'저는 그들의 땅을 지키기 위하여 싸웠던 인디안들의 이야기를 기억합니다. 백인들이 그들의 신성한 숲에 도로를 만들기 위하여 나무들을 잘랐습니다. 매일밤 인디안들이 나가서 백인들이 만든 그 길을 해체하면 그 다음 날 백인들이 와서 도로를 다시 짓곤 했습니다. 한동안 그 것이 반복되었습니다. 그러던 어느날, 숲에서 가장 큰 나무가 백인들이 일할 동안 그들 머리 위로 떨어져 말과 마차들을 파괴하고 그들 중 몇몇을 죽였습니다. 그러자 백인들은 떠났고 결코 다시 오지 않았습니다….' (브루스 개그논)





For any updates on the struggle against the Jeju naval base, please go to savejejunow.org and facebook no naval base on Jeju. The facebook provides latest updates.

Tuesday, October 19, 2010

Text Fwd: G-20 agenda enters spotlight as currency war rages on 환율 전쟁 발연과 함께 G20 안건 촛점

* Image & caption source:
'A billboard promoting the G-20 summit stands at the construction site of Seoul City hall,
Oct. 17. (Photo by Lee Jong-keun)'


Hankyoreh
G-20 agenda enters spotlight as currency war rages on
: Major agenda items remain in the hands of traditional economic powerhouses, a strengthening trend in the wake of the global economic recovery
By Park Hyun, Staff Writer
Oct. 18, 2010

As a heated “currency war” rages among major powers, interest in South Korea and overseas is focusing on the G-20 Summit scheduled to take place in Seoul on Nov. 11 and 12. The G-20 is significant in that unlike its predecessor, the G-8, it is a top forum for international economic discussions encompassing nearly all of the major emerging nations by continent and can therefore reflect the interests of those nations. However, it does possess the limitation of still having major agenda items dictated by advanced nations, particularly the United States.

The G-20 Summit was established in November 2008 to facilitate a concerted response to the global financial crisis. Sensing that it would be impossible to escape the once-in-a-century crisis without the cooperation of emerging nations, including Brazil, India, South Korea, and China, the world’s largest creditor nation, the G8 nations (the United States, Japan, Great Britain, France, Germany, Italy, Canada, and Russia) broadened the scope of the meeting to include the twenty major economies. Despite being an unofficial forum, the G-8 had exerted an influence on major international organizations such as the International Monetary Fund (IMF) and World Bank prior to the financial crisis, harmonizing an international economic order based on the key concept of the globalization of neoliberal capitalism.

The G-20 maintains that neoliberalist tenor under the leadership of Great Britain and the United States and possesses the fundamental limitation of completely excluding underdeveloped nations, including the countries of Africa. However, it is significant in offering a forum for emerging nations that had previously hovered around the periphery to move into the center.

Hanshin University Economics Professor Chun Chang-hwan, said, “For the time being, it is unlikely that the G-20 will completely take the place of the G8.” At the same time, Chun said, “It is meaningful in that the forum for discussing global economic cooperation and coordination of oversight systems of international financial regulations has shifted from the G-8 to the G-20.”

READ MORE
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* You may see also:

Hankyoreh
Opinions diverge over G-20’s clout
: Experts have remain divided on whether the summit will have a significant role in global economic policy
Posted on : Oct.18,2010
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*Related blog 관련 블로그

Monday, September 20, 2010
Text Fwd: Put People First!: Launch of the “People’s Response Action against the G-20” on Sept. 15
9월 15일 G20대응민중행동’ 출범

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