The Global Economic Agenda: Issues Paper for the Washington Roundtable

Domenico Lombardi
Domenico Lombardi Director, Policy Observatory - Luiss University, Rome, Former Brookings Expert

October 31, 2009


The scale and severity of the current crisis have highlighted the role that the leaders of the Group of Twenty (G-20) have played in mitigating its impact and putting the world economy on the path to recovery. The G-20, which was established in 1999 in the aftermath of the Asian financial crisis, has provided a high-level platform for systemically important countries to discuss analyses and policy responses in the unfolding of the deepest recession that the global economy has experienced since the Great Depression. Building on a more inclusive base than the G8, the G-20 has seen the emergence of its Leaders’ Summit as a world steering committee that provides a unique opportunity for involving heads of states and governments in the policy discussions to address this unprecedented international crisis.