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Guide to the Global Summit

The G-20 is meeting this week in Pittsburgh, Pennsylvania. Chaired by President Barack Obama, the purpose of the summit is to, “review the progress made since the Washington and London Summits and discuss further actions to assure a sound and sustainable recovery from the global financial and economic crisis.” I’ve heard of the G-8, but the G-20? I began to wonder about this alphanumeric soup of organizations. Who are they and what are they concerned with? The following scorecard should help interested followers of this subject keep track of the major players.

The G-6: Organized in 1975 by the finance ministers of Germany and France who were frustrated with the formality and structure of larger international meetings, the G-6 and subsequent evolutions of this body are strictly informal bodies that meet to discuss economic issues of mutual interest. After the creation of the G-8, the term G-6 is now used to refer to the six most populous members of the European Union. The member countries are: the United States, United Kingdom, France, Germany, Italy, Japan

The G-7: Formed in 1976, this is an informal forum for the finance members of seven big industrial economies to discuss economic issues and seek agreement. Member countries include: Canada, France, Germany, Italy, Japan, United Kingdom, United States. Now also includes the European Union.

The G-8: An evolution of the G-7, membership grew to include Russia. The European Union is a limited member; it cannot host a meeting or hold the presidency of the body. Members are: Canada, France, Germany, Italy, Japan, United Kingdom, United States, Russia. European Union (limited member)

The G-8 plus Five: Recognizing the growing influence of other countries, the original group sometimes broadens their meetings by including the Outreach Five. As with all meetings, other countries are sometimes invited to attend. Members: Canada, France, Germany, Italy, Japan, United Kingdom, United States, Russia. European Union (limited member) Plus: Brazil, China, India, Mexico, South Africa.

The G-20: According to their website, “[t]he G-20 was created as a response both to the financial crises of the late 1990s and a growing recognition that key emerging-market countries were not adequately included in the core of global economic discussion and governance.” Where the earlier groups (G-6 through G-8) were organized around the industrialized countries of the world, the G-20 begins to bring emerging economies into the dialog. Their first meeting was in Berlin, Germany. The Managing Director of the International Monetary Fund (IMF) and the President of the World Bank, plus the chairs of the International Monetary and Financial Committee and Development Committee of the IMF and World Bank, also participate in G-20 meetings on an ex-officio basis.

The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States, European Central Bank

The G-33: The name for a group of developing countries that coordinates on trade and economic issues. It was created in order to help group countries which were all facing similar problems and give a unified voice to countries that were traditionally excluded from discussions among the industrialized countries. Members: Antigua & Barbuda, Barbados, Belize, Benin, Botswana, China, Côte d’Ivoire, Cuba, Democratic Republic of the Congo, Dominican Republic, El Salvador, Grenada, Guyana, Guatemala, Haiti, Honduras, India, Indonesia, Jamaica, Kenya, Laos, Mauritius, Madagascar, Mongolia, Mozambique, Nicaragua, Nigeria, Pakistan, Panama, Peru, Philippines, St Kitts & Nevis, St Lucia, St Vincent & the Grenadines, Senegal, South Korea, Sri Lanka, Suriname, Tanzania, Trinidad & Tobago, Turkey, Uganda, Zambia and Zimbabwe.

There are other groups variously labeled as G-8, G-20, G-33, and even N-11 (countries which Goldman Sachs considered in 2005 to have a high potential of becoming the world’s largest economies this century: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam).

One of the best, reliable, sources of information about these groups and their members may be found on the websites of the World Trade Organization and the previously mentioned G-20.

You can Track the ongoing discussions of the Pittsburgh G-20 Summit here. But be prepared for slow page loading. It is a very busy website.

Keywords: G-8, G-6, G-20

Slow Summer Tourist Season Means Job Losses for Many

Popular vacation destinations are ready to give tourists what they're looking for, all that's missing now are the tourists themselves. Photo: <a href="http://www.flickr.com/photos/mscolly/12990079/">Marvin (PA) (flickr)</a>
Popular vacation destinations are ready to give tourists what they're looking for, all that's missing now are the tourists themselves. Photo: Marvin (PA) (flickr)

Ah, summer. A time of rest, relaxation, meticulously planned vacations ... and this year, less travel.

One June report by a UN body predicted tourism would decline by 4 to 6 percent this year — and that's before the H1N1 virus further dampened travel.

Tourism is down even in the U.S., where tourists spent more money than anywhere else in 2008. But the downturn is worse across the Atlantic, according to an August Reuters story.

On Spain's popular Costa del Sol, tourist traffic is "the worst I have ever seen it," drink seller Pedro Hervas tells The Telegraph. "There is no one on the beach. If you came here last year at this time you would not be able to get around, there would be so many cars and people."

Analysts cited in a Wall Street Journal story on the battered Mediterranean tourism industry conclude that nations have yet to see the real effects of the tourism slump on economic growth.

"We are seeing a multifaceted impact from the crisis on the tourism sector and there will be a variety of consequences," Marko Mrsnik told the Journal. "These include employment consequences, consequences on the creditworthiness of households and companies in the sector and their ability to pay their debts, and it will certainly have an impact on government revenues."

In Greece about 19,000 jobs have been lost, people in the industry told The Wall Street Journal, and economists predict the lack of tourism could cut more than a percentage point off economic growth this year. According to the same Journal article, in Italy private-sector estimates of tourism-related job losses are as high as 150,000.

Some sunlight, however, has seeped through the dreary forecasts. After Iceland's economic meltdown made their currency more affordable, tourism spiked, and has continued to grow through the summer. North African countries such as Morocco and Algeria have also welcomed more visitors. Some of them are undoubtedly vacationing on the other side of the Mediterranean Sea for a change — or rather, to save some change.

When Thought Turns into Action

Topics: Corporations, Justice
Countries: France, United Kingdom

Hostage takings, vandalism and attempted assault sound like charges on a rap sheet for a hardened criminal. But they're the collective crimes of people who've been laid off recently.

Workers in the French factories for 3M and Sony — enraged about the size of severance packages for laid-off workers — held their bosses captive last month. The captured CEOs actually ended up bargaining with the kidnappers, while the police — not wanting to incense the workers even more — promptly responded by doing ...nothing.

Just last week, workers at a Caterpillar plant in France held their bosses captive as well. They, too, were looking for better treatment for laid-off coworkers. In another incident, workers at the French luxury retail company PPR surrounded their CEO's car and blocked roads so he couldn't escape. This time police did intervene and escorted François-Henri Pinault to safety.

Across the Channel in the United Kingdom, people are outraged with the multimillion dollar pension package given to former Royal Bank of Scotland CEO Fred Goodwin. One group was so upset that it vandalized Sir Goodwin's house and car.

An ominous e-mail from the vandals threatened more attacks:

We are angry that rich people, like him, are paying themselves a huge amount of money, and living in luxury, while ordinary people are made unemployed, destitute and homeless. This is a crime. Bank bosses should be jailed. This is just the beginning.

Joining in the spirit of protest, as many as 5,000 protesters gathering in London's financial district on the first day of the G-20 summit, expressing discontent over the financial crisis, climate change and war. Several demonstrators threw projectiles and forced their way into an RBS branch through broken windows.

Bert Klandermans, a professor of applied social psychology at Amsterdam's Free University, offers a psychological explanation for why some people are expressing their frustration in this way.

Anger is an emotion that spurs collective action ... [It's] an emotion that results from feeling that somebody is responsible for something, and could have acted differently ... [For many] the bankers did it wrong, and they did it wrong because they were greedy. That's what makes people angry.

Frustrated by executive compensation and the economy, protesters broke windows of an RBS branch in London. Photo: <a href="http://www.flickr.com/photos/camusartink/3406149635/">Camus Live Art (flickr)</a>
Frustrated by executive compensation and the economy, protesters broke windows of an RBS branch in London. Photo: Camus Live Art (flickr)

What does an Obama Presidency mean for Africa?

As the world's euphoria following Barack Obama's election fades (watch VOA's Africa coverage above), what can Africa expect from America's first African-American president — especially when it comes to issues of global poverty?

Many Africans are hopeful that Obama will work to vigorously tackle poverty and disease throughout Africa. Former South African President Nelson Mandela echoed those sentiments in a note of congratulations to President-Elect Obama: "We trust that you will also make it the mission of your presidency to combat the scourge of poverty and disease everywhere."

Are those hopes well-founded? Perhaps. President-elect Obama was a key sponsor of The Global Poverty Act which seeks to cut global poverty in half by 2015. After its passage in February of this year, Obama stated:

With billions of people living on just dollars a day around the world, global poverty remains one of the greatest challenges and tragedies the international community faces. It must be a priority of American foreign policy to commit to eliminating extreme poverty and ensuring every child has food, shelter, and clean drinking water. As we strive to rebuild America's standing in the world, this important bill will demonstrate our promise and commitment to those in the developing world.

Some humanitarian agencies, like World Vision, are already strongly urging President-Elect Obama presidency to increase foreign assistance, food aid in order to meet the UN Millennium Development Goals.

But will the current global economic crisis limit these commitments to poverty alleviation? During the Vice Presidential debate, Vice President-elect Joe Biden admitted that given the current state of the economy an Obama administration may need to "slow down" their previous commitment to doubling foreign assistance.

Obama isn't talking about poverty alleviation nowadays. He (and everyone else) is focused on the U.S. economy. So despite the world's hopeful outlook, it's still unclear how Africa — and its poor — will benefit from America's first African-American president.

Saharan Solar Plants Could Power All of Europe

These squares represent how much land would be needed to power the world, Europe or Germany with solar-thermal power. Photo: <a href="http://www.treehugger.com/files/2008/04/solar-thermal-power-photos-how-much-world-europe-germany.php#ch01">Treehugger</a>
These squares represent how much land would be needed to power the world, Europe or Germany with solar-thermal power. Photo: Treehugger

A single solar farm in the Sahara desert could provide clean electricity for all of Europe.

Scientists are investigating solar farms in the Sahara, as part of a $62 billion plan to provide all green power for a new, carbon-neutral European super-grid.

Because the sunlight in northern Africa is more intense, solar panels in the Sahara can capture up to three times more energy then panels located in northern Europe.

Arnulf Jaeger-Walden of the European commission’s Institute for Energy said today at the Euroscience Open Forum in Barcelona that a mere 0.3 percent of the light falling on the Sahara and Middle Eastern deserts would supply all the energy Europe needed.

The proposed solar farms will utilize advanced solar technology created by the California-based firm Ausra. These solar power plants use movable reflectors to concentrate sun light on pipes. The water in these pipes is solar-heated to produce high-pressure steam, which then goes through a turbine to generate electricity.

These innovative solar plants store enough hot water to make electricity even at night, and to increase production during peak demand periods. The plants are much more effective than traditional solar panel designs, allowing the plants to generate electricity at a mere 10 cents per kilowatt hour, much less than what the average consumer is paying now.

Ausra’s technology has been made cost-efficient by advances in transportation. Jaeger-Walden explained today that transporting the solar electricity would be relatively easy using new high-voltage direct current transmission (DC) lines instead of the alternating lines currently used. Energy loss using DC lines is very low, making the usual issue of transportation over long distances less of a problem.

Sixty-two million dollars for a project of this kind seems expensive — until you compare it with the more than $45 trillion in green-energy systems the world needs over the next 30 years to avoid global catastrophe, according to the International Energy Agency.

Doug Parr, Greenpeace UK's chief scientist, welcomed the project, saying:

"A large scale renewable energy grid is just the kind of innovation we need if we're going to beat climate change. Europe needs to become a zero-carbon society as soon as possible, and that will only happen with bold new ideas like this one. Tinkering with 20th-century technologies like coal and nuclear simply isn't going to get us there."

The Wheel World

Ciclovía Documentary shot by Streetfilms

Bogotá, Colombia is holding a 70-mile long block party. And everyone’s invited.

Ciclovía — "bike path" in Spanish — is an event that closes down major roads for pedestrian use every Sunday and holiday from 7 a.m. to 2 p.m. Created in 1976, it rapidly grew from eight miles and 140,000 bicyclists to 70 miles and an average of 1.5 million weekly riders. Ciclovía is championed as a community building event that attracts people from all backgrounds for a day of biking, walking, skating and dancing in the streets.

In the above video, Bogota’s former park commissioner Guillermo (Gil) Penalosa discusses Ciclovía’s main appeal: social integration.

You will see people in $5,000 bikes and others in $50 bikes, and all having the same fun! Rich and poor, young and old, men and woman, tall or short... ALL!

Cited for “endless benefits” such as the improvement of personal and public health, Ciclovía has inspired other cities to develop similar programs, including Guadalajara, Mexico; Quito, Ecuador; Santiago, Chile; and Paris, where an expressway along the Seine is transformed into a pedestrian refuge one month out of the summer.

Cities in the U.S. are also developing similar programs, starting with El Paso, Texas. This Sunday Portland, Ore., is clearing 6 miles of roadway for six hours in its inaugural "Sunday Parkways." New York Mayor Michael Bloomberg announced his city's plans for Ciclovía-like event this August that would stretch from 72nd to the Brooklyn Bridge along Park Avenue.

Events such as Ciclovía are not only free, but they also bring all sorts of people together to get healthy and build a happy community. It seems like a no-brainer that every city should have a Ciclovía!

Chinese Say No to French Goods

Countries: France, China

After all the protests during the U.S. and European legs of the Olympic Torch Relay, I figured a call to boycott Chinese goods may follow. Instead, it's the Chinese who are rallying behind a boycott.

The Financial Times reports on an online appeal asking Chinese consumers to stop buying French goods. Targeted brands include Louis Vuitton, Givenchy and L’Oréal.

I found one Chinese blogger who called the boycott appeal "immature" but nonetheless criticized Olympic protesters:

Olympics is like the Wedding Ceremony of PEOPLE in China, not the government. Imagine your reaction if someone try to ruin YOUR wedding, instead of your governor's wedding? Now the wedding of 13 billion people started to be ruined. Its not the government official who are not happy, it is everyone in the country who feel being hurt. Please understand the difference, and think about what is going to happen.

It remains to be seen whether such a boycott will gain popularity or have lasting effects on French companies. However, it's worth noting that France isn't even among China's top 10 trading partners, and that the same Financial Times piece notes that "a campaign against Japanese companies three years ago had little lasting impact."

On the contrary, a Chinese boycott of French goods, says Stratfor, a global intelligence service, "could come back to bite Chinese brands — potentially those of corporate Olympic sponsors."

The Implication of Economic Indoctrination

Topics: Education
Countries: Germany, France

Children learn based on their teachers-- and often national policy regarding education. This month's issue of Foreign Policy explores how the way Germany and France teach economics may spell a dismal economic future.

Millions of children are being raised on prejudice and disinformation. Educated in schools that teach a skewed ideology, they are exposed to a dogma that runs counter to core beliefs shared by many other Western countries. They study from textbooks filled with a doctrine of dissent, which they learn to recite as they prepare to attend many of the better universities in the world. Extracting these children from the jaws of bias could mean the difference between world prosperity and menacing global rifts. And doing so will not be easy. But not because these children are found in the madrasas of Pakistan or the state-controlled schools of Saudi Arabia. They are not. Rather, they live in two of the world’s great democracies—France and Germany.

From the Archives

France Top at Technology Aid to Poor Countries

Countries: France
Previously filed under: Technology
The Center for Global Development compared 21 industrialized nations on their support of the developing world in the area of technology.

From the Archives

Europe Faces Globalization - Part I

Countries: France
Previously filed under: Europe and Middle East, General Globalization
Wealthy nations practice globalization à la carte, by pursuing foreign firms and protecting their own.

From the Archives

Wall and Bulldozer

Countries: France
Previously filed under: Europe and Middle East, Global Economy
John Berger analyzes the words of the French prime minister in a time of social and economic upheaval.

From the Archives

No Globalization, Please - We Are French!

Countries: France
Previously filed under: Europe and Middle East, General Globalization
Populist posturing comes head to head with Chirac's stealth globalization.

From the Archives

Why the French Love Their Farmers

Topics: Agriculture
Countries: France
Previously filed under: Europe and Middle East, Agriculture
The greatest beneficiary of EU farm policy is reluctant to reform.

Stories We're Watching

For India’s Newly Rich Farmers, Limos Won’t Do

International Herald Tribune - Fri, 03/19/2010 - 00:48
Land acquisition for expanding cities and industry has created pockets of instant wealth, creating a new economic caste in India: nouveau riche farmers.

Africa Could Join High-Speed Science Network

All Africa - Thu, 03/18/2010 - 12:45
African science ministers are hoping to extend a high-speed fiber optic network — currently linking Egypt to the northern hemisphere — to other countries in Africa.

Vision for Africa

Daily Nation - Thu, 03/18/2010 - 12:30
Africa’s economic future and the challenge of uniting people and nations drew eminent politicians and scholars into a historic public debate in Nairobi on Thursday.

'Quiet Corruption' Hurting Africa's Poor

San Francisco Chronicle - Mon, 03/15/2010 - 09:22
A World Bank report says teachers and other public servants who don't show up for work are fueling "quiet corruption" throughout Africa that is disproportionately hurting the continent's poor.

Industrial Output Up; Hopes For Factories Grow

NPR - Mon, 03/15/2010 - 08:45
Industrial production edged up 0.1 percent in February, beating expectations and marking the eighth straight monthly increase.

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