Thursday February 16, 2012

G-20 leaders make economic pledges

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  • 0

    rajakumar

    Vision 2020 for G20, preventing global torture from mad offices of financing around the world.

  • 0

    mushroomcloud

    'They made themselves the lead group for tackling international economic issues in the future, eclipsing the older, Western-dominated Group of Eight.'

    The implications for Japan on having the G-8 replaced by the G-20 as the lead in tackling global economic issues is huge. Japan, along with the other members of the G-8, now see their power diluted by a much larger organization. But 4 members of the G-8 are also members of the UNSC, so their global decision making on security matters remains unbroken. But what about Japan? Not being on the UNSC, and being lumped in the expanded G-20 is a double wammy for Japan.

    It is crystal clear that Japan's voice on all matters of global reach have been reduced even further.

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