The Great Debate
– Paul Taylor is a Reuters columnist. The opinions expressed are his own –
Thursday’s G20 summit may not mark the end or even the beginning of the end of the global recession. It did mark the end of the ascendancy of the unfettered, Anglo-Saxon model of capitalism.
Beijing risks inflicting even more damage to the world economy by reflexively slowing market reforms in response to the financial crisis. But China’s leaders should quicken, not slow, the pace of reform to help it ride through the storm.