As with the G-20 summit in Washington last November, immediate media reactions include criticism of general statements, along with emphasis on the gulf between Washington pressure for fiscal stimulus and continental European caution about escalating government spending.
Such customary carping is unfair, since the England event involved finance officials whose main task was to set the stage and agenda for the next formal summit of G-20 leaders, scheduled for London in early April. One very promising byproduct of the conference is the decision by Director-General Pascal Lamy of the World Trade Organization to attend the next G-20 summit. He did not attend the Washington summit. Another positive sign is agreement in Brussels on coordinated policy positions, which emphasize expanded market regulations.
Current conferences represent a notable increase of national participants. In the more stable past, such meetings focused on the G-7, the sizable economically highly developed nations of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. In recent years, Russia has also been included, reflecting geographic proximity, military power and natural resources rather than comparable economic development.
Expanded emphasis on the G-20 indicates consensus that a very small group of nations can no longer effectively lead the global economy.
Brazil, China, India and other developing nations are rapidly evolving into major manufacturing powers, along with traditional roles as important suppliers of raw materials and other natural resources.
In this regard, the European Union leaders in Brussels agreed to commit an additional US$75 billion to the International Monetary Fund, a principal global framework for encouraging monetary stability and facilitating financial flows. They were explicit, however, in emphasizing that this substantial sum is contingent on China as well as the United States making very substantial new commitments as well.
While recent official financial meetings have been concentrated in and among Europeans, China's rapidly expanding international role has been underscored. In many ways, the rising power of that nation, and resulting complexity of relations in particular with the United States, is at least as significant as the focus on Japan's global economic influence in the 1980s.1|2|Next Page>>SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 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3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 3000 characters maxType in image codeSubmit Receive China Post promos Respond to this email Also in Arthur CyrUpdated Thursday, March 19, 2009 10:20 am TWN▪G-20 meet shows larger network needed to handle manage crisis▪Korean Peninsula attention still of global strategic importance▪Comparing conflicts in Afghanistan and Vietnam▪Robert Gates links Iran and Mexico▪Robert Gates reverses coffin photo banMoreMost Read▪Ma will consider meeting with Wen if ECFA is signed▪Proposal drafted to expand rights of workers to strike▪Oil prices rise after news of Hormuz collision▪Obama takes on economy, Leno and Iran on screen▪U.S. parallels with Japan 'lost decade' Subscribe | Advertise | RSS Feed | >SharePrintEmailWrite a CommentEnter your comments - 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