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Japan Exempted from Russian Countermeasures: Russian-Japanese Partnership Reaffirmed

... Western powers have been reluctant to enlarge the international decision making circles, including the World Bank and the IMF. However, when the global financial meltdown prevailed in 2008, the West was quick to initiate a new G-20 forum. The naissance of G20 was driven by a political imperative: to maintain the competitiveness of Western firms, the West needed to make sure that all major economies would adopt the same global regulations.[5] In the same vein, recent American pressure on the EU to adopt ...

Кобаяси Кадзусигэ
Опубликовано:
07.08.2014 18:12:00

Growth is Stability –A Scope of Interdependent Emergence

... in recent years. In short, the onset of the global economic downturn demolished the economic hegemony of advanced countries. The crisis proved that G8 was no longer an effective forum of global policy coordination and it is increasingly replaced by G20. Despite the ongoing redistribution of power, however, emerging countries particularly Russia and China are often portrayed as a threat to the existing regimes of global governance, both in political and economic terms.[3] Photo: Anton Knoff Photo ...

Кобаяси Кадзусигэ
Опубликовано:
07.08.2013 16:39:00

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