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Asia Sentinel
The Plaza Accord Worked…

The Plaza Accord Worked…

Philip Bowring's avatar
Philip Bowring
Nov 16, 2010
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Asia Sentinel
Asia Sentinel
The Plaza Accord Worked…
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Some billed the G20 meeting in Seoul as Plaza II, where a "grand bargain" to reset currency rates would lead to a more balanced world just as the 1985 Plaza Accord tried to do. But that world has grown too complicated, US influence less and facing a China which knows no rules other than its own. So the G20 concluded with some bland statements papering o…

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