G-8 opens door to 5 developing market economies
Leaders of the exclusive club of eight industrialized nations open up their forum yesterday to the five fastest developing market economies - Brazil, China, India, Mexico and South Africa - tacit admission that their leadership alone is not enough to fix the world's major problems.
The so-called Group of Five, making their fifth straight appearance at the annual summit, albeit as invited guests, will discuss climate change, development aid, global economic growth and international trade with their Group of Eight counterparts - all topics touched on by G-8 leaders meeting on their own on Wednesday.
The G-5, along with special guest Egypt, on Wednesday urged a resumption of the stalled Doha trade round, noting that the developing countries were particularly damaged by protectionist trends emerging from the global economic crisis
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The so-called Group of Five, making their fifth straight appearance at the annual summit, albeit as invited guests, will discuss climate change, development aid, global economic growth and international trade with their Group of Eight counterparts - all topics touched on by G-8 leaders meeting on their own on Wednesday.
The G-5, along with special guest Egypt, on Wednesday urged a resumption of the stalled Doha trade round, noting that the developing countries were particularly damaged by protectionist trends emerging from the global economic crisis
To read the full article, click here..
To read the ePaper, visit: http://epaper.sunstar.com.ph
Labels: annual summit, climate change, developing countries, developing market economies, development aid, doha, doha trade round, g5, g8, g8 opens door, g8 summit, italy
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