#241: G-Zero

We used to talk about the G-7 -- the world's seven biggest economic powerhouses. Every so often, the leaders of the G-7 countries would get together and hash out the important issues facing the global economy.

That grew to become the G-20, which included big players in the developing world (China, India, Brazil). In the heat of the financial crisis, the G-20 made a good show of cooperation.

But as the crisis has faded, so has the cooperation. What's left is a world where there's no clear economic leadership. That creates a new set of problems, David Gordon says on today's Planet Money.

Gordon, research director at the consulting firm Eurasia Group, calls this new world "G-Zero."