G20 leaders should work out specifics for a healthy world economy and to establish a financial monitoring system
G20 leaders should work out specifics for a healthy world economy and to establish a financial monitoring system The international community is pinning high expectations on the G20 summit to be held in Seoul, the Republic of Korea, on Nov 11-12. On the second anniversary of the outbreak of the global financial crisis, the Seoul summit will be a larger gathering than the Toronto meeting and will hopefully have some far-reaching influence on the global economy. Participating countries at the summit are likely to discuss measures for a faster global economic recovery and the establishment of a world financial monitoring system. Expanding the voting power of emerging economies at the World Bank and other international financial institutions and finding ways to curb trade protectionism are also likely to be on the agenda. If the summit advances in this direction, developed and developing nations can continue to join hands to boost global economic development as they did in the immediate aftermath of the global financial crisis.


