Publication

This paper addresses the need for increased international cooperation in the global economic and financial system. Global economic cooperation involves more than addressing crises, the author argues, it must also consider the medium term. The challenge remains that the necessary (and promised) action to tackle global governance issues in order to promote greater economic cooperation has not occurred, and many observers are losing confidence that anything can happen. The agenda for reform to promote greater economic cooperation, has been laid out many times, but the commitment of Group of Twenty (G20) leaders appears to have faltered.