Some of the topics to come up during the G-20

From this NPR story, we find out some of the top­ics that will be dis­cussed dur­ing the G-20 meet­ings today and tomor­row in Pitts­burgh. Meet­ings begin tonight with a “work­ing din­ner” at the Phipps Con­ser­va­tory and Botan­i­cal Gardens.

The pres­i­dent is expected to tell fel­low lead­ers that the old eco­nomic model of mas­sive Chi­nese exports being snatched up by borrow-and-spend con­sumers in Amer­ica and else­where is unsus­tain­able. In a pre­view of that mes­sage at the United Nations on Wednes­day, Obama said, “Now is the time for all of us to take our share of respon­si­bil­ity for a global response to global challenges.”

The lead­ers of the Group of 20 nations are meet­ing for the third time since the finan­cial cri­sis threw growth into reverse a year ago. When the body last met in April, many economies, includ­ing the United States, were under severe strain, and world lead­ers largely agreed on com­mon reme­dies such as dra­mat­i­cally increased gov­ern­ment spend­ing to pro­vide some stimulus.

With the cri­sis calm­ing, sum­mit lead­ers are set to dis­cuss how to redi­rect their focus on rein­vig­o­rat­ing their economies with­out repeat­ing past mis­takes.

Euro­pean lead­ers are press­ing for a deal on finan­cial reg­u­la­tion reforms, but Obama’s agenda is press­ing for poli­cies to even out the trade imbal­ances between China and the United States.

British Prime Min­is­ter Gor­don Brown told reporters in New York on Thurs­day that Britain and the U.S. “would like to see China import­ing more from our countries.”

Japan’s new prime min­is­ter, Yukio Hatoyama, said his nation wants to be part of the dis­cus­sion to “rein in the issues of poverty and eco­nomic dis­par­ity, which are dif­fi­cult to coor­di­nate by sim­ply leav­ing them to mar­ket mechanisms.”


This article is from Poverty News Blog: http://feedproxy.google.com/~r/blogspot/EOch/~3/adqH7hEJv7E/some-of-topics-to-come-up-during-g-20.html




Leave a Reply

Login with Facebook