After reading Marc Lynch's postmortem of the just-completed Arab Summit in Doha, Qatar, I'm beginning to wonder if I've been too harsh about the G-20 meeting this week.
Admittedly, the London summit will not accomplish much, but if the draft communique is any guide, some modestly useful steps were taken (expanding the membership of the Financial Stability Forum Financial Stability Board, expanding IMF lending capabilities). On the margins of the G-20, genuine progress appears to have been made on an arms control treaty between the U.S. and Russia.
Brad DeLong is exaggerating when he predicts, "the best episode of international policy coordination since Bretton Woods itself" I think the Plaza Accord would win that award. But, lest one get too discouraged, just read Marc's posts here and here.
And yes, the title of this post refers to this scene.
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