World leaders of the G-20 gathered in Washington to discuss solutions to the global financial crisis. Although the crisis originated in the deregulated financial markets of the developed countries, the impacts of the crisis – both in the financial sector and in the real economy – are spreading globally, including to many countries of the global South. Will the "solutions" discussed at the G-20 meeting help or hurt developing countries?
Panelists Martin Khor, Director of the Third World Network and Mark Weisbrot, Co-Director of CEPR discussed appropriate regulatory mechanisms that are needed to prevent another similar crisis, and steps governments can take to reduce the impacts in the real economy of the US recession on countries globally.
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