What the G-20 Hopes to Accomplish

Posted by Andrew Moran

In the wake of the recent financial crisis experienced in the developed world, leaders from the worlds 20 most powerful countries will come together to discuss possible resolutions to the crisis. This meeting is known as the G20 summit, and it will be held in London, England on April 2^nd. The main topics that will be discussed at the summit include:

- Reviving the world economy

- Restoring lending

- Tougher rules for banks

- Bigger role for IMF

- More help for developing countries

Leaders of the representative countries will try and work together in order to improve the welfare of the world economy. It is always impossible to judge whether or not the G20 Summit Meeting will be a success or a miserable failure. In order to judge whether or not it was a success, there are a few questions that must be addressed. The answers to these questions will determine whether or not the G20 Summit Meeting was successful. In the eyes of experts, at least two or three of these questions will need to be resolved in order to be a success. These questions are:

- Will the G20 truly restructure the IMF?

- Will Germany provide additional stimulus money?

- Will Obama and Brown get serious about financial regulation?

- Will G20 leaders denounce protectionism

- Will Obama make nice with the dollar?

- Will the leaders kick the bankers?

The answers to these questions will provide a reference point as to whether or not the G20 is a success. As the world continues to hold its breathe, hoping for a resolution to these dark economic times, all we can do is wait and see what the G20 leaders accomplish.

Sources:

http://money.cnn.com/2009/04/01/news/g20_issues.fortune/index.htm?postversion=2009040119

http://news.bbc.co.uk/2/hi/business/7926935.stm

http://news.bbc.co.uk/2/hi/business/7970199.stm

http://www.bloomberg.com/apps/news?pid=20601068&sid=aPa3d0C4ewdo&refer=economy