Articles by: Mark Fried
November 29, 2010
When leaders of the world’s 20 largest economies met at the G20 summit in Seoul, South Korea, on November 12-13, the only story in the news was a currency face-off between the United States and China. Missing was real movement on two issues with implications for Latin America and the Caribbean: Reform of the International Monetary Fund (IMF), and a new “consensus” on development for the world's poorest countries. This was the final nail in the coffin of the Washington Consensus, the economic model that has held sway in the region for the past quarter century.