Leaders of the Group of 20 economies were striving to balance stimulus spending and austerity measures to try and reach an agreement at their summit in Toronto, Canada, on how to bolster the fragile global economic recovery. An agreement may be difficult, given that the?pace?and strength of recovery have been uneven in member states.
Recent history shows that what may be possible is at best an agreement to disagree. Copenhagen last year yielded no overarching framework to deal with the impact of climate change. And the Doha Round of world trade talks has been bogged down in the conflicting national priorities of developed and developing nations.
With once silent voices clamouring to be heard on global forums, this is no longer a world where one-size-fits-all recipes will work. World leaders would do well to recognize this.