This article describe a world that lacks leadership on global economic and political issues. It argues that this is a recipe for an unstable world that is becoming less able to provide economic prosperity and security.
England and then the US once provided that kind of leadership which provided important public goods. Political and economic issues in the US, Europe and Japan have made it more difficult for them to cooperate on important global issues. They can't agree on the details for reforming the global financial system, or on how to deal with global warming or the political unrest in the mid-east. Moreover, the G7 has become the G20 in order to reflect the rising importance of emerging nations. The G20 is more diverse on many issues than the G7, and while the US, Japan and Europe are focused on their own problems, the emerging nations are primarily concerned with the next stages of their development. That is the G-Zero world observed by the author. It is a world without international leadership.
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