For G-20 Summit, Old Issues Give Way to New

Washington Post by Annys Shin | Sep. 24, 2009 (News Report)

Having moved with unprecedented speed and coordination five months ago to head off what many feared might be another Great Depression, the leaders of the world's 20 largest economies are set to gather Thursday in Pittsburgh to discuss whether it is time to wind down stimulus efforts and talk about what can be done to prevent a repeat of the crisis. Full Story »

Posted by Derek Hawkins - via Google News (Business)

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by Manfred Ostrowski - Sep. 24, 2009

The article offers a brief overview of topics set to be discussed by G-20 members. It mentions the issues of regulation(s) of the financial system, the future face of IMF and World Bank, and the problem of global imbalances. Obviously, the countries involved will articulate different (and even opposed) interests.

I would have wished for some more detail. Where are the main chances for an agreement between the G-20 members? In how far will the U.S. be ready for some compromise that strengthens developing economies? Will the states be able to agree on lessons from the financial crisis? Which concrete proposals are on the table to address market stimulation?

The G-20 members are working on a more detailed framework for regulatory reform..