On February 8, 2011 we hosted a private dinner with Dr. Nouriel Roubini. Fresh after shaking Davos with the new concept of "G-zero," Dr. Roubini sounded guardedly optimistic on the global economy calling it a "glass half full and half empty." While positive on the global economic recovery, his cause for concern largely stems from the new global order he describes in a new cover piece in Foreign Affairs:
"Today, the United States lacks the resources to continue as the primary provider of global public goods. Europe is fully occupied for the moment with saving the eurozone. Japan is likewise tied down with complex political and economic problems at home. None of these powers’ governments has the time, resources, or domestic political capital needed for a new bout of international heavy lifting. Meanwhile, there are no credible answers to transnational challenges without the direct involvement of emerging powers such as Brazil, China, and India. Yet these countries are far too focused on domestic development to welcome the burdens that come with new responsibilities abroad."