Marcus Noland is Deputy Director and Senior Fellow at the Peterson Institute for International Economics.
A major, largely overlooked development of the recent financial crisis has been the emergence of the G20 as the informal steering committee of the world economy. In recent decades that function had been played by the G7, a group of rich industrial democracies. The shift from the G7 to the G20 signals the growing pluralism of world affairs and the rising influence of Asia. Read more »