Davos WEF 2011: Nouriel Roubini: G20 has become G-Zero - by Philip Aldrick

Nouriel Roubini, professor of economics at New York University, and Sir Martin Sorrell, chief executive of the media group WPP, lamented a lack of joined-up global leadership, describing co-ordinated efforts to address trade imbalances, capital flows, water resources, immigration and climate change as “G Zero”.

“There is complete disagreement and disarray. That’s the sense of the G Zero,” Mr Roubini said, explaining the new buzzword at the World Economic Forum’s annual conference in the Swiss resort of Davos.

“There is no agreement on anything. We are in a world where there is no leadership,” he added.

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