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The G20 and Recovery and Beyond

An Agenda for Global Governance for the Twenty-First Century

Jean-Paul Fitoussi (editor), Joseph Stiglitz (editor)

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The danger the world is facing today is that countries, forgetting that their economies are strongly interdependent, are “renationalizing” their economic policies, acting as if each of them were confronted with specific problems whose solutions were without externalities for the other countries. The paradox of the situation is that the feeling of urgency is disappearing at the very moment where the problems are becoming more urgent, especially if we want to avoid both a “remake” of the crisis and an acceleration of the destruction of a number of global public goods. The responsibility of the G20 is thus considerable.

That is why a group of 'experts', with no commitments other that of being citizens of the world, decided to meet to reflect on what could be done, hoping that from their reflection some useful recommendations to the powerful of this world would emerge. This group, which christened itself the Paris Group, has been constituted at the invitation of the President of The French Republic, who also presides over the destiny of the G20 this year.  The chapters which follow contain a summary of the discussion between the members of the group and the preparatory notes which have been written by them.

About the Editors

Joseph Stiglitz
Co-President
Initiative for Policy Dialogue

Joseph E. Stiglitz is co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia University, for which he also co-chairs the macroeconomics, Capital Market Liberalization, and Intellectual Property task forces. Dr. Stiglitz holds joint professorships at Columbia University's Economics Department and its Business School. From 1997 to 2000 he was the World Bank's Senior Vice President for Development Economics and Chief Economist. From 1995- 97 he served as Chairman of the U.S. Council of Economic Advisers and as a member of President Clinton's cabinet. From 1993 to 1995 he was a member of the Council of Economic Advisers. He was previously a professor of economics at Stanford, Princeton, Yale, and All Souls College. Dr. Stiglitz is a leading scholar of the economics of the public sector and was awarded the Nobel Prize in Economics in 2001 in addition to the American Economic Association's biennial John Bates Clark Award in 1979. His work has been recognized through his election as a fellow to the National Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, and the British Academy.

Jean-Paul Fitoussi
Professor of Economics
Institut d'Etudes Politiques de Paris

Publication Information

Type Books
Program -
Download Not Available
Posted 02/01/11
Publisher Columbia University, LUISS and OFCE
Year 2011
# Pages 142pp