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N° 299 |
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| 25 June 2010 |
| The G20 in the Aftermath of the Crisis: a Euro-Asian View |
Agnès Bénassy-Quéré
Fan He
Masahiro Kawai
Yung Chul Park
Jean Pisani-Ferry |
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| This Letter du CEPII draws on the meeting of the fifth Asia-Europe Economic Forum held in Tokyo on 25 March 2010. The
forum brought together a broad range of participants including policymakers, academic experts and private sector specialists.
This year, the agenda focused on reforms, national budgets, G20 hopes from both Asian and European perspectives. After
focusing in the midst of the crisis on the international financial regulation reform, the G20 has launched at the Pittsburgh
summit in September 2009 the Framework for Strong, Sustainable, and Balanced Growth. The rebalancing of global
growth requires exit strategies differentiated across countries, structural reforms and a better fiscal coordination in Europe.
Moreover, a question remains: the G20 has reacted promptly at the height of the crisis, but it has to prove its legitimacy and
its ability to achieve reforms although the appetite for coordination decreases. |
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