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shared by Christoph Zed on 25 Sep 09 - Cached

The G20 group of leading and emerging economies will take on a new role as a permanent body co-ordinating the world economy
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more power to emerging economies, rather than to the developed powerhouses of the G8 group.
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Senior EU officials later announced a deal to shift the balance of voting in the International Monetary Fund to benefit growing economies like China.
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...6 more annotations...
police fired rubber bullets at protesters
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The G20 is going to be the new body counsel that will be the coordinating body for international economic cooperation
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financial regulatory reform was the most important agenda item for summit, but that addressing global economic imbalances was also a priority
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US proposal calls on economies such as China, Brazil and India to boost domestic consumption
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US and Europe would encourage more saving
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That's not a sustainable financial situation for the US and that's why we're in the process of adjusting
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shared by xinning ji on 14 Sep 09 - Cached

Australians have grown too cynical about Asian institutions and regional diplomacy.
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the great English poet Francis Thompson: "Our hearts, with many schemes so flawed, have grown cynical and bored."
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This is Rudd's most ambitious statement for the G20 yet. The organisation was founded because of the Asian financial crisis a decade ago. It is small enough to be manageable but big enough to have the clout to affect all parts of the globe.
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...1 more annotation...
Although I think Rudd in this essay focuses too much on China, at the expense say of India, he makes his usual sound case that China should have a more prominent role in global governance institutions. However, his balanced view on China is explicit. Rudd writes that he is "neither naive nor idealistic about China's nationalist ambitions".
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