PITTSBURGH (Reuters) – The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique.
Phi Beta Iota: G-20 along with the International Monetary Fund (IMB) and the World Bank are headed for a rude decline in the next decade. What matters now is NOT trade in industrial era terms (that ignored “true cost”) but rather population and the potential of that population to create wealth. Here's our take, followed by a new book we recommend, and several categories of books that we have reviewed that bear on this matter.