It has come to the point where President Obama has travelled to the G-20 summit in order to stress the importance of a struggling economy in the United States. However, it is important to understand that the United States in not the only country that is struggling and that helping out other countries is an important problem that must be faced in order to keep strong ties with countries all over the world.LONDON — Struggling to bridge deep divides over how to revive a paralyzed global economy, the leaders of the world’s largest economies agreed Thursday to bail out developing countries, stimulate world trade and regulate financial firms more stringently. But President Obama conceded that there were “no guarantees” that those measures would reverse the biggest global downturn in six decades.
Prime Minister Gordon Brown of Britain, host of the Group of 20 summit meeting called to fight the crisis, announced at its conclusion that the leaders had committed to $1.1 trillion in new funds that would greatly increase the capital available to the International Monetary Fund. The goal would be a revival in trade, which is expected to contract this year for the first time in 30 years.
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Posted By Lee Ruth
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