Can Obama Save the Global Economy (and Globalization) at the G-20?
What does this "rebalancing" play from Washington amount to? In a nutshell, a near-term future in which America consumes less and China consumes a helluva lot more. But Obama's "framework" also promises diplomatic cover for all sides in this rebalancing process by empowering the International Monetary Fund to monitor G-20 member pledges and flag them for consultations if voluntary targets aren't being met. Since sanctions never work (even if Dmitri ... Full Story »
Posted by Derek Hawkins - via Real Clear Politics
