The World Is Undergoing "Significant Realignments": Economist Jayati Ghosh on G20, India, China & More

We get an update on the G20 summit, which welcomed the African Union as a permanent member and took place for the first time in India as the country faces criticism for bulldozing slums near the site of the meeting. What we are seeing is a period of significant realignments," says economics professor Jayati Ghosh, who critiques the meeting for a lack of action and largely performative events such as a negotiated joint statement which stopped short of condemning Russia's aggression in Ukraine. This G20 has done nothing for the major problems of our time," says Ghosh, who calls on the group of world leaders to act on climate change and wealth inequality. The G20 is a collection of potentially very powerful governments - that don't necessarily represent the interests of their own people, I might add - but nonetheless, this collection has not done very much over the last 12 to 13 years."