G20 Must Address the Anti-Globalization Undercurrent to Stay Relevant

Among all the summit-babble about inclusive and sustainable growth and a myriad other agendas linked to the Group of 20 (G20) meeting, it's still far from clear what strategic value leaders would add to the world's premier economic dialogue when they gather in the eastern Chinese city of Hangzhou this weekend.

It's not the divisions over objectives and values that are the problem. It is that the process has been hijacked and sidetracked from the main strategic tasks that face the global economy and international community today. Printing and spending government money in various ways to pump up the global economy after the 2008 financial crisis was relatively easy compared to addressing the present malaise. Reliance on monetary policy to spur global growth is no longer a practical option.