World leaders seek to head off deep recession

World leaders seek to head off deep recession

www.msnbc.msn.com

WASHINGTON - Leaders of the world's biggest economies sought on Saturday to settle their remaining differences over an emergency plan to blunt the bite of the worst financial crisis in decades.

Presidents and prime ministers from the powers of the 20th Century joined the heads of new economic heavyweights such as export colossus China and oil-rich Saudi Arabia.

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[edit on 15-11-2008 by ModernAcademia]

"One of the dangers during a crisis such as this is that people will start implementing protectionist policies."

NO, one of the dangers of this is NOT implementing protectionist policies.

Who are the two countries showing the most growth?
India and China and India has huge protectionist policies.
I was sad to learn yesterday that Bombardier will be making trains in Dehli.

As well as new regulation, leaders are considering ways to open up global institutions such as the IMF to emerging economies whose export-funded reserve cashpiles have made them important economic players.

This as we all know is a horrible thing and will just expand american military bases in foreign land.




Really? Will people finally rise up?

www.msnbc.msn.com
(visit the link for the full news article)

How do we do that?
Educate Yourself!



[edit on 15-11-2008 by ModernAcademia]