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- Time: November 15, 2008
- Location: Washington, D.C.
- Hosted by the United States
- First G-20 Leader's Summit meeting where countries where represented by their government leaders
- Two day meeting
- Four international organizations attended
- G-20 was created in the late 1990s
- Members include 19 nations and the European Union
- Nobel Prize-winning economist Joseph Stiglitz criticized the White House for not having the summit at The United Nations headquartersCanada.com: Economist criticizes Bush's economic summit (October 23, 2008)
- 2009 G20 Leader's Summit meeting will be held on April 2, 2009 in London
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The Washington Global Economic Summit was a conference on the economy which took place in Washington, D.C. on November 15, 2008. The conference was hosted by the United States and focused on the causes of the current global financial crisis. Leaders that participate in the G-20 were invited.
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Conclusions
The attendees at the meeting agreed on an action plan to reform the financial system and to work together to restore global growth. The representatives agreed to meet again in April 2009 at the G20 London Summit 2009 to review the principles set forward during the summit.France 24: G20 leaders agree on action plan to minimize financial crisis (November 16, 2008) Leaders also agreed to create detailed proposals to deal with the global financial crisis and present them in March 2009. The meeting was criticized by some who said the meeting failed to reach any concrete decisions.Spiegel Online: The Good Intentions Summit (November 17, 2009)
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Washington Global Economic Summit Questions
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In the current global economic downturn, will U still pay a higher price if U are getting what you perceive to be good value for money? 1 AnswerNo doubt. I would gladly take quality over quantity any day of the week, But i would probably conserve more than usual and hold back A tad but only a tad. It's ... read more -
Can globalization guarantee peace? 3 AnswersNO, coz we have different religions, cultures and beliefs... and the world full of ambitious people wanting to rule over others so we have big problem in politi... read more -
How has the entrepreneur emerged as the powerhouse to the global economy? 1 AnswerQ: How has the entrepreneur emerged as the powerhouse to the global economy? A: How? HOW?!? Don't you mean to be asking, "WHY did it RE-emerge?" In the first... read more
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