South Korea Seoul is in the summit fever. To the leaders of the 20 leading industrial and emerging countries (G-20) from Thursday to guarantee a trouble-free two-day summit, the government has mobilized not less than 50,000 policemen and 10,000 soldiers. They are twice as many security forces as in the previous G-20 summit in Toronto.
With this reinforced hospitality of the media expected to get little opportunity to report on riots in the streets. Instead, the focus is directed on the agenda of the first G-20 summit in Asia. And the self- ambitious expectations are high.
The participants want to use the G-20 "as the highest forum of our global economic cooperation," said British Prime Minister David Cameron. And the hosts, South Korea's President Lee Myung-bak called for research to "implement previously made agreements into concrete action." Obviously, wants to South Korea, which organized the first state outside the seven leading industrial nations such an important global event, as a diplomatic power . represent
The agenda is ambitious accordingly: in particular, a global growth strategy with country-specific targets are set so that the world can continue to grow balanced and crisis-free. An important point is the promise of highly indebted industrial countries to begin the reconstruction of their homes.
Increased regulation of the financial market, to expand global financial network and the reform of the International Monetary Fund round it off. Thus, the growing power of China will be approved in the International Monetary Fund. After voting shares of China will continue Germany replace as the third most important country.
Lee also wants to put a permanent memorial and an action plan for economic development in the poorest countries in the world call into being. South Korea, which has risen after the war in previous record time by the State Farm for large industrial power want to have to contribute his experience as a "bridge" between rich and poor countries, a South Korean diplomat. is
with excitement, however, expected that the leaders behind closed Doors criticize the U.S. for the recent dollar glut are. The U.S. central bank has recently decided as an economic measure to pump through the purchase of U.S. Treasury bonds 600 billion dollars in fresh squeezed the economy.
early as last weekend blew U.S. Treasury Secretary Timothy Geithner on the Finance Ministers of the Asia-Pacific Economic Forum (Apec), which had prepared for the APEC summit this weekend, the wind in his face . Open emerging economies of Asia were worried that the dollar flood spill lack of credit demand in the U.S. to other countries and there speculative bubbles, such as currency fluctuations could trigger.
Thus, the resentment still on the table. China renewed this criticism yesterday. The World Bank advised against even small countries to introduce selective capital controls to prevent the destabilization of their economies and currencies.
Given the global discontent with U.S. policy but also likely to radical demands for the removal of trade Geithner density difference be off the table. He had recently been thinking aloud about a negative or positive trade balance to target of 4 percent of gross domestic product as a global trade currency as a policy objective. Even after the APEC meeting, he said, however, he aspires to no specific targets.
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