crucial in our estimation, has driven a wedge between the U.S. and some of its allies and threatens to derail other parts of the program.
Atop President Obama's list of priorities in Pittsburgh is agreeing on a framework for mitigating the global imbalances that were in large part responsible for last year's financial crisis. Writes Justin Fox in Time's Curious Capitalist blog...
