The absence of any real progress at the recent G20 summit is a wake-up call to policy makers. They should jettison the sprawling agenda that has come to typify the group and focus exclusively on one goal: to defend and deepen globalisation.
That is not an easy or necessarily popular endeavour. Economic adjustment has helped produce a chorus of voices against open markets as western democracies go through painful and protracted adjustment programmes, and at great social cost. But the answer to the world’s problems is more globalisation, not less.
Read more