Columbia International Affairs Online: Policy Briefs

CIAO DATE: 06/2009

The G20 Meetings: No Common Framework, No Consensus

Michael Pettis

May 2009

Carnegie Endowment for International Peace

Abstract

By failing to recognize the global implications of domestic recovery efforts, U.S. policy makers are risking increased trade friction and a longer downturn. The United States should coordinate better with China and the EU to keep trade open while the global economy adjusts to significantly reduced U.S. demand.