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151 1 speech - Did the G20 Summit accomplish any of its...

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Did the G20 Summit accomplish any of its goals Today I will be answering the question, Did the G20 Summit accomplish any of its goals. My answer is a definitive no. we will be analyzing this question through three main points. First we will address the g20 summit’s utter lack of concrete policy. Second we will look at its failure in establishing currency agreements between china and the us. Finally we will look at its failure in establishing freetrade agreements between the US and south korea.
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So lets look at the first reason why the G20 summit should be marked up as a failure. There was virtually no concrete economic policy that was produced from the meeting. In a world market that is in dire need of bold coordinated policy, the g20 summit did not come close to providing it. The American magaizine reports on November 16 2010 that, “Global equity and credit markets remain highly fragile, and most analysts expect developed economies to experience significantly negative growth for the next few quarters.” In a climate where leaders at the g20 summit should have been focusing on immediate fiscal stimulis programs, the only thing the leaders produced was a nebulous commitment to, “take whatever actions might be necessary” to stablize global financial markets. Thus looking at the results of
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This note was uploaded on 10/26/2011 for the course COMM 103a taught by Professor Staff during the Spring '11 term at UCLA.

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151 1 speech - Did the G20 Summit accomplish any of its...

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