Jeffry Frieden, Michael Pettis, Dani Rodrik, Ernesto Zedillo, 26 July 2012

Global economic cooperation can help mitigate many economic problems. But it is often difficult to justify, and even more difficult to achieve. This column argues that simple appeals to greater global governance are not likely to have much effect. It suggests that the future of the international economy does depend on the success of international cooperation; but this success in turn requires that governments have realistic expectations about how much can be accomplished at the global level.