G20 meet kicks off today
Saturday, November 15, 2008 at 10:11 am
Political leaders conceded that the US political transition has made breakthroughs unlikely in the summit that gets underway today (November 15).
Therefore, there are no expectations of a big announcement of the co-ordinated global fiscal stimulus to support the world.
Even the call for the need of global financial regulators seems to have evaporated in favour of a UK idea of a college of supervisors from different nations, who would review global banks.
Meanwhile India’s concerns at the Group of 20 developed and emerging nations would be three-fold.
First, the global financial system must become more inclusive. Second, the growth of the developing economies must be protected, and third, the leading economies of the world must guard against protectionist tendencies.
( This post is from an independent writer. The opinions and views expressed herein are those of the author and are not endorsed by APakistanNews.Com.)
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