US should fix its own economic woes first

The G20 conference was no Bretton Woods.

Those observers who hoped for the emergence of a new global economic order from Washington DC, where leaders of 20 nations met last weekend to revive their economies, are likely to be disappointed.

To be sure, there were positive outcomes from the conference in which leaders of the Group of 20, which represents nations holding an 85 percent share of the global economy, pledged their commitment to free market and free trade.