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    Developing countries want G20 to refocus on world

    CANNES, France (AP) — This week's G-20 summit was dominated by Europe's debt crisis, but developing countries want the grouping of major economies to refocus on a bigger global agenda that includes creating jobs, improving farming and fighting climate change.

    China, Brazil and other rising powers won a bigger voice in U.S.- and European-dominated global affairs following the 2008 financial crisis. But flare-ups in the eurozone have distracted leaders from what they say should be efforts to reform global finance and improve life in poorer societies.

    Now, as Mexico succeeds France as leader of the G-20, developing countries are pushing for more attention to long-term changes aimed at making the global economic system more equitable, increasing investment in Africa, making farming more productive and stimulating investment and trade.

    "The key issue is not to allow the G-20 to be overwhelmed by the crisis in Europe," said Mac Maharaj, a spokesman for South African President Jacob Zuma. Instead, "it should attempt to come up with a plan that incorporates bringing about growth in developing countries."

    The two-day G-20 summit in this Mediterranean resort was dominated by rapid-fire developments in debt-ridden Greece's chaotic politics and talk of how to strengthen the International Monetary Fund, both to play a bigger role in a European bailout and to help shaky economies elsewhere.

    A joint communique issued Friday promised to reform financial industries to prevent a repeat of excesses that have prompted protests; invest in research to improve farm productivity; reform energy subsidies that encourage waste; and create jobs for young people.

    But the financial crisis might mean governments are not paying enough attention to the long term, said Daniel Schwanen, an economist at Canada's Center for International Governance Innovation, a think tank.

    "Where is the employment agenda? Where is the growth agenda?" he said. "We've been sidetracked by the emergency debt issues."

    A G-20 panel produced a list of priorities ahead of the Cannes meeting that included improving conditions to attract investment in infrastructure to Africa, increasing food security and regulating capital flows.

    Mexico is expected to make employment and the needs of poorer countries a priority during its yearlong tenure as the G-20 president.

    "There's a recognition that lack of jobs for young people brings social challenges and a decline in social cohesion," said South Africa's finance minister, Pravin Gordhan. "The public around the world has been making clear that these are challenges that require urgent attention."

    The G-20 emerged as a major forum after the 2008 financial crisis battered the United States and Europe, which turned to China, India and other fast-growing developing economies for help in reviving global growth. It has given midsize economies such as Turkey, Indonesia and Mexico a seat at the top policymaking table for the first time.

    "It is developing countries over the next five to 10 years that have the best prospects of ensuring the world grows at the required level," said Gordhan.

    Still, the G-20 has yet to replace the more influential Group of Eight that groups together the United States, Japan and Europe's biggest economies.

    On Thursday, Chinese President Hu Jintao called for a still larger role for emerging countries in "a more equal and balanced global partnership."

    "We should further unleash the development potential of emerging markets and developing countries and boost the economic growth of developing countries," he said in a speech to other G20 leaders, according to a transcript released by the Chinese government.

     
    • A Yahoo! User  •  6 mths ago
      Translation = Give us your money
      • Cat 6 mths ago
        Nothing but income redistribution marching towards One World Order!
      • amkinnear 6 mths ago
        socialism=fascism=nwo.
      • beau10 6 mths ago
        I cannot help but giggle hysterically when it looks as though the NWO is collapsing and getting viciously sucked down the drain.
    • chubbieewubbiee  •  Tucson, United States  •  6 mths ago
      NWO marching ON, and ON, and ON...

      not too much longer before we are a 3rd World country
      • Jerry B 6 mths ago
        I agree...unfortunately :(
      • flood 6 mths ago
        The first depression happened when the gdp to debt was 15-22% , today , that is considered as safe and manageable, the truth is , brettonwoods managed to convince the rest of the world about their view of the world economy and micromanaging their lies. today we are bearing the fruits of 1944
      • MRV 6 mths ago
        Many neighborhoods in L.A. are already there. My old neighborhood of
        East Los Angeles has resembled Mexico City for decades now.
    • Equal Justice 2010  •  6 mths ago
      The US needs to stop all AID and fix its own debt first....
    • enuffsenuff  •  6 mths ago
      The EU created the Euro with the hope of replacing the U.S. dollar as the global currency, thereby advancing European economies at our expense.

      Let them fail.
    • PuttPutt  •  Austin, United States  •  6 mths ago
      The IMF is a sponge soaking up US Taxpayer dollars (borrowed dollars).
      • geniusandinsanitywalkdown ... 6 mths ago
        day 1, after the recent greek bailout...the US stock market rises massively.
        day 2, after the bailout, us stock market falls dramatically, after folks realize who has to pay for their bailouts
    • We the People  •  Minneapolis, United States  •  6 mths ago
      translation send us money
    • WildBillCody  •  6 mths ago
      Yah know, I am sick of seeing my tax dollars #$%$ into the wind because "developing" countries who have been "Developing" for the past 50 frickin' years, keep corruptibly and continnuously taking our tax dollars and using them to support the rise of their local dictator.
      • geniusandinsanitywalkdown ... 6 mths ago
        The reason we dont have money for our own infrastrucutre is cuz we give away our surpluses each year to a bunch of countries that hate us....
    • rowley  •  6 mths ago
      Failed G20 and Failed Euro Zone prove Failure of Globalist ideology. It is proved only as strong as weakest link.
      USA must not fund or participate in these doomed Organizations or we will just be another domino in the fall.
      • razia 6 mths ago
        The West is going down in the Atlantic Ocean like the Titanic and has only itself to blame for the crisis. No one is going to bail you out, nether Asia, Africa nor Latin America. You ruined the economies of these three continents in the past 3oo years. Now the shoe is on the other foot and feel the pinch!
      • smooth 6 mths ago
        Thanks Einstein, you're excused
    • CubaMoJohn  •  Wentzville, United States  •  6 mths ago
      Well, Obama, Immelt, & his economics council is definitely lowering unemployment numbers......IN CHINA, BRAZIL, COSTA RICA, VENEZUALA......so maybe they can help these countries too.
    • God Bless America  •  6 mths ago
      Keep Obama out of the G20..he has already killed the US economy. Now he is set to damage the world economy.
    • Dirg  •  Wausau, United States  •  6 mths ago
      This all sounds great - but please don't ask for money out of my American wallet to implement all that is stated - investment in Africa, food security, poor countries.....let's focus on America and let the other countries focus on their country and their needs....not much in Africa for America, so spend our money on American education versus African infrastructure....PS - no one funds american infrastructure except americans....so why should I help build bridges and roads in other countries?
    • Steven  •  6 mths ago
      As long as we have leaders who want to redistribute our wealth we will have bottom up poverty, just like in the old Soviet Union and present day Cuba.
    • EPIC FAILURE Oblamo  •  6 mths ago
      What has supplying ALL of the food and wealth to Africa gotten us? A population explosion and more demands for food and wealth.
    • EPIC FAILURE Oblamo  •  6 mths ago
      Blacks and spanish all over the world telling us to give them our money just like they do here in the good ol' USA. Stop having kids you don't intend to feed yourselves!!!
    • Moose  •  6 mths ago
      In other words, they want more of the money for their own uses. Gimme, Gimme, Gimme.
    • Royal1  •  6 mths ago
      How much of our USA business is Obama allowed to blab to the G20?
    • yodi  •  6 mths ago
      well want do these emerging countries bring to the table. and if the stronger economies go down the tubes ,what do they expect for europe and us to do for them.
    • almostnuts  •  Houston, United States  •  6 mths ago
      meaning- we have spent the money you gave us last time. we will spend the money you give us this time. send more money all the time. if these little shithole undeveloped countries would open up there land for more foreign investment to small operators and not conglomos there could be some forward progress. why would i start a crocodile farm in africa, knowing full well the government was waiting for me to become successfull so they could open one and drive me out of business. that is after i opened a clinic, hired more workers than necessary, sponsored a soccer team, and payed bribes to the local councilman and his cronies. all the while having to meet increasing regulation like, using a government tanning house when the customer did not want them tanned, but its the law, or not really being able to export the hides, but a government man will assist me in smuggling them out of the country for a handsome price as well. africa has a long ways to go, they are hungry and oppressed due to gov. failure and massive corruption. been there, got the tshirt made in china. not one penny, america first, now and always.
    • -Artful Codger  •  6 mths ago
      The rich countries, led by the US, have created a global welfare system with all the giving that has been done over the past century. Now, instead of trying to solve their own problems, and invest in their own research, they all look to the rich countries to do it all for them. The bad news is: Uncle Sugar and the gang are broke!
    • joe  •  Bangkok, Thailand  •  6 mths ago
      let me see if i got this right.......these developing countries are exporting thier people to the west so that .........the west is now a bunch of developing countries. can anybody else see this?
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