1. GLOBAL CRISIS: global response?
- Author
-
Woods, Ngaire
- Subjects
- *
GLOBAL Financial Crisis, 2008-2009 , *FINANCIAL services industry , *FINANCIAL institutions - Abstract
The article discusses the cooperation among the world's leading economies to respond to the 2008 global financial crises. It cites the progress on the promises of the Group of 20 (G20) countries plan such as disinterest on the promised global finance regulation, absence of the promised assistance to the poor countries and their unwillingness to give up its control of the international financial institutions. A full partnership and cooperation by the G7 economies with the new powers such as China, Brazil and India to stabilize global economy is suggested.
- Published
- 2009