Differences in views on issues like the Doha trade talks or climate change are such that they are rarely tabled for discussion in G20 meetings anymore, because chances for progress are thin.
Some go as far as claiming that the crisis would have created a “zero-sum” world, one in which one country’s gains are increasingly considered as another’s losses.10 They point to tensions on global imbalances between external surplus and deficit economies, on international financial spillovers arising from the effect of monetary policy easing in advanced economies and reserve accumulation in emerging economies, on trade and financial protectionism, as substantiating their view.