A global economy that goes beyond the dollar

The G20 Summit has left behind a raft of unresolved problems amid worldwide efforts to cure the sickened global economy. The London meeting of the heads of the world's 20 leading economies early this month failed to prescribe an immediate panacea to haul the world's ailing economy out of a recession.

Despite some noteworthy achievements, the meeting was still far from working out a feasible formula to curb the unchecked issuance of the dollar, the cause of the ongoing global financial crisis. This will not only let slip the best chance for the world to tackle the crisis, it will also worsen the global economy.

Any misjudgment of the once-in-a-century financial crisis, such as ways to leverage or create liquidity excess to spur economic recovery, will possibly add to the current economic predicament.