Summary
How many more people are going to lose their jobs? How long will this recession last? The G20 summit was undoubtedly a political success. It reached a series of compromise agreements on economic policy, which probably will help the world to recover from the financial crisis.
The political gains are important; they include an improvement in relations between America and both China and Russia. The US is still the great world power in defence, in political influence and in economic capacity.See the full content of this document
Extract
Hope at Last - but Prepare for the Aftershocks
However, the US used to be in a class of its own. Now, the gap has become narrower. China has become the world's second most important economic power; Russia is still the second power in defence; the European Union is a comparable power in technology and population. Indi...
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