The Group of 20 (G20) met in Scotland over the weekend, bringing together central bankers and financiers of nineteen countries, and the European Union (EU). The collection of nations constitute 80% of world trade and two-thirds of the world’s population. (1) Discussions of “re-balancing” the world economy have taken place over the last few months by members of the G20; those sentiments continued this weekend in St. Andrews, but apparently only in general terms. (2)
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Leaders Aim to “Re-Balance” the World Economy
Posted by Ryan in November 11th 2009
under: Deficits, Dollar, Dubiously Free Trade, Energy, Federal Reserve, Individual v. Collective, Live and Learn, Trust
Tags: asset bubble, Bernanke, capitalism, central planning, currency, current account, dividends, Federal Reserve, financial system, foreign aid, G20, IMF, interest, socialism, Treasury
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