We have globalized the problem and not the solution

Author of the bestseller "the post american world" which the French translation today at the Editions Saint-Simon, the Director of "Newsweek International, Fareed Zakaria, analyses the major issues of the Pittsburgh Summit.

How can the Pittsburgh Summit generate multilateral solutions to the out of the crisis

We have globalized the finance and economy by exporting the financial crisis in the world but we forgot to establish governance structures. We have globalized the problem and not the solution. We have therefore a crucial need for a coordinated approach and a common regulatory framework. I do not think the creation of a single regulator but common rules, leaving the country a leeway to implement. The problem is that the crisis probably ended too early for that Wall Street really draw lessons.

Is Washington ready to accept a reform of global governance in the economic field

Global governance may evolve through the g-20. Only the US can still bring together China, the France, the United Kingdom and the Brazil table. But they must pass the hegemonic temptation to a role of catalyst. With the decline of American dominance, can dream of a total redesign of global governance. But it should no longer lose his time with the reform of the Security Council. It will be still blocked by the countries that have a right of veto. The g-20 is the passage obliged of any global solution: my belief is that it will become the new Security Council.

After the disastrous impact of the financial crisis on the American legitimacy, how Obama can return to the field

The old model of American unilateralism can no longer walk. Barack Obama is probably the best position to give legitimacy to American power on the international scene. With its roots in the Kenya and Indonesia, he understood the positive impact of the rise of the power of the "rest of the world": China, Brazil, South Africa.

The prohibition of torture, the accession to the Geneva convention, the announced closure of Guantanamo Bay are important signals. It will be more difficult economically. The United States are well equipped to fight against "heart attacks" but with regard to structural reforms, the weight of lobbies and the "specific interests" makes difficult things.

What is your analysis of the "Obama method" in foreign policy

His "doctrine" is to focus on cooperation with the major powers to achieve international goals. This is what it does with the Russia, the Iran or China or in the fight against climate change. On the review of the missile shield in Eastern Europe, the Obama administration has not surrendered but realized that the Russia was very concerned about the prospect of a war stars.

President Obama does not play with fire by imposing new taxes on imports of Chinese tires

His initiative is fully compatible with WTO rules. It is clear that the trend toward free trade has lost its intensity. May regret it. The World Bank itself considers that Doha round will boost the to world GDP of $ 500 billion in a global economy of 53,000 billion. This is marginal. The risk would be a real return to protectionism, but I do not see the occur so far.