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Business Community Calls on G8 to Avoid Economic Nationalism


The G8 summit should resist pressures to resort to economic nationalism and should further strengthen international cooperation to meet the challenges posed by the global recession, climate change and product counterfeiting, the International Chamber of Commerce (ICC) urged Italian Prime Minister Silvio Berlusconi today.The Paris-based ICC is the largest, most representative private-sector association in the world, with hundreds of thousands of member companies in over 130 countries. The United States Council for International Business (USCIB), based in New York, serves as ICC's American ...


Nigeria: Next G-20 Summit Must Focus On Developing Africa


The Group of 20 developed nations has been urged to focus the next G-20 summit on financing development if the negative impact of the global economic crisis on Africa is to be minimized. The World Bank Vice President for the Africa Region, Mrs. Obiageli Ezekwesili, stated this recently in a keynote address delivered at the inauguration of the 2009 Annual Conference organized by the Washington-based Society for International Development on the theme "Finding Common Ground on Foreign Aid". Mrs. Ezekwesili told participants that the global financial crisis dangles the specter of political ...


G20 meeting taken too seriously


Almost everyone took the meeting of the G20 in London too seriously. Pundits and critics have been analyzing it as if it had been designed to accomplish some change in policies by the states which participated. The fact is that everyone who went knew in advance that nothing of any significance would change as a result of the meeting, and that the few minor changes that were adopted could easily have been arranged without the meeting. It is true that the G-20 agreed to put together a package of 1.1 trillion dollars to be given to the International Monetary Fund (IMF). Fourthly, 1.1 trillion ...



 
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