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When the G-20 leaders held their first summit in late 2008, many welcomed what looked like a diverse, highly representative new forum for crafting common solutions to global problems.Unfortunately, following the G-20's summit in Osaka, Japan, last month, I cannot help but wonder whether that gathering, too, has lost its purpose.On the other hand, while the G-20 has been very good at issuing grandiose communiques to acknowledge the existence of global challenges, it has proven utterly incapable of advancing any solutions to them.Yet, when it comes to problems that can be addressed only cooperatively at the global level, there is no alternative to bodies like the G-20 .This new grouping would reside within the G-20 and represent three-quarters of global GDP.The G-20's second deficiency is that it (as well as the G-7) lacks an objective framework through which to set goals and measure progress toward them. Nor has the G-20 actually done anything to help individual member states expand the provision of health care.
of fiscal policy
as feasible option
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