Center for American Progress Action Fund vice president Nina Hachigian comments to Politico on the implications of the financial crisis for the U.S. role in the world:
The financial crisis is horrible, but it's reinforcing two central truths. First, that we really have to focus on home and getting our domestic house in order and getting our domestic economy growing again. In order for us to continue to be successful, to attract capital here, we really need to invest in our domestic education and health care infrastructure. … The other thing the financial crisis highlights is that we are all interdependent and what we do here can affect Europe. We need investments from Asian countries – this is all one boat that we are in together.
According to this post-summit report from The New York Times the world leaders gathered in Washington demonstrated a willingness to accept that interdependence and embraced new policies to make that interdependence more transparent and accountable. Specific actions will be hammered out in the coming months at the ministerial level while the G20 heads plan for the next meeting to be hosted by President Obama.
