
Macro Mechanics
The G20's Political Divergence
<p>The Group of 20 was elevated to a leaders’ level summit in 2008 on the premise of urgent, coordinated action to steer the global economy back from the brink of collapse. For a time, it functioned as the world’s premier crisis committee, a forum where the largest advanced and emerging economies could forge a common path. Today, that premise of unity appears increasingly tenuous. The G20 is a body defined by deep and growing political contradictions, a hodgepodge of advanced democracies, emerging-market democracies, and non-democracies whose internal political dynamics are diverging at an accelerating pace. The ideological battles being fought in n...






