G20 perspective: how the world economy out of its long slump

      Comments Off on G20 perspective: how the world economy out of its long slump

A couple of days, 1xbet 2016 financial G20 leaders Summit, to be held in Hangzhou, China. As 20 of the world’s most important economies, top leaders of the party, as China’s first time to host the G20 Summit, which undoubtedly has caused added concern in China. And when the global economic weakness persists, also troubled, believed the troubled times, the G20 Summit is to carry the difficult mission, triggering global concern.

The G20 Summit possible, what are the hot issues in the world economy, Hangzhou discussion, has the potential to achieve consensus and progress? You can imagine, as an economic summit of the world’s highest and most representative, the nature is to be discussed in the current global economy, most major, most issues with a global impact. However, these are not new issues, in the past two years there have been many discussions in the various summits, many differences remain. Some interest to other countries and regions, cannot let everyone expected this Summit to give up differences and reach a consensus. But leaders take this major international occasions to clarify their respective positions, to voice their concerns, reducing the beggar-thy-neighbour to avoid misjudgment of the situation, or at least does not make the situation worse.

G20 Summit must first discuss the issue still further sustainability of the global economic recovery. 8 years since the financial crisis, the world economy remains in the doldrums, is far from substantial recovery. Crisis and prolonged the great depression, not only since the end of a one stop, in the history of the world economy as a whole is also very rare. To help make the world economy out of the shadow of the financial crisis, sustained recovery, leaders come together several times, also achieved some consensus. Countries think that the world economy is in a period of transition and reconstruction, but on how to reshape the world economic structure, how to determine the future of international economic rules, did not agree, nor take much in common action. Exclusive of beggar-thy-neighbour policies introduced in certain countries even attempting to conspire to curb the economic development of other countries and regions, dominating power, the exclusion of reform. To reach the global recovery, further delays. The Summit will still be substantial recovery in the global economy as a major issue, though not necessarily to make little substantive progress.

If the global economic recovery is a long-term strategic issue, then 1xbet зepкaлo think the recent economic policy coordination is a short-term problem. Today, the globalization of the world economy as a whole, countries and regions is closely related to economic, hold one body. This creates problems of policy coordination between the various economies. For example, after the financial crisis United States several quantitative easing once the world had a huge spillover effect. United States may enter the interest rate hike cycle, tightening of monetary policy. But the economic recovery is out of sync, in most countries, including the eurozone, the United Kingdom, and Japan, China and other BRIC countries are overweight loose form macro-policy departure from the situation. At this point, the United States of excessive austerity, is likely to have a tremendous impact on States and effects. Therefore, the policy coordination is very important. Not only that, but anxious to adopt expansionary policies the country out of recession if countries expect to gain an edge by easing down the exchange rate, is only a few defeats hurt, and no substantial benefits, it will endanger the world economy. Obviously, through policy coordination, avoiding macro policy divergence, avoid beggar-thy-neighbor internecine, is one of the main tasks of the G20 leaders Summit.