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The following article was published in our article directory on November 12, 2010.
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Should Not Only Attach Importance to the Financial

Article Category: Business

Author Name: xia zihui

If you know the rough major countries to draw on the exchange rate of light sticks, not to focus on solving the problem of this, the end may be self-destructive future.

Fifth G20 summit held in South Korea, the media and scholars almost unanimously the spotlight in the exchange rate and monetary system reform issues. I would think, just in front of these issues, G20 really want to have to play in global governance, to seek long-term status, the financial problem is one, it together with other international organizations need to seriously consider north-south imbalance, and development issues.

Mentioned the problem of uneven development, a little list of a set of data, enough was shocking. According to the World Bank and United Nations Development Programme estimates that globally about 11 million people living in poverty, they account for 17% of the world's population, but occupy less than 0.3% of global products, 8.31 million people struggling with malnutrition, 1197000000 people without a stable water, 2.747 billion people lack basic sanitation, 10 million people homeless nothing, about 876 million adults are illiterate.

On the one hand is the shocking gap between rich and poor, on the other hand is an irresistible trend of population growth. It seems that in addition to peace and development issues is beyond doubt, our major problem of human life and death.

Development issues, including two meanings, first, how to solve the developed and developing countries and within countries between rich and poor divide. This is an old topic in international politics, and the 20th century, North-South dialogue 60 to 70 years without much success, 80 years to promote the "development decade" difficult, since the new century's Millennium Development Goals, seeing only less than 5 years time, the financial crisis has seriously hurt the program seem more difficult to achieve this goal.

The second development is the meaning of the face of the tension between resources and population, to choose what kind of development model, has increasingly become a national system reform and the choice of the core, this is also new problems in domestic politics. This second meaning in the final analysis, that is, who can be the first to explore a continuous, inclusive and peaceful development model, the first to explore this path in the country, will occupy the commanding heights of the future international politics. Now thing is certain, the establishment of private property in the competition, profit-maximizing consumption-oriented and resource-exclusive basis of political and economic system, more is not considered to choose the direction of the human system.

In addition to the United Nations and outside of the United Nations Millennium Development Summit, G20 is the most capable and responsible for the development to provide political and even economic support mechanisms. G20 members of GDP accounted for about 85% of the world population nearly 65% of the total world population. G20 member countries rich conditions, different systems, different cultures, the degree of development there has, in development of different experience each has accumulated a number of countries, itself beset by development. In particular, a number of years, emerging countries, the eradication of poverty, hunger, universal primary education, promoting gender equality, reducing child mortality, disease prevention and control, disaster prevention and mitigation projects and other provisions of the United Nations Millennium Development targets, have made remarkable achievements, should be worth the international community to the attention. The formation of G20, based on the coordination of the financial sector is necessary, since the financial crisis, the Ministerial Meeting and Summit became the core of international financial governance platform, although insufficient, but reflect the spirit of multilateralism and cooperation and overcome difficulties in the international community indispensable. Now it seems there is no second mechanism seems to like the G20, the most capable in the appropriate multilateral context, focusing on financial management in addition to other major global issues. With the countdown to the Millennium Development Goals approaches, G20 summit is an appropriate occasion to give more attention to the development agenda.

Development of not only the developing countries. Data show that since the financial crisis, due to exchange rate fluctuations, trade protectionism and other factors, at least for poor people in developing countries increased by 1 million. In addition, the crisis continues, not to mention developed countries, the poor worse, which will appear middle class differentiation, to the serious at that, even shake the foundation of its social order. If you know the rough major countries to draw on the exchange rate of light sticks, not to focus on solving the problem of this, the end may be self-destructive future. G20 are active as of today one of the platforms of global governance needs to broaden their horizons, have the responsibility in the global development model of uneven development and innovation, to provide collective support.

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