A year ago the world fell of a cliff. Lehman Brothers filing for bankruptcy was only the last straw in the long-drawn credit crisis that began a few years earlier. In this post, I present some papers that have analysed this crisis and ushered in a new world order. What is this new world order? Read more
Finally, the single most important reason why G20 must solve the ongoing credit crisis: children.
The undercurrents at G20 just got public and the London Summit just got racist. Standing next to UK Prime Minister Gordon Brown, the Brazilian President Luiz Inacio “Lula” da Silva brought the black-brown-white frustrations on the global finance table. Read more
Surprising for a superpower that still believes it leads a unipolar world, US President Barack Obama’s March 24, 2009 op-ed published in 31 newspapers was free of arrogance. Whether that’s a recognition of the emergence of a multi-polar world a quarter of a century down the road or whether that’s a true spirit of cooperation that Obama hopes to usher in following the country’s Bush-led isolation, we will know some day. Read more
The new financial high-rise — the foundations of which were laid in Washington DC on November 15 — in which G20 will lay the ground floor in London on April 2, is going to be the world’s biggest economic-diplomacy build up, ever. And already, the builders of what is increasingly being referred to as Bretton Woods II, are divided. Read more