G-20 expansion, and the continued expansion of state intervention
Posted by Gary Howard on 09/25/09 1:56 PM
During the latest
Global Economic Forum http://www.g20.org/about_what_is_g20.aspx conference in Pittsburgh, the forum leaders of the G-8 decided:
Group of 20 Agrees on Far-Reaching Economic Plan (9/26/2009) http://www.nytimes.com/2009/09/26/wo...t.html?_r=1&hp to permanently expand the group (G-20) including more developing nations. Here is a quote from the NY Times piece on this:
Quote:
Global leaders will announce Friday that the once elite club of rich industrial nations known as the Group of 7 will be permanently replaced as a global forum for economic policy by the much broader Group of 20, which includes China, Brazil, India and other fast-growing developing countries, the White House said.
The move highlights the growing economic importance of Asia and some Latin American countries, particularly since the United States and many European countries have found their banking systems crippled by an economic crisis originating in excesses in the American mortgage market.
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Continues: http://www.campaignforliberty.com/blog.php?view=25715