Joseph Stiglitz headed up this interesting alternative Shadow GN initiative looking for a comprehensive solution to the current crises. I am still reading it so I have not made a final judgement – but it looks promising so far.
See this the intro to the Chairman’s summary below..
THE WAYS OUT OF THE CRISIS AND
THE BUILDING OF A MORE COHESIVE WORLD
Chair’s Summary
Jean-Paul Fitoussi and Joseph Stiglitz
This year the G’s are meeting at a critical moment in history, at least
economic and social history. They will confront the gravest economic and
social crisis in almost 80 years. To paraphrase Keynes, the destiny of the
world is in the hands of the members of the G’s. They could act in such a way
that would allow us to get out of this situation, creating a future where
growth is more sustainable, friendlier to the environment, and where its fruits
would be distributed in a more equitable way, both within and among
countries. Otherwise, they will bear an enormous responsibility before
history, that of not having done the duty which has been delegated to them by
their people, despite having been in exceptional circumstances that gave
them much more room for manoeuvre than they would have had in ‘normal’
times.
That is why a group of ‘experts’, with no commitments other that of being
citizens of the world, decided to meet to reflect on what could be done,
hoping that from their reflection some useful recommendations to the
powerful of this world would emerge. This group, which christened itself the
Shadow GN, has been constituted under the leadership of Joseph Stiglitz and
Jean-Paul Fitoussi, thanks to a partnership between Luiss and Columbia
University.
