Washington Post, Nov.2, 2008 on page A19: Reports from London, Paris, Tokyo and Shanghai:-
"Whereas the US and Britain largely shaped the postwar financial system, financial regulation and coordination will now require the participation of a broader and more unwieldy group, including emerging economies, many of them loaded with foreign exchange reserves, foreign debts and influence over global financial markets.
Leaders are already maneuvering for position. Sarkozy, in particular, has methodically sought allies.
Robert Hormats at Goldman Sachs and former National Security Council staffer said that the Nov.15th summit would be valuable if it became the first in a series of G-20 meetings, widerning economic coordination.
Francis Shieh a.k.a. Xie Shihao quotes the above news for the interest of readers to understand the globalization of economics including Sino-American economics.
Sunday, November 2, 2008 at 1.26 p.m.
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