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2008 G-20 Washington Summit (Paperback)
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2008 G-20 Washington Summit (Paperback)
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The G-20 Leaders Summit on Financial Markets and the World Economy
took place on November 14-15, 2008, in Washington, D.C. It achieved
general agreement amongst the G-20 on how to cooperate in key areas
so as to strengthen economic growth, deal with the financial
crisis, and lay the foundation for reform to avoid similar crises
in the future.The Summit resulted from an initiative by the French
and European Union President, Nicolas Sarkozy, and the British
Prime Minister, Gordon Brown.In connection with the G7 finance
ministers on October 11, 2008, United States President George W.
Bush stated that the next meeting of the G-20 would be important in
finding solutions to the economic crisis. Since many economists and
politicians called for a new Bretton Woods system to overhaul the
world's financial structure, the meeting has sometimes been
described by the media as Bretton Woods II.
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