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G20 more effective than UN: Rudd

G20 more effective than UN: Rudd article image
Prime Minister Kevin Rudd yesterday addressed the United Nations to suggest that inclusive collaboration such as the G20 could be used to solve global crises such as the recent economic downturn. Critical of the UN for its inability to respond to the crisis, Rudd said by comparison the G20 governments "have rallied to reduce the damage and prevent systemic collapse" citing its flexible nature as encouraging more participation by developed and developing nations. "Through the agency of the G20, for the first time involving heads of government from the major developed and developing economies, governments acted in concert. The IMF has assessed that these extraordinary interventions succeeded in breaking the fall in what was an economic crisis spiralling out of control," said Rudd.

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