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	<title>Worldfocus &#187; economy</title>
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	<pubDate>Fri, 19 Mar 2010 21:04:56 +0000</pubDate>
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		<title>China commits massive funds to future high-speed rail</title>
		<link>http://worldfocus.org/blog/2010/01/19/china-commits-massive-funds-to-future-high-speed-rail/9314/</link>
		<comments>http://worldfocus.org/blog/2010/01/19/china-commits-massive-funds-to-future-high-speed-rail/9314/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 21:10:13 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<description><![CDATA[High-speed train travel is set to take over in China. New rail lines linking major cities are providing faster and faster routes for Chinese travelers.

China has committed almost $300 billion over the next decade to build the world's most expansive network of high-speed trains, according to National Public Radio.

The world's fastest train covers the the [...]]]></description>
			<content:encoded><![CDATA[<p>High-speed train travel is set to take over in China. New rail lines linking major cities are providing faster and faster routes for Chinese travelers.</p>
<p>China has committed almost $300 billion over the next decade to build the world&#8217;s most expansive network of high-speed trains, according to <a href="http://www.npr.org/templates/story/story.php?storyId=122179548" target="_blank">National Public Radio</a>.</p>
<p>The <a href="http://www.dailymail.co.uk/news/worldnews/article-1238496/Unveiled-Chinas-245mph-train-service-worlds-fastest--completed-just-FOUR-years.html#ixzz0d5rkYSgy" target="_blank">world&#8217;s fastest train</a> covers the the 664-mile Guangzhou-Wuhan trip in just three hours &#8212; at an average speed of 217 mph.</p>
<p>From <a href="http://markschinablog.blogspot.com/" target="_blank">Mark&#8217;s China Blog</a>, critique and comments from China:<a href="http://markschinablog.blogspot.com/" target="_blank"><br />
</a></p>
<blockquote><p>&#8220;This high-speed train development is great. Chinese trains are so crowded now. Adding high-speed trains onto the already running trains is going to make train travel much easier throughout the country. Such development will also decrease dependency on air travel.&#8221;</p></blockquote>
<p><a href="http://www.nytimes.com/2009/12/23/world/asia/23iht-letter.html" target="_blank">Critics</a> argue that China is spending vast amounts of resources on public works projects accessible only to the wealthy, saying that money would be better spent increasing social services for the general public.</p>
<p>Recently, Hong Kong lawmakers <a href="http://www.bloomberg.com/apps/news?pid=20601080&amp;sid=acSQjC6nssgo" target="_blank">agreed</a> to connect the city to China&#8217;s high-speed rail system. The project was originally delayed over concerns that homes would be destroyed in rural areas.</p>
<p>View the map of current and planned high-speed rail in East Asia:</p>
<div class="captionRight">
<table border="0">
<tbody>
<tr>
<td><img class="alignnone size-medium wp-image-9313" title="imgw_asia_highspeed" src="http://worldfocus.org/files/2010/01/imgw_asia_highspeed.jpg" alt="" width="600" height="400" /></p>
<p>Wikimedia Commons&#8217; <a href="http://en.wikipedia.org/wiki/File:AsiaHSR_2009.png" target="_blank">map of Asia high-speed rail<br />
</a></td>
</tr>
</tbody>
</table>
</div>
<p>In an op-ed <a href="http://www.nytimes.com/2010/01/10/opinion/10friedman.html" target="_blank">Thomas Friedman</a> quotes the <em>New York Times</em> Hong Kong bureau chief, <a href="http://topics.nytimes.com/topics/reference/timestopics/people/b/keith_bradsher/index.html" target="_blank">Keith Bradsher</a>:</p>
<blockquote><p>&#8220;China has nearly finished the construction of a high-speed rail route from Beijing to Shanghai at a cost of $23.5 billion. Trains will cover the 700-mile route in just five hours, compared with 12 hours today. By comparison, Amtrak trains require at least 18 hours to travel a similar distance from New York to Chicago.”</p></blockquote>
<p>There is currently only one high-speed rail line in the U.S. (in <em>blue</em> below) &#8212; the Northeast Corridor&#8217;s Acela express train from Boston to Washington, D.C.</p>
<p>In comparison to China, the U.S. has only <a href="http://www.npr.org/templates/story/story.php?storyId=122179548" target="_blank">committed $13 billion</a> over the next five years for high-speed rail construction. There are ambitious plans for 11 different high-speed lines (in <em>red</em> below):</p>
<div class="captionRight">
<table border="0">
<tbody>
<tr>
<td><img class="alignnone size-medium wp-image-9311" title="imgw_us_highspeed" src="http://worldfocus.org/files/2010/01/imgw_us_highspeed.jpg" alt="" width="600" height="410" /></p>
<p>Map by the U.S. Dept. of Transportation&#8217;s <a href="http://www.fra.dot.gov/downloads/rrdev/hsrstrategicplan.pdf" target="_blank">Federal Railroad Administration</a></td>
</tr>
</tbody>
</table>
<p><a href="http://www.smartertravel.com/travel-advice/bio.php?id=ed" target="_blank">Ed Perkins</a>, travel writer at Smarter Travel, compares <a href="http://www.smartertravel.com/travel-advice/new-high-speed-rail-routes-in-europe-and-asia.html?id=3992029" target="_blank">European and U.S. rail travel</a>:</p>
<blockquote><p>&#8220;The United States forms committees and does studies; Europe and Asia build and operate. That&#8217;s been the recent picture for high-speed rail, and it continued through 2009. European railroads completed some important links in 2009, and several Asian countries are operating long stretches of 160-mph-plus systems.&#8221;</p></blockquote>
<p>Yonah Freemark of <a href="http://www.thetransportpolitic.com/2009/12/11/european-high-speed-rail-expands-across-the-continent-with-five-new-line-segments/" target="_blank">The Transport Politic</a> explains the recent expansion of the <a href="http://www.thetransportpolitic.com/2009/12/11/european-high-speed-rail-expands-across-the-continent-with-five-new-line-segments/" target="_blank">European high-speed rail </a><a href="http://www.thetransportpolitic.com/2009/12/11/european-high-speed-rail-expands-across-the-continent-with-five-new-line-segments/" target="_blank">system</a>:</p>
<blockquote><p>&#8220;Truly high-speed train travel, once confined to a few isolated corridors in France, Italy, and Germany, is rapidly expanding across Europe. With the opening [last month] of five new track segments to operations at more than 250 km/h (155 mph), the trend continues.&#8221;</p></blockquote>
<p>View the map of high-speed rail lines in Europe:</p>
<div class="captionRight">
<table border="0">
<tbody>
<tr>
<td><a href="http://worldfocus.org/files/2010/01/imgw_europe_highspeed2.jpg"><img class="alignnone size-medium wp-image-9329" title="imgw_europe_highspeed2" src="http://worldfocus.org/files/2010/01/imgw_europe_highspeed2.jpg" alt="" width="600" height="430" /></a></p>
<p>Wikimedia Commons&#8217; <a href="http://en.wikipedia.org/wiki/File:High_Speed_Railroad_Map_Europe_2009.gif" target="_blank">map of Europe high-speed rail </a></td>
</tr>
</tbody>
</table>
</div>
</div>
<listpage_excerpt>High-speed train travel is set to take over in China. New lines linking major cities are providing faster and faster routes. China has committed almost $300 billion over the next decade to build the planet&#8217;s most expansive high-speed network. The world&#8217;s fastest train covers the 664-mile Guangzhou-Wuhan trip in just three hours &#8212; an average speed of 217 mph.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2010/01/th_asia_highspeed.jpg</post_thumbnail>
]]></content:encoded>
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		<title>Japan&#8217;s top airline goes bankrupt, leaving 16,000 jobless</title>
		<link>http://worldfocus.org/blog/2010/01/19/japans-top-airline-goes-bankrupt-leaving-16000-jobless/9308/</link>
		<comments>http://worldfocus.org/blog/2010/01/19/japans-top-airline-goes-bankrupt-leaving-16000-jobless/9308/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 20:59:02 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<guid isPermaLink="false">http://worldfocus.org/?p=9308</guid>
		<description><![CDATA[In a new setback for Japan today, Japan Airlines, the country's top carrier, filed for bankruptcy protection. The company is staggering under almost $26 billion in debt.

It will cut almost 16,000 jobs, reduce pensions and cut routes. The airline will also be removed from the Tokyo Stock Exchange next month, wiping out investors.

Here's how Deutsche [...]]]></description>
			<content:encoded><![CDATA[<p>In a new setback for Japan today, <a href="http://www.jal.com/" target="_blank">Japan Airlines</a>, the country&#8217;s top carrier, <a href="http://www.usatoday.com/money/industries/travel/2010-01-19-japan-airlines-bankruptcy-restructuring_N.htm" target="_blank">filed for bankruptcy protection</a>. The company is staggering under almost $26 billion in debt.</p>
<p>It will cut almost 16,000 jobs, reduce pensions and cut routes. The airline will also be removed from the Tokyo Stock Exchange next month, wiping out investors.</p>
<p>Here&#8217;s how <a href="http://www.dw-world.de/dw/0,,266,00.html" target="_blank">Deutsche Welle</a>, our German partner, covered the demise of a Japanese giant.</p>
<input type="hidden" name="pid" id="pid" value="ghmebActMnugHTr4Pn740ZKbb_6YzB4T">(View full post to see video)
<listpage_excerpt>In a new setback for Japan today, Japan Airlines, the country&#8217;s top carrier, filed for bankruptcy protection. The company is staggering under almost $26 billion in debt. It will cut almost 16,000 jobs, reduce pensions and cut routes. Here&#8217;s how Deutsche Welle covered the demise of a Japanese giant.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2010/01/th_japan_deutschewelle.jpg</post_thumbnail>
<post_thumbnail_videopage>http://worldfocus.org/files/2010/01/th_japan_deutschewelle.jpg</post_thumbnail_videopage>
]]></content:encoded>
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		<title>The Top 10 Innovative Global Solutions of the Decade</title>
		<link>http://worldfocus.org/blog/2009/12/30/the-top-10-innovative-global-solutions-of-the-decade/8991/</link>
		<comments>http://worldfocus.org/blog/2009/12/30/the-top-10-innovative-global-solutions-of-the-decade/8991/#comments</comments>
		<pubDate>Thu, 31 Dec 2009 00:20:26 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<category><![CDATA[Worldfocus Best of 2009]]></category>

		<guid isPermaLink="false">http://worldfocus.org/?p=8991</guid>
		<description><![CDATA[The Worldfocus newsroom celebrates the end of the decade with a look at some of the smartest ideas worldwide.

Here's our eclectic list of ten innovative solutions to social, economic and political problems around the globe, drawing from our Signature series reporting, as well as other sources.

View our slideshow of the top ten choices:



Politics:
Rwanda -- The [...]]]></description>
			<content:encoded><![CDATA[<p>The Worldfocus newsroom celebrates the end of the decade with a look at some of the smartest ideas worldwide.</p>
<p>Here&#8217;s our eclectic list of ten innovative solutions to social, economic and political problems around the globe, drawing from our Signature series reporting, as well as other sources.</p>
<p>View our slideshow of the top ten choices:</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="100%" height="400" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="flashvars" value="clickToStart=true" /><param name="src" value="http://www.vuvox.com/collage_express/collage.swf?collageID=01c77f9fdb" /><embed type="application/x-shockwave-flash" width="100%" height="400" src="http://www.vuvox.com/collage_express/collage.swf?collageID=01c77f9fdb" flashvars="clickToStart=true" allowfullscreen="true"></embed></object></p>
<p><strong><em>Politics</em>:</strong></p>
<blockquote><p><strong>Rwanda </strong>&#8211; The small East African nation is the only country in the world with a <a title="Women Run the Show In a Recovering Rwanda" href="http://www.washingtonpost.com/wp-dyn/content/article/2008/10/26/AR2008102602197.html" target="_blank">female majority in parliament</a> &#8212; women hold 56 percent of parliamentary seats.</p>
<p>The political rise of women is partly due to the country’s <a href="http://www.quotaproject.org/aboutQuotas.cfm" target="_blank">electoral quota</a> (at least 30 percent female) and is also a consequence of male deaths during the country’s 1994 genocide.</p>
<p>Still, Rwandan voters have elected women in numbers well beyond the mandates dictated by the post-genocide constitution. And though women in Rwanda still face discrimination, female legislators have influenced major reforms in banking and property laws.</p>
<p>Worldfocus special correspondent Martin Seemungal spoke to some of the <a title="Women rank high in Rwanda’s government" href="http://worldfocus.org/blog/2008/12/08/women-rank-high-in-rwandas-government/3146/" target="_self">powerful women</a> in Rwanda who are guiding the country through a long process of reconciliation, including <a href="http://www.orinfor.gov.rw/DOCS/Personalite1.htm" target="_blank">Aloysie Cyanzaire</a>, chief justice of Rwanda&#8217;s Supreme Court.</p></blockquote>
<blockquote><p><strong>Iran</strong> &#8212; This was the decade that social media grew up. Activists in countries around the world &#8212; from <a title="The Role of Digital Networked Technologies in the Ukrainian Orange Revolution" href="http://cyber.law.harvard.edu/publications/2007/The_Role_of_Digital_Networked_Technologies_in_the_Ukranian_Orange_Revolution" target="_blank">Ukraine</a> and <a title="Moldova's Twitter Revolution" href="http://neteffect.foreignpolicy.com/posts/2009/04/07/moldovas_twitter_revolution" target="_blank">Moldova</a> to <a title="Blogs grow up in Madagascar crisis " href="http://news.bbc.co.uk/2/hi/africa/8196062.stm" target="_blank">Madagascar</a> &#8211;  used Internet-based communications to amplify their political protests.</p>
<p>While some commentators <a title="Unpacking “The Twitter Revolution” In Moldova" href="http://www.worldchanging.com/archives/009732.html" target="_blank">take issue</a> with the now well-worn term, &#8220;<a title="Iran’s “Twitter Revolution” — myth or reality?" href="http://worldfocus.org/blog/2009/06/18/irans-twitter-revolution-myth-or-reality/5869/" target="_self">Twitter Revolution</a>,&#8221; there is no doubt that the opposition movement in Iran has used social media to take political dissent to a new level.</p>
<p>After authorities expelled or incapacitated foreign media in the aftermath of the disputed presidential elections of June 2009, words and pictures shared via <a href="http://twitter.com/#search?q=%23iranelection" target="_blank">Twitter</a>, <a href="http://www.youtube.com/watch?v=Ns5cGtXzOjI" target="_blank">Youtube</a>, and <a href="http://www.facebook.com/search/?q=iran+elections+&amp;init=quick#/IranElectionNews?ref=search&amp;sid=687495978.709567861..1" target="_blank">Facebook</a> became the go-to sources for news about the Iranian opposition&#8217;s &#8220;green&#8221; movement.</p></blockquote>
<p><strong><em>Technology</em>:</strong></p>
<blockquote><p><strong>Estonia</strong> &#8212; The tiny Baltic nation of <a href="https://www.cia.gov/library/publications/the-world-factbook/geos/en.html" target="_blank">Estonia</a> has embraced the digital age. It boasts hundreds of <a href="http://www.la-sofiaplrconference2007.org/7plr/pdf/estonie_eng.pdf" target="_blank">free public internet</a> access points, and all Estonian schools are connected to the Internet.</p>
<p>Online phone service <a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/10/15/AR2007101501325.html" target="_blank">Skype</a> grew up in Estonia&#8217;s capital, Tallinn. Citizens can vote online, and they access official documents, bank accounts and public transportation with national identity cards.</p>
<p>Worldfocus anchor Daljit Dhaliwal and producers Sally Garner and Ara Ayer reported on <a title="Estonia becomes E-stonia with digital revolution" href="http://worldfocus.org/blog/2009/04/07/estonia-becomes-e-stonia-with-digital-revolution/4825/" target="_self">E-Stonia</a> in the spring of 2009.</p>
<p><strong>Israel</strong> &#8212; Because of its small size and urgent need to reduce its dependence on foreign oil, Israel may be the perfect incubator for a concept that still seems very futuristic &#8212; the electric car.</p>
<p>Headed by Israeli entrepreneur <a title="Stars align for maker of electric car infrastructure" href="http://www.iht.com/articles/2009/02/08/business/electric.4-425408.php" target="_blank">Shai Agassi</a>, the company <a title="Better Place" href="http://www.betterplace.com/" target="_blank">Better Place</a> has installed thousands of electric charging stations around the country. Worldfocus special correspondent Michael Greenspan and producers Yuval Lion and Ara Ayer reported on the progress of the <a title="Israeli company builds infrastructure for world’s electric cars" href="http://worldfocus.org/blog/2009/02/09/israeli-company-builds-infrastructure-for-worlds-electric-cars/3977/" target="_blank">electric car</a> in Israel earlier this year.</p></blockquote>
<p><strong><em>Environment</em></strong>:</p>
<blockquote><p><strong>Denmark</strong> &#8212; Long before Copenhagen, the Scandinavian nation had made huge advances in energy efficiency.</p>
<p>In the last 20 years, the Danish economy has <a href="http://www.energy.siemens.com/hq/pool/hq/energy-topics/living-energy/downloads/essay_decarbonisation_of_denmark.pdf" target="_blank">grown 78 percent</a> even while its energy usage has remained constant and its carbon emissions reduced. The country has also become a net exporter of energy; wind alone has created 30,000 new jobs.</p>
<p>Special correspondent John Larson reported on the Danish miracle in our Worldfocus series &#8220;<a href="http://worldfocus.org/blog/tag/green-energy-in-denmark/" target="_self">Green Energy in Denmark</a>.&#8221;</p>
<p><strong>Guyana </strong>&#8211; This year, Guyana&#8217;s President Bharrat Jagdeo proposed a <a href="http://www.ecoseed.org/en/general-green-news/green-politics/green-policies/americas/5609-Guyana-lays-out-low-carbon-plan-through-deforestation" target="_blank">low-carbon development strategy</a> that compensates the nation for conserving <a href="http://www.nytimes.com/2009/12/08/business/global/08iht-rbogeco.html" target="_blank">its rainforests</a>, which make up about 80% of the land.</p>
<p>It is likely to be the test-case for the U.N. plan to reduce deforestation worldwide.</p></blockquote>
<p><strong><em>Economy</em></strong>:</p>
<blockquote><p><strong>Brazil </strong>&#8211; Building on the success of similar programs in Mexico, Brazil has implemented a strategy aimed at curbing poverty and promoting education.</p>
<p>The <a title=" Bolsa Família: Changing the Lives of Millions in Brazil" href="http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/LACEXT/BRAZILEXTN/0,,contentMDK:21447054~pagePK:141137~piPK:141127~theSitePK:322341,00.html" target="_blank">Bolsa Familia</a> provides more than 11 million impoverished families with a stipend, in return for guarantees that families will send their children to school.</p>
<p>Since its inception in 2003, the <a href="http://www6.dswd.gov.ph/index.php/archive/194-brazils-minister-of-social-development-provides-briefing-on-bolsa-familia" target="_blank">poverty rate in Brazil</a> has fallen from 34% to 22%, according to government statistics.</p>
<p><strong>Bangladesh</strong> &#8212; In 2006, the Nobel Committee <a href="http://nobelprize.org/nobel_prizes/peace/laureates/2006/press.html" target="_blank">awarded</a> the Grameen Bank and founder Muhammad Yunus the Nobel Peace Prize &#8212; a sign of the widespread acceptance of microfinance as a means of combating poverty.</p>
<p>As a group of <a href="http://kristof.blogs.nytimes.com/2009/12/28/the-role-of-microfinance/" target="_blank">economics professors</a> summarized: &#8220;Microcredit is undoubtedly the most visible innovation in anti-poverty policy in the last half century.&#8221;</p></blockquote>
<p><strong><em>Health</em></strong>:</p>
<blockquote><p><strong>Bhutan</strong> &#8212; The former king of the tiny mountain kingdom of Bhutan pioneered the concept of <a href="http://www.grossnationalhappiness.com/" target="_blank">gross national happiness</a>. The idea has spread, and Bhutan continues to inspire other countries.</p>
<p>Last year, the government of Bhutan adopted a new <a href="http://www.constitution.bt/html/constitution/articles.htm" target="_blank">Constitution</a>, which mandates that government programs be evaluated based on the <a href="http://www.nytimes.com/2009/05/07/world/asia/07bhutan.html" target="_blank">happiness</a> that they foster.</p>
<p><strong>Senegal </strong>&#8211; An innovative grassroots initiative begun in Senegal to combat female genital mutilation has spread to other African nations.</p>
<p>The NGO <a href="http://www.tostan.org/" target="_blank">Tostan</a> uses a community empowerment model and and now encompasses work on health, human rights, and democracy. <a href="http://www.tostan.org/web/module/events/pressID/136/interior.asp" target="_blank"></a></p>
<p><a href="http://www.tostan.org/web/module/events/pressID/136/interior.asp" target="_blank">More than 4,000 villages</a> in Senegal have made public declarations against female genital mutilation and child marriage.</p></blockquote>
<listpage_excerpt>The Worldfocus newsroom celebrates the end of the decade with a look at some of the smartest ideas worldwide. We produced an eclectic list of ten innovative solutions to social and political problems. View a slideshow of the winners &#8212; from Bangladesh and Bhutan to Guyana and Rwanda.</listpage_excerpt>
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		<title>China extends its commercial reach into Afghanistan</title>
		<link>http://worldfocus.org/blog/2009/12/30/china-extends-its-commercial-reach-into-afghanistan/9062/</link>
		<comments>http://worldfocus.org/blog/2009/12/30/china-extends-its-commercial-reach-into-afghanistan/9062/#comments</comments>
		<pubDate>Wed, 30 Dec 2009 23:28:10 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<guid isPermaLink="false">http://worldfocus.org/?p=9062</guid>
		<description><![CDATA[China has spent 3.5 billion dollars to purchase a huge copper mine in Afghanistan, the largest foreign investment project in that country.

Roben Farzad, a senior writer for BusinessWeek, joins Martin Savidge to discuss China's increasingly assertive role on the world stage, as well as the state of the global economy as 2009 draws to a [...]]]></description>
			<content:encoded><![CDATA[<p>China has spent 3.5 billion dollars to purchase a huge copper mine in Afghanistan, the <a href="http://www.nytimes.com/2009/12/30/world/asia/30mine.html?ref=world" target="_blank">largest foreign investment project</a> in that country.</p>
<p><a title="Roben Farzad" href="http://www.businessweek.com/bios/Roben_Farzad.htm" target="_blank">Roben Farzad</a>, a senior writer for BusinessWeek, joins Martin Savidge to discuss China&#8217;s increasingly assertive role on the world stage, as well as the state of the global economy as 2009 draws to a close.</p>
<input type="hidden" name="pid" id="pid" value="1WDgFjV41ri3mj4Sf2N6scEfP_ftl_Mr">(View full post to see video)
<listpage_excerpt>China has spent 3.5 billion dollars to purchase a huge copper mine in Afghanistan &#8212; the largest foreign investment project in that country. Roben Farzad, a senior writer for BusinessWeek, joins Martin Savidge to discuss China&#8217;s increasingly assertive role on the world stage and the state of the global economy as the year 2009 draws to a close. </listpage_excerpt>
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		<title>Climate change debate pits economy against nature</title>
		<link>http://worldfocus.org/blog/2009/12/17/climate-change-debate-pits-economy-against-nature/8938/</link>
		<comments>http://worldfocus.org/blog/2009/12/17/climate-change-debate-pits-economy-against-nature/8938/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 21:40:01 +0000</pubDate>
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		<guid isPermaLink="false">http://worldfocus.org/?p=8938</guid>
		<description><![CDATA[Finding a solution to climate change will involve a balancing act that addresses human and economic needs and ensures the long-term future of the natural world.

The debate is often portrayed as an "either-or" proposition in which economic needs trump nature. But are these two really at odds with each other?

For a closer look at the [...]]]></description>
			<content:encoded><![CDATA[<p>Finding a solution to climate change will involve a balancing act that addresses human and economic needs and ensures the long-term future of the natural world.</p>
<p>The debate is often portrayed as an &#8220;either-or&#8221; proposition in which economic needs trump nature. But are these two really at odds with each other?</p>
<p>For a closer look at the impact of climate change on nature, Daljit Dhaliwal speaks with <a href="http://www.wcs.org/new-and-noteworthy/foreign-affairs-09.aspx" target="_blank">Steve Sanderson</a>, president and CEO of the Wildlife Conservation Society.</p>
<input type="hidden" name="pid" id="pid" value="tL7J_z7_D3h4uDQg4lU9N3Cxq8tUeM0h">(View full post to see video)
<listpage_excerpt>Finding a solution to climate change will involve a balancing act that addresses human and economic needs and ensures the long-term future of the natural world. The debate is often portrayed as an &#8220;either-or&#8221; proposition in which economic needs trump nature. For a closer look at the impact of climate change on nature, Daljit Dhaliwal speaks with Steve Sanderson.</listpage_excerpt>
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<post_thumbnail_videopage>http://worldfocus.org/files/2009/12/th_intv_sanderson.jpg</post_thumbnail_videopage>
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		<title>The legacy of the &#8216;Chicago Boys&#8217; lives on in Chile</title>
		<link>http://worldfocus.org/blog/2009/12/09/the-legacy-of-the-chicago-boys-lives-on-in-chile/8819/</link>
		<comments>http://worldfocus.org/blog/2009/12/09/the-legacy-of-the-chicago-boys-lives-on-in-chile/8819/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 21:25:27 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<guid isPermaLink="false">http://worldfocus.org/?p=8819</guid>
		<description><![CDATA[Chile is one of South America's most prosperous nations -- a result, some say, of the interventions of American economists during the dictatorship of Augusto Pinochet.

Worldfocus special correspondent Edie Magnus and producer Ara Ayer traveled to Chile earlier this year to explore the legacy of the so-called  "The Chicago Boys,"   economists whose [...]]]></description>
			<content:encoded><![CDATA[<p>Chile is one of South America&#8217;s most prosperous nations &#8212; a result, some say, of the interventions of American economists during the dictatorship of Augusto Pinochet.</p>
<p>Worldfocus special correspondent <a title="Edie Magnus" href="http://worldfocus.org/blog/tag/edie-magnus/" target="_self">Edie Magnus</a> and producer <a title="Ara Ayer" href="http://worldfocus.org/blog/tag/ara-ayer/" target="_self">Ara Ayer</a> traveled to Chile earlier this year to explore the legacy of the so-called  &#8220;The Chicago Boys,&#8221;   economists whose policies still impact modern-day Chile.</p>
<input type="hidden" name="pid" id="pid" value="4sBoCmdHHjOUxnYToLDfv0d_5lJJJBrU">(View full post to see video)
<p><em>For more Worldfocus coverage of the Chilean Economy, <a href="http://worldfocus.org/blog/tag/chilean-economy/">click here.</a></em></p>
<listpage_excerpt>Chile is among Latin America&#8217;s most prosperous nations. Some analysts partially attribute the success to a group of economists from Chicago. Worldfocus special correspondent Edie Magnus traveled to Chile earlier this year to explore the lasting legacy of the &#8220;Chicago Boys.&#8221;</listpage_excerpt>
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		<title>Worldfocus Radio: Chile&#8217;s Growing Pains</title>
		<link>http://worldfocus.org/blog/2009/12/02/worldfocus-radio-chiles-growing-pains/8685/</link>
		<comments>http://worldfocus.org/blog/2009/12/02/worldfocus-radio-chiles-growing-pains/8685/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 01:22:19 +0000</pubDate>
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		<guid isPermaLink="false">http://worldfocus.org/?p=8685</guid>
		<description><![CDATA[Chile's economic "miracle" has lifted Chileans from poverty and become a fiscal model for Latin America. Martin Savidge hosts Peter Winn and Victoria Hurtado to discuss the underside of Chile's prosperity, focusing on the middle class, the persistent inequality and the youth generation. TUNE IN on Thursday, Dec. 3 at 12 p.m. EST.]]></description>
			<content:encoded><![CDATA[<p><center><img style="visibility:hidden;width:0px;height:0px;" border=0 width=0 height=0 src="http://counters.gigya.com/wildfire/IMP/CXNID=2000002.0NXC/bT*xJmx*PTEyNTk4NjMyNDg1NzMmcHQ9MTI1OTg2MzI1MDUzOSZwPTQ1MDk3MiZkPSZnPTImbz*xMGQ2ZjBhOThlNzc*YjI2YWQ4OWM4MGU1MTIwM2M*MCZvZj*w.gif" /><embed src="http://www.blogtalkradio.com/btrplayer.swf?file=http%3A%2F%2Fwww%2Eblogtalkradio%2Ecom%2Fplaylist%2Easpx%3Fshow%5Fid%3D806797&#038;autostart=false&#038;bufferlength=5&#038;volume=100&#038;borderweight=1&#038;bordercolor=#999999&#038;backgroundcolor=#FFFFFF&#038;dashboardcolor=#0098CB&#038;textcolor=#FFFFFF&#038;detailscolor=#FFFFFF&#038;playlistcolor=#999999&#038;playlisthovercolor=#333333&#038;cornerradius=10&#038;callback=http://www.blogtalkradio.com/FlashPlayerCallback.aspx?referrer_url=/show.aspx&#038;C1=7&#038;C2=6042973&#038;C3=31&#038;C4=&#038;C5=&#038;C6=" width="280" height="105" quality="high" pluginspage="http://www.adobe.com/go/getflashplayer" type="application/x-shockwave-flash" wmode="transparent" menu="false" allowScriptAccess="always"></embed></center></p>
<p>Chile&#8217;s economic &#8220;miracle&#8221; has lifted many Chileans from poverty and become a fiscal model for Latin America. Since the 1980s, Chile&#8217;s has halved the number of people below the poverty line.</p>
<p>But while the middle class grows, the divide between rich and poor deepens. Moreover, middle-class Chileans are under more stress and working longer hours than before.</p>
<p>Martin Savidge hosts Peter Winn and Victoria Hurtado to discuss the underside of Chile&#8217;s prosperity, focusing on the middle class, growing inequality and the younger generation.</p>
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<td><img class="alignnone size-medium wp-image-8709" title="imgw_chile_crowd" src="http://worldfocus.org/files/2009/12/imgw_chile_crowd.jpg" alt="" width="307" height="230" /></p>
<p>On the streets of Santiago, Chile.</td>
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<p>GUESTS:</p>
<p><strong>Victoria Hurtado</strong> is a lawyer from Universidad de Chile who worked at the finance ministry and now teaches about democracy and governance at Universidad Adolfo Ibañez. She is the founder of <a title="Tendencias Politicas" href="http://www.tendenciaspoliticas.cl/" target="_blank">Tendencias Politicas</a> and <a title="Orbitando" href="http://www.orbitando.com/" target="_blank">Orbitando</a>, websites that aggregate more than 30,000 Chilean blogs. She has also published two bilingual children books, &#8220;The Vegetarian Mosquito&#8221; and &#8220;The Psychic Penguin,&#8221; to enhance values for global citizens. Currently, she collaborates as a writer for “Que Pasa” magazine.</p>
<p><a title="Peter Winn" href="http://ase.tufts.edu/history/faculty/winn.asp" target="_blank"><strong>Peter  Winn</strong></a> is professor of history and international relations at Tufts University and a senior research associate at Columbia University&#8217;s Institute of Latin American Studies. Winn has authored and edited several books on Latin America, including an oral history of Allende&#8217;s Chile, <em>Weavers of Revolution</em>,<em> Victims of the Chilean Miracle: Workers and Neoliberalism in the Pinochet Era</em>, and <em>Americas: The Changing Face of Latin America and the Caribbean</em>, a companion volume to the PBS series of the same name.</p>
<p><em>Credits:<br />
Host: Martin Savidge<br />
Producers: Lisa Biagiotti and Ben Piven<br />
Researchers: Michael Ramirez and Geneva Sands-Sadowitz</em></p>
<listpage_excerpt>Chile&#8217;s economic &#8220;miracle&#8221; has lifted many Chileans from poverty and become a fiscal model for Latin America. Martin Savidge hosts Peter Winn and Victoria Hurtado to discuss the underside of Chile&#8217;s prosperity, focusing on the middle class, growing inequality and the younger generation. </listpage_excerpt>
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		<title>Investors worry Dubai financial woes may spread</title>
		<link>http://worldfocus.org/blog/2009/11/27/investors-worry-dubai-financial-woes-may-spread/8625/</link>
		<comments>http://worldfocus.org/blog/2009/11/27/investors-worry-dubai-financial-woes-may-spread/8625/#comments</comments>
		<pubDate>Fri, 27 Nov 2009 16:33:41 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<guid isPermaLink="false">http://worldfocus.org/?p=8625</guid>
		<description><![CDATA[Stocks sank in Asia, Europe and the U.S. this week after reports that the government-owned investment arm of Dubai in the United Arab Emirates cannot pay back its loans to banks in Europe and Asia.

Marcus Mabry, international business editor of The New York Times, joins Martin Savidge to discuss the ripple effects on the global [...]]]></description>
			<content:encoded><![CDATA[<p>Stocks sank in Asia, Europe and the U.S. this week after reports that the government-owned investment arm of Dubai in the United Arab Emirates <a title="Dubai Debt Troubles Push Down Stocks in U.S. and Asia" href="http://www.nytimes.com/2009/11/28/business/28markets.html?hp" target="_blank">cannot pay back its loans</a> to banks in Europe and Asia.</p>
<p>Marcus Mabry, international business editor of <a title="New York Times" href="http://www.nytimes.com/pages/business/index.html?adxnnl=1&amp;adxnnlx=1259353918-jeEZ+CrHYqqTxCPWn9r/qQ" target="_blank">The New York Times</a>, joins Martin Savidge to discuss the ripple effects on the global economy, which had been showing signs of revitalization.</p>
<input type="hidden" name="pid" id="pid" value="c2JG8ziGdxXPPu8HY5zDlM74uskbY29M">(View full post to see video)
<listpage_excerpt>Stocks sank in Asia, Europe and the U.S. this week after reports that the government-owned investment arm of Dubai in the United Arab Emirates cannot pay back its loans to banks in Europe and Asia.  Marcus Mabry, international business editor of The New York Times, joins Martin Savidge to discuss the ripple effects on the global economy.</listpage_excerpt>
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		<title>North Korean economy sandwiched by the dragon and tiger</title>
		<link>http://worldfocus.org/blog/2009/11/20/north-korean-economy-sandwiched-by-the-dragon-and-tiger/8435/</link>
		<comments>http://worldfocus.org/blog/2009/11/20/north-korean-economy-sandwiched-by-the-dragon-and-tiger/8435/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 20:41:49 +0000</pubDate>
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		<guid isPermaLink="false">http://worldfocus.org/?p=8435</guid>
		<description><![CDATA[





A banner promoting North Korea's 150-day economic production campaign in August. Photo: Ben Piven



Part 6 of 6 in our Inside the Hermit Kingdom series on the people and culture of North Korea. Worldfocus multimedia producer Ben Piven writes about the contrast between the North Korean economy and the booming economies of South Korea and China.

"Why [...]]]></description>
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<p>A banner promoting North Korea&#8217;s 150-day economic production campaign in August. Photo: Ben Piven</td>
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<p><em>Part 6 of 6 in our <a href="http://worldfocus.org/blog/tag/inside-the-hermit-kingdom/" target="_blank">Inside the Hermit Kingdom</a> series on the people and culture of North Korea. Worldfocus multimedia producer Ben Piven writes about the contrast between the North Korean economy and the booming economies of South Korea and China.</em></p>
<p>&#8220;Why does <em>South</em> Korea produce Samsung, LG, and Hyundai?&#8221; I asked Jong, our 25-year-old North Korean tour guide.</p>
<p>She said that North Korea will manufacture sophisticated goods once the essentials &#8212; electrification and rice production &#8212; are covered. But the blank look on her face suggested that she better not discuss the issue.</p>
<p>Then, she perked up when someone asked about her own ideal job. She replied matter-of-factly, &#8220;I&#8217;d be a businesswoman.&#8221;</p>
<p>Jong&#8217;s 5,000 KPW (Korean People&#8217;s Won) monthly salary is equivalent to around $1.67. The official rate for the North Korean won is 142 per U.S. dollar, but due to severe inflation since the mid-1990&#8217;s, the black market rate is over 3000 KPW to $1.</p>
<p>Housing, health care and education are free in North Korea. But with her meager salary, Jong on her own could never afford the television or computer which her family of four (including her mother, father and grandmother) possess. Euros, dollars and Chinese yuan are needed for major purchases.</p>
<p>In North Korea, tourists are not permitted to enter non-tourist shops or purchase the local currency, since a negligible amount of foreign currency could buy out an entire store. Opening up shops and currency to the market would cause economic humiliation.</p>
<p>North Korea&#8217;s GDP is $1,700 per capita, 1/15 of South Korea&#8217;s, according to the <a href="https://www.cia.gov/library/publications/the-world-factbook/geos/kn.html" target="_blank">CIA Factbook</a>. Tied with Cote D&#8217;Ivoire and just a tad wealthier than Chad, North Korea is poorer than Laos and Cambodia. North Korea went from one of the most prosperous East Asian countries in the 1970s to the least prosperous today.</p>
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<td><img class="alignnone size-medium wp-image-8487" title="imgw_northkorea_bridge" src="http://worldfocus.org/files/2009/11/imgw_northkorea_bridge.jpg" alt="" width="307" height="230" /></p>
<p>A Yalu River bridge once connected North Korea with China but was bombed out by the U.S. during the Korean War. Photo: Ben Piven</td>
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<p>It wasn&#8217;t always this way. Having relied on the Soviets for economic inputs, North Korea developed faster than South Korea in the aftermath of the 1953 armistice that concluded the Korean War. The country&#8217;s infrastructure was mostly built from the late 50s to the early 70s, when the Soviet system was strong.</p>
<p>But by the 1980s rural South Korea had transformed into a tech-savvy urban tiger, and the stunted north turned more repressive after a number of aborted attempts to liberalize the economy.</p>
<p>The <a href="http://worldfocus.org/blog/2009/10/30/communist-north-korea-clings-to-juche-ideology/8055/">Juche state ideology</a> &#8212; which emphasizes economic self-reliance  &#8212; intensified around 1982, almost certainly in response to South Korea&#8217;s explosive economic growth. Today, the paradox is that North Korea may be isolated,  but it&#8217;s not self-reliant. The authoritarian state relies heavily on food and fuel aid from abroad &#8212; as well as, some say, criminal activities.</p>
<p>David Rose explains in <em>Vanity Fair</em> how the <a href="http://www.vanityfair.com/politics/features/2009/09/office-39-200909" target="_blank">Office 39 slush fund</a> supplies Kim&#8217;s personal coffers, his inner circle and the missile defense program. Annual revenues from decidedly un-Juche activities, including crystal meth sales and human trafficking, may surpass $1 billion.</p>
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<td><img class="alignnone size-medium wp-image-8491" title="imgw_northkorea_flags" src="http://worldfocus.org/files/2009/11/imgw_northkorea_flags.jpg" alt="" width="307" height="230" /></p>
<p>North Korea suffers economically from a strict economic embargo. Photo: Ben Piven</td>
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<p>According to Rose, the D.P.R.K. is also the world&#8217;s top producer of &#8220;supernote&#8221; counterfeit $100 bills. Since the government cannot legally borrow cash, military sales and criminal rackets generate enough hard currency to keep the regime from collapse.</p>
<p>Since Kim Jong-il implemented <a href="http://en.wikipedia.org/wiki/Songun" target="_blank"><em>songun</em></a> (military-first budget policy) in 1994, the nuclear program has propped up the regime but stunted the people&#8217;s health and welfare. And economic sanctions have further impoverished ordinary Koreans.</p>
<p>On our officially-sanctioned <a href="http://worldfocus.org/blog/2009/11/13/kim-jong-ils-north-korea-welcomes-legal-us-tourists/8165/" target="_self">tour</a>, we gawked at workers burning rubber shoes to pave roadways and saw only one functioning crane in five days. Like the country&#8217;s infrastructure, corn and rice plots were orderly but dilapidated. Peasants worked in large groups, then napped individually in tiny wooden shacks.</p>
<p>Except for one rainy day, our bus was lonely on the roadways. Endless queues of people waited for antique Soviet trams and buses, while government officials drove fancy German cars. The only billboards advertised <a href="http://en.wikipedia.org/wiki/Pyeonghwa_Motors" target="_blank">Pyonghwa Motors</a>, co-owned by Sun Myung Moon&#8217;s Unification Church and under license from Fiat.</p>
<p>Officially, 2012 (Kim Il-Sung&#8217;s 100th birthday, known as <em>Juche 100</em>) will mark the completion of several projects, including the pyramidal Ryugyong Hotel, begun in 1987 but halted in 1992 due to severe shortages. Though the country&#8217;s tallest structure, the 105-story building is absent from tourist maps.</p>
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<td><img class="alignnone size-medium wp-image-8488" title="imgw_northkorea_koryolink" src="http://worldfocus.org/files/2009/11/imgw_northkorea_koryolink.jpg" alt="" width="307" height="230" /></p>
<p>A North Korean phone on the country&#8217;s only cellular network. Photo: Ben Piven</td>
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<p>The top two floors are being renovated as an office for Egyptian telecom magnate Naguib Sawiris, whose <a href="http://www.orascom.com/" target="_blank">Orascom</a> employees are also installing the nation&#8217;s first cell service, KoryoLink. The company has already enlisted over 50,000 subscribers at $25 per month. Sawiris also recently launched Ora Bank, another joint venture with a North Korean government partner. (North Korea&#8217;s ties with Egypt date back to the 1973 Yom Kippur War. In return for air force squadrons, North Korea later received <a href="http://news.bbc.co.uk/2/hi/2564241.stm" target="_blank">scud missiles</a>).</p>
<p>Some Americans believe that more <a id="qq5x" title="Economic engagement" href="http://www.asiasociety.org/media/press-releases/task-force-calls-economic-engagement-transform-north-korea-responsible-power">economic engagement</a> is the best way to bring North   Korea in from the cold. There are some signs that the Juche nation is slowly bending to Western commercial pressures - witness the Taedonggang beer ad, Pyongyang pizza craze, and a new Singaporean-owned fast food restaurant.</p>
<p>But for now, despite the rapid globalization on its borders, North Korea remains in an economic deep freeze.</p>
<p>- Ben Piven</p>
<listpage_excerpt>Part 6 of 6 in our Inside the Hermit Kingdom series on the people and culture of North Korea. Worldfocus multimedia producer Ben Piven writes about the stark contrast between the stagnant North Korean economy and the booming economies of China and South Korea to the north and south.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/11/th_northkorea_150day.jpg</post_thumbnail>
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		<title>Debating the impact of a new world financial order</title>
		<link>http://worldfocus.org/blog/2009/11/17/debating-the-impact-of-a-new-world-financial-order/8450/</link>
		<comments>http://worldfocus.org/blog/2009/11/17/debating-the-impact-of-a-new-world-financial-order/8450/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 23:10:59 +0000</pubDate>
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		<description><![CDATA[China is now the United States' largest foreign creditor.

Worldfocus regulars Marcus Mabry, the International Business Editor for the New York Times, and Roben Farzad, a senior writer for BusinessWeek, join Daljit Dhaliwal to discuss the implications for the Obama administration.

They talk about whether the Chinese will influence U.S. policy on issues ranging from Afghanistan to [...]]]></description>
			<content:encoded><![CDATA[<p>China is now the United States&#8217; largest foreign creditor.</p>
<p>Worldfocus regulars Marcus Mabry, the International Business Editor for the <a href="http://nytimes.com/" target="_blank">New York Times</a>, and <a title="Roben Farzad" href="http://www.businessweek.com/bios/Roben_Farzad.htm" target="_blank">Roben Farzad</a>, a senior writer for BusinessWeek, join Daljit Dhaliwal to discuss the implications for the Obama administration.</p>
<p>They talk about whether the Chinese will influence U.S. policy on issues ranging from Afghanistan to health care because of this new reality.</p>
<input type="hidden" name="pid" id="pid" value="Klc7SQDtbryOMw2SBZVVloUAMgucchvo">(View full post to see video)
<listpage_excerpt>Worldfocus regulars Marcus Mabry of The New York Times and Roben Farzad of BusinessWeek join Daljit Dhaliwal to discuss the implications for the Obama administration of the U.S role as a debtor nation to China. They talk about whether the Chinese may influence U.S. policy on issues ranging from Afghanistan to health care because of this new reality.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/11/th_intv_mabryroben.jpg</post_thumbnail>
<post_thumbnail_videopage>http://worldfocus.org/files/2009/11/th_intv_mabryroben.jpg</post_thumbnail_videopage>
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		<title>An uneven global economy is cause for concern in 2010</title>
		<link>http://worldfocus.org/blog/2009/10/23/an-uneven-global-economy-is-cause-for-concern-in-2010/7971/</link>
		<comments>http://worldfocus.org/blog/2009/10/23/an-uneven-global-economy-is-cause-for-concern-in-2010/7971/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 18:28:21 +0000</pubDate>
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		<description><![CDATA[Roben Farzad of BusinessWeek discusses the economic fluctuations in Britain, across Europe and elsewhere. He explains how Britain and the UK face identity crises in determining what they can "do" to dig out of the economic crisis.]]></description>
			<content:encoded><![CDATA[<p><a title="Roben Farzad" href="http://www.businessweek.com/bios/Roben_Farzad.htm" target="_blank">Roben Farzad</a>, a senior writer for BusinessWeek, joins Daljit Dhaliwal to discuss the economic fluctuations in Britain, across Europe and elsewhere. He discusses the common experience shared by Britain and the U.S. and how the countries face identity crises in determining what they can do to dig out of the economic crisis. Farzad explains how the global economy is uneven, with the pockets of strengths and weaknesses, which will be cause for concern in 2010.</p>
<input type="hidden" name="pid" id="pid" value="xNXix7CJp3ETwtFW5FltAzEgSJeSYK_r">(View full post to see video)
<listpage_excerpt>Roben Farzad of BusinessWeek discusses the economic fluctuations in Britain, across Europe and elsewhere. He explains how Britain and the UK face identity crises in determining what they can do to dig out of the economic crisis.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/10/th_robenfarzad.jpg</post_thumbnail>
<post_thumbnail_videopage>http://worldfocus.org/files/2009/10/th_robenfarzad.jpg</post_thumbnail_videopage>
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		<title>Has the global economy recovered from deep recession?</title>
		<link>http://worldfocus.org/blog/2009/10/23/has-the-global-economy-recovered-from-deep-recession/7956/</link>
		<comments>http://worldfocus.org/blog/2009/10/23/has-the-global-economy-recovered-from-deep-recession/7956/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 17:01:40 +0000</pubDate>
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		<guid isPermaLink="false">http://worldfocus.org/?p=7956</guid>
		<description><![CDATA[





The Hong Kong International Finance Center. Photo: Flickr user swisscan



Most world markets seem to be on their way upwards. Some countries have indeed pulled their economies out of recession, and many economists say that the U.S. is moving in that direction.

Although leading economic indicators signal increasing strength in the American economy, jobs remain scarce. Analysts [...]]]></description>
			<content:encoded><![CDATA[<div class="captionRight">
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<td><img class="alignnone size-medium wp-image-7962" title="imgw_hongkong_intlfinance" src="http://worldfocus.org/files/2009/10/imgw_hongkong_intlfinance.jpg" alt="" width="307" height="230" /></p>
<p>The Hong Kong International Finance Center. Photo: Flickr user <a href="http://www.flickr.com/photos/swisscan/" target="_blank">swisscan</a></td>
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<p>Most world markets seem to be on their way <a href="http://www.google.com/hostednews/ap/article/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD9BGMJ700" target="_blank">upwards</a>. Some countries have indeed pulled their economies out of recession, and many economists say that the U.S. is moving in that direction.</p>
<p>Although <a href="http://www.google.com/hostednews/ap/article/ALeqM5gNiyJ905Ho0Ur96V2TQhsBX19lGwD9BGA2780" target="_blank">leading economic indicators</a> signal increasing strength in the American economy, jobs remain scarce. Analysts predict that third-quarter growth will be positive for the first time in four quarters.</p>
<p><strong>From your perspective, is the economy getting better?</strong></p>
<p><strong>Tell us what you think in the comments section below. </strong><em>Please remember to be respectful and on-point in your comments. Malicious or offensive comments will be deleted and repeat offenders will be banned.</em></p>
<listpage_excerpt>Most world markets seem to be on their way upwards. Analysts predict that third-quarter U.S. growth will be positive for the first time in four quarters. From your perspective, is the economy getting better?</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/10/th_hongkong_intlfinance.jpg</post_thumbnail>
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		<title>How Chile weathered the global economic downturn</title>
		<link>http://worldfocus.org/blog/2009/10/14/chilean-finance-minister-explains-logic-of-economic-recovery/7753/</link>
		<comments>http://worldfocus.org/blog/2009/10/14/chilean-finance-minister-explains-logic-of-economic-recovery/7753/#comments</comments>
		<pubDate>Wed, 14 Oct 2009 21:06:52 +0000</pubDate>
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		<description><![CDATA[Chile's U.S.-educated finance minister, Andres Velasco, was a Harvard professor before President Michelle Bachelet appointed him to her cabinet in 2006. Lately, his financial stewardship has helped create a significant surplus for Chile, which has stockpiled some of the huge revenues generated by copper exports.

Worldfocus correspondent Edie Magnus and producer Ara Ayer interviewed Velasco in [...]]]></description>
			<content:encoded><![CDATA[<p>Chile&#8217;s U.S.-educated finance minister, Andres Velasco, was a <a href="http://ksghome.harvard.edu/~AVelasco/" target="_blank">Harvard professor</a> before President Michelle Bachelet appointed him to <a href="http://news.bbc.co.uk/2/hi/4664574.stm" target="_blank">her cabinet</a> in 2006. Lately, his financial stewardship has helped create a significant surplus for Chile, which has stockpiled some of the huge revenues generated by copper exports.</p>
<p>Worldfocus correspondent <a href="http://worldfocus.org/?s=edie+magnus" target="_blank">Edie Magnus</a> and producer <a href="http://worldfocus.org/?s=ara+ayer" target="_blank">Ara Ayer</a> interviewed Velasco in Santiago in July.  His interview will be featured in several Worldfocus stories on Chile, including <a href="http://worldfocus.org/blog/2009/10/13/chile-squirrels-away-copper-fortunes-and-spends-prudently/7756/" target="_blank">Chile squirrels away copper fortunes and spends prudently</a>. This is part of our ongoing series looking at how other nations tackle complex policy issues.</p>
<p>In this wide-ranging discussion,  Velasco speaks about Chile&#8217;s privatization of social security, its past and present economic policy, and the lessons advisors have learned from economic cycles of the past.</p>
<input type="hidden" name="pid" id="pid" value="_XexggQQDXmCncDRzdYOdZ73F5lN6g9O">(View full post to see video)
<p><em>For more Worldfocus coverage of the Chilean Economy, <a href="http://worldfocus.org/blog/tag/chilean-economy/">click here.</a></em></p>
<listpage_excerpt>In this wide-ranging interview, Chilean finance minister Andres Velasco speaks about Chile&#8217;s privatization of social security, its past and present fiscal policy, and the lessons advisors have learned from economic cycles of the past. </listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/10/th_chile_velasco.jpg</post_thumbnail>
<post_thumbnail_videopage>http://worldfocus.org/files/2009/10/th_chile_velasco.jpg</post_thumbnail_videopage>
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		<title>Canada avoids bank bailout, but feels U.S. financial woes</title>
		<link>http://worldfocus.org/blog/2009/10/14/canada-avoids-bank-bailout-but-feels-us-financial-woes/7779/</link>
		<comments>http://worldfocus.org/blog/2009/10/14/canada-avoids-bank-bailout-but-feels-us-financial-woes/7779/#comments</comments>
		<pubDate>Wed, 14 Oct 2009 20:45:42 +0000</pubDate>
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		<description><![CDATA[The prudent stewardship of Canadian banks in avoiding risky loans meant that they never required a government bailout. But the U.S.'s economic woes are spilling across the border and affecting Canadian big business. Canadians are blaming their own government and clamoring for help.

Correspondent Martin Himel reports from Canada.

[COVE pid="K_VAoiXv6ASIroc1oTnM1LwMDFpzF72i" allowembed="on"]]]></description>
			<content:encoded><![CDATA[<p>The prudent stewardship of Canadian banks in avoiding risky loans meant that they never required a government bailout. But the U.S.&#8217;s economic woes are spilling across the border and affecting Canadian big business. Canadians are blaming their own government and clamoring for help.</p>
<p>Correspondent Martin Himel reports from Canada.</p>
<input type="hidden" name="pid" id="pid" value="K_VAoiXv6ASIroc1oTnM1LwMDFpzF72i">(View full post to see video)
<listpage_excerpt>The prudent stewardship of Canadian banks in avoiding risky loans meant that they never required a government bailout. But the U.S.&#8217;s economic woes are spilling across the border and affecting Canadian big business. Canadians are blaming their own government and clamoring for help.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/10/th_canada_sig_banking.jpg</post_thumbnail>
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		<title>Chile squirrels away copper fortunes and spends prudently</title>
		<link>http://worldfocus.org/blog/2009/10/13/chile-squirrels-away-copper-fortunes-and-spends-prudently/7756/</link>
		<comments>http://worldfocus.org/blog/2009/10/13/chile-squirrels-away-copper-fortunes-and-spends-prudently/7756/#comments</comments>
		<pubDate>Tue, 13 Oct 2009 18:56:03 +0000</pubDate>
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		<description><![CDATA[Correspondent Edie Magnus reports on how the Chilean government has prudently managed its windfall copper profits. Chile is now financing public works projects, creating jobs and doling out cash stipends to the poor.]]></description>
			<content:encoded><![CDATA[<p>Several years ago, the Chilean government prudently stashed away windfall profits from soaring copper prices. Correspondent <a title="Edie Magnus" href="http://worldfocus.org/blog/tag/edie-magnus/" target="_self">Edie Magnus</a> and producer <a title="Ara Ayer" href="http://worldfocus.org/blog/tag/ara-ayer/" target="_self">Ara Ayer</a> report from Santiago, Chile where the country is now financing its own stimulus plan spending hundreds of millions of dollars on public works projects, creating jobs and doling out cash stipends to the poor.</p>
<input type="hidden" name="pid" id="pid" value="P2OLusO30C_525yBvn4Er1b0GiqP7w7L">(View full post to see video)
<p>A few weeks ago Ivette Feliciano attended an event where Chile&#8217;s first female president, Michelle Bachelet, was honored by the <a href="http://www.as-coa.org/" target="_blank">Americas Society</a> for her administration&#8217;s economic and social achievements navigating the global economic crisis.</p>
<p>She credited her country&#8217;s quick recovery after the crisis to her administration&#8217;s decision to put away money made when the price of copper was high a few years back. Copper is one of Chile&#8217;s main exports.</p>
<p>Watch President Bachelet answer Ivette&#8217;s question in the video below:</p>
<input type="hidden" name="pid" id="pid" value="oMx_Gax7oNg3A7arKDUgZKB4XnX0lH6L">(View full post to see video)
<p><em>For more Worldfocus coverage of the Chilean Economy, <a href="http://worldfocus.org/blog/tag/chilean-economy/">click here.</a></em></p>
<listpage_excerpt>Correspondent Edie Magnus reports on how the Chilean government has prudently managed its windfall copper profits. Chile is now financing public works projects, creating jobs and doling out cash stipends to the poor.</listpage_excerpt>
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		<title>China&#8217;s economy ascends, while U.S. economy lags</title>
		<link>http://worldfocus.org/blog/2009/10/12/chinas-economy-ascends-while-us-economy-lags/7738/</link>
		<comments>http://worldfocus.org/blog/2009/10/12/chinas-economy-ascends-while-us-economy-lags/7738/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 18:37:44 +0000</pubDate>
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		<description><![CDATA[Many economic indicators point to an ascendant China and an American economy with lagging consumption and employment. Marcus Mabry of the New York Times discusses the current state of the world economy.]]></description>
			<content:encoded><![CDATA[<p>Many economic indicators point to a continually ascendant China and an American economy with lagging <a href="http://online.wsj.com/article/SB125535786715480387.html?mod=googlenews_wsj" target="_blank">consumption and employment</a>. Yet stock markets in the U.S. and beyond seem to have recovered significantly in the past few months.</p>
<p>As the British government begins to sell some of its own property to close budget deficits, analysts wonder whether the United States will follow suit.</p>
<p>Marcus Mabry, the International Business Editor for the <a href="http://nytimes.com/" target="_blank">New York Times</a>, speaks to Martin Savidge about the current state of the world economy.</p>
<input type="hidden" name="pid" id="pid" value="VylRloyNvAunVWeNPITYG5JX5cypmsms">(View full post to see video)
<listpage_excerpt>Many economic indicators point to an ascendant China and an American economy with lagging consumption and employment. Marcus Mabry of the New York Times discusses the current state of the world economy.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/10/th_china_mabry.jpg</post_thumbnail>
<post_thumbnail_videopage>http://worldfocus.org/files/2009/10/th_china_mabry.jpg</post_thumbnail_videopage>
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		<title>Merkel wins second term in German election</title>
		<link>http://worldfocus.org/blog/2009/09/28/merkel-wins-second-term-in-german-election/7493/</link>
		<comments>http://worldfocus.org/blog/2009/09/28/merkel-wins-second-term-in-german-election/7493/#comments</comments>
		<pubDate>Mon, 28 Sep 2009 17:09:05 +0000</pubDate>
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		<guid isPermaLink="false">http://worldfocus.org/?p=7493</guid>
		<description><![CDATA[Germany's vote on Sunday for members of the lower house of parliament gave Chancellor Angela Merkel a comfortable center-right majority. Nikolaus Piper of Suddeutsche Zeitung discusses the major issues and implications of the German election.]]></description>
			<content:encoded><![CDATA[<p>The day after Germany held national elections, Chancellor Angela Merkel said on Monday that she hopes to have a new government in place by the beginning of November.</p>
<p>Sunday&#8217;s vote for members of the lower house of parliament gave Merkel a comfortable center-right majority, thanks to a strong performance by the pro-business Free Democrats, who will become the key partner in Merkel&#8217;s alliance. As she prepares for a second four-year term, she made it clear that she will continue to seek consensus as Germany weathers the economic crisis.</p>
<p><a title="Nikolaus Piper" href="http://www.sueddeutsche.de/leben/special/510/100410/" target="_blank">Nikolaus Piper</a>, a senior correspondent in New York for the German daily Suddeutsche Zeitung, joins Martin Savidge to discuss the major issues of the German election and Merkel&#8217;s victory.</p>
<input type="hidden" name="pid" id="pid" value="zaeya3kAA5JlEPlrEXswtCVNG2SJl947">(View full post to see video)
<listpage_excerpt>Germany&#8217;s vote on Sunday for members of the lower house of parliament gave Chancellor Angela Merkel a comfortable center-right majority. Nikolaus Piper of Suddeutsche Zeitung discusses the major issues and implications of the German election.</listpage_excerpt>
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		<title>Week in review: The Afghanistan debate and the G-20</title>
		<link>http://worldfocus.org/blog/2009/09/25/week-in-review-the-afghanistan-debate-and-the-g-20/7468/</link>
		<comments>http://worldfocus.org/blog/2009/09/25/week-in-review-the-afghanistan-debate-and-the-g-20/7468/#comments</comments>
		<pubDate>Fri, 25 Sep 2009 19:42:25 +0000</pubDate>
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		<description><![CDATA[Gideon Rose of Foreign Affairs Magazine and Rana Foroohar of Newsweek discuss the week's top stories: The debate over next steps in the war in Afghanistan and the global economic summit in Pittsburgh.]]></description>
			<content:encoded><![CDATA[<p><a title="Gideon Rose" href="http://www.cfr.org/bios/112/gideon_rose.html" target="_blank">Gideon Rose</a>, managing editor of Foreign Affairs magazine, and <a href="http://www.newsweek.com/id/32176" target="_blank">Rana Foroohar</a>, senior editor of Newsweek&#8217;s international editions, join Daljit Dhaliwal to discuss the week&#8217;s top stories.</p>
<p>They discuss the debate over next steps in the war in Afghanistan, as top U.S. military commanders call for yet more American troops. They also examine the global economic summit in Pittsburgh &#8212; what the leaders accomplished as their ranks increased from a group of eight to a group of 20.</p>
<input type="hidden" name="pid" id="pid" value="DIKarG7Sah6BoYCDRlhJAi_h7_ss1YqA">(View full post to see video)
<listpage_excerpt>Gideon Rose of Foreign Affairs magazine and Rana Foroohar of Newsweek discuss the week&#8217;s top stories: The debate over next steps in the war in Afghanistan and the global economic summit in Pittsburgh.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/09/th_roundtable0924.jpg</post_thumbnail>
<post_thumbnail_videopage>http://worldfocus.org/files/2009/09/th_roundtable0924.jpg</post_thumbnail_videopage>
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		<title>Economic concerns dominate ahead of German election</title>
		<link>http://worldfocus.org/blog/2009/09/25/economic-concerns-dominate-ahead-of-german-election/7457/</link>
		<comments>http://worldfocus.org/blog/2009/09/25/economic-concerns-dominate-ahead-of-german-election/7457/#comments</comments>
		<pubDate>Fri, 25 Sep 2009 16:36:52 +0000</pubDate>
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		<description><![CDATA[Economic concerns have dominated the debate leading up to Sunday's national elections in Germany. Polls show a tight race.]]></description>
			<content:encoded><![CDATA[<p>Economic concerns have dominated the debate leading up to Sunday&#8217;s national elections in Germany. Polls show a tight race.</p>
<p>The country votes for members of its lower house of parliament, who in turn choose the head of the government.</p>
<p>Barnaby Phillips of Worldfocus partner <a title="AJE" href="http://english.aljazeera.net/" target="_blank">Al Jazeera English</a> reports from Hamburg, a port city hit hard by the global recession.</p>
<p><center><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="560" height="340" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/cdGpC8I7fWM&amp;hl=en&amp;fs=1&amp;" /><embed type="application/x-shockwave-flash" width="560" height="340" src="http://www.youtube.com/v/cdGpC8I7fWM&amp;hl=en&amp;fs=1&amp;" allowscriptaccess="always" allowfullscreen="true"></embed></object></center></p>
<listpage_excerpt>Economic concerns have dominated the debate leading up to Sunday&#8217;s national elections in Germany. Polls show a tight race.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/09/th_germany_economy.jpg</post_thumbnail>
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		<title>Deciding who decides at the G-20 summit</title>
		<link>http://worldfocus.org/blog/2009/09/24/deciding-who-decides-at-the-g-20-summit/7435/</link>
		<comments>http://worldfocus.org/blog/2009/09/24/deciding-who-decides-at-the-g-20-summit/7435/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 16:22:54 +0000</pubDate>
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		<guid isPermaLink="false">http://worldfocus.org/?p=7435</guid>
		<description><![CDATA[







Nina Hachigian is joined by Bruce Jones, the director of the Center on International Cooperation at New York University and senior fellow and director of the Managing Global Insecurity Initiative at the Brookings Institution.

The agenda for this week’s meeting of the Group of 20 developed and developing nations is full, but when the leaders of [...]]]></description>
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<p><em>Nina Hachigian is joined by <a href="http://www.brookings.edu/experts/jonesb.aspx" target="_blank">Bruce Jones</a>, the director of the Center on International Cooperation at New York University and senior fellow and director of the Managing Global Insecurity Initiative at the Brookings Institution.</em></p>
<p>The agenda for this week’s meeting of the Group of 20 developed and developing nations is full, but when the leaders of all these countries sit down in Pittsburgh to discuss banking regulation, energy and poverty alleviation, one question will not be on the table &#8212; the question of who should be at the table in the first place.</p>
<p>Deciding which nations will sit at the global decision-making table is more politically charged than whether to tie bankers’ bonuses to the risks they take or whether countries can and should stop subsidizing fossil fuel consumption. Resolving which nations will try to forge consensus on these and other critical questions, however, is key to determining whether any resolving actually gets done.</p>
<p>The current G-20 &#8212; which in fact consists of roughly 27 countries &#8212; came to life when the Bush administration was in a big hurry to address the global financial crisis back in 2008. The previous global leadership forum, the Group of 8 &#8212; the United States, Japan, Germany, Great Britain, France, Italy, Canada and Russia &#8212; lacked the participation of newly emerging economic powers such as China and Brazil as well as several other major economies such as Saudi Arabia and South Korea. A global crisis requires global participation, and the G-8 was clearly the wrong tool for the job.</p>
<p>Since the G-20 already existed at the ministers’ level, President George W. Bush moved it up a notch to create a new forum. Pittsburgh marks the fourth time this group of leaders has met, but it still operates on an ad hoc basis and the confusion of who attends is undermining confidence in its ability to deliver. The challenge now is to forge a G- grouping that actually works.</p>
<p>The first problem with the current G-20 is that its membership is somewhat arbitrary. It is loosely based on economic weight, but Argentina, whose economy is not in the top 20, attends meetings and Poland, which is in the top 20, does not. If the G-20 were comprised of the actual top economies, then at least extremely time-consuming and distracting squabbles over who is in or out would be minimized. Using objective criteria for membership also has the aura of fairness in determining eligibility.</p>
<p>To increase legitimacy by increasing representation, the Center for American Progress proposed a  <a href="http://www.americanprogress.org/issues/2009/03/g20_leadership.html" target="_blank">variation of this idea</a> earlier this year. The plan would take the top two economies from each of five regions of the world and then fill in with the next 10 largest economies. The group could also evolve over time, with membership recalculated every five years to reflect the actual economic and power realities of the moment. That “refresh” makeover would ensure that the group doesn’t quickly become a relic.</p>
<p>Another approach would be to base membership not just on economic weight but also population. One version proposed by the Brookings Institution’s <a href="http://www.brookings.edu/projects/mgi.aspx" target="_blank">Managing Global Insecurity project</a><!--EndFragment-->, would be to combine economic weight and population in determining the rankings of the top 16 countries.</p>
<p>Both the CAP and Brookings’ approaches allow for the inclusion of important populous countries such as Indonesia, Saudi Arabia, Turkey and Nigeria in addition to the big emerging economic powers that are now in the G-20. This has the potential to make the group’s decisions resonate with a far wider set of countries. That would help ensure greater global compliance with any decisions the leaders of these countries agreed to take.</p>
<p>The difficulty with all of these proposals, as President Barack Obama points out, is how do you explain to the 17th or 21st country that it is not welcome?  That’s tough politics.</p>
<p>Hence a third answer is popular these days, which is to have a core of powerful countries act as the new G-grouping and then vary the membership depending on the issue. But if the politics of who’s at the G-20 table are thorny, why repeat them every single time a new meeting is convened? Surely better to take a tough decision once, rather than endlessly renegotiate it.</p>
<p>The choice of a global leaders-level summit grouping involves tradeoffs of important attributes. The new grouping should be broadly representative to maximize its legitimacy, but small enough to be effective. It should tie membership to responsibility, but also serve to shape the choices of less responsible, yet powerful, actors. Ideally it would be inclusive but small, representative but value-based, and legitimate, but effective.</p>
<p>That may simply be an unattainable goal in today’s world. Thus the Obama administration and other governments at the G-20 summit next week need to decide what attributes are most important and then brave the consequences. We believe that the most important balance to strike is between efficiency and buy-in &#8212; largely confining the club to those with actual power in the world economy and global security but bringing in a few countries that represent broader regions or groupings of states.</p>
<p>Right now, with the G-8 still active and the G-20 also meeting, the window is open for the Obama administration to develop a consensus around a new grouping of global leaders, or perhaps more than one, that could play a key role in global cooperation for decades to come. If they don&#8217;t seize this moment, however, important issues could drift, setting back progress.</p>
<p>If this issue isn’t tackled head on and some degree of stability brought into global decision making, both resentment and uncertainty will rise. That puts at risk the broader strategy that President Obama has outlined of forging broad cooperation on critical issues, such as non-proliferation or the upcoming talks in Copenhagen to forge a global carbon-emissions accord. These are problems that can’t wait for solutions.</p>
<p>- Nina Hachigian and Bruce Jones</p>
<p><em>See the <a href="http://www.americanprogress.org/issues/2009/09/deciding_summit.html" target="_blank">original post</a>. </em></p>
<p style="font-size:9px">Photo courtesy of Flickr user  <a title="Link to iwasaround's photostream" rel="dc:creator cc:attributionURL" href="http://www.flickr.com/photos/iwasaround/">iwasaround</a> under a <a title="Creative Commons" href="http://creativecommons.org/licenses/by-nc/2.0/deed.en" target="_blank">Creative Commons</a> license.</p>
<listpage_excerpt>The agenda for this week’s G-20 meeting is full, writes Worldfocus blogger Nina Hachigian, but when leaders sit down in Pittsburgh to discuss banking regulation, energy and poverty alleviation, one question will not be on the table &#8212; the question of who should be at the table in the first place.</listpage_excerpt>
<post_thumbnail>http://worldfocus.org/files/2009/09/th_pittsburgh_world.jpg</post_thumbnail>
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