VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД FIND US ON: YouTube Twitter
breakingnews
Go to main page   Politics   ROAR: A developed world is not enough  
MORE ON THE STORY
Members of the Freedom from Debt Coalition (FDC) protest in front of the building housing the World Bank office in Manila, July 8 (AFP Photo / Ted Aljibe) 08.07.2009, 11:22 2 comments

G8 summit purely smoke and mirrors – Celente

Is the G8 actually capable of solving the world’s financial problems? The founder and director of the Trend Research Institute in the US Gerald Celente isn’t holding his breath.

25.06.2010, 14:39

ROAR: “World’s elite club G8 still useful”

Analysts wonder if the time has come for the Group of Twenty countries to replace the Group of Eight.

14.10.2010, 18:43 6 comments

ROAR: “Britain does not mix economy and politics”

After William Hague’s visit to Moscow, many analysts still doubt that “a quick new start” in relations with Russia is among London’s priorities.

26.10.2010, 15:32 3 comments

ROAR: Opposition at odds over first authorized rally on Triumfalnaya Square

Moscow City Hall has for the first time permitted 800 civil rights activists to gather on their “favorite square,” but some of the organizers say the number allowed is too low.

26.05.2009, 07:01 12 comments

America’s pro-business leaders: the real culprit behind economic crisis

The global crisis was not born directly out of the US economy; the global financial crisis was born out of America’s pro-business political establishment, which perpetuates the system’s endemic failures.

01.02.2010, 15:56 13 comments

Paulson points finger at Moscow for plotting crisis in the US

The former US Treasury secretary has accused Russia of trying to undermine the American economy shortly before the global recession.

Vladimir Kremlev for RT 21.08.2009, 13:53 18 comments

ROAR: “The USSR had no alternative to pact with Germany in 1939”

The Non-Aggression Treaty, signed by the Soviet Union and Nazi Germany 70 years ago is still at the center of attention for politicians and historians.

05.02.2010, 13:57 24 comments

ROAR: Missiles in Romania “may influence Russia-US reset”

Analysts are wary and skeptical of the first step in building “a new architecture of missile defense” that Washington is making in Romania.

07.04.2010, 08:45 10 comments

Democrats are pushing the US towards a war with Iran – Pat Buchanan

America is facing a crisis of democracy because of the rising deficit gridlock in Washington and a possible war with Iran, political commentator and author Pat Buchanan told RT.

20.04.2009, 13:03 7 comments

Crisis as a way to build a global totalitarian state

As the world financial and economic crisis comes into its own, the Western community leaders are seeking to impress on mankind the idea that this upheaval will end up ‘turning the world into something different’.

ROAR: A developed world is not enough

Published: 09 July, 2009, 15:17

TAGS: G8, ROAR, Politics, Crisis Chronicle


Participants of the G8 summit in Italy have taken another step towards increasing the size of its club.

The G8 member states will be able to solve the topical problems only with the help of developing economies, Russian analysts say. The first day of the G8 summit in L’Aquila was devoted to the group’s current participants, while for the next two days they are joined by representatives of Asian, African and Latin American countries, and international organizations.

One of the key topics discussed at the summit is fighting the consequences of the world financial crisis. Another task is creating an efficient world architecture of the financial institutes, Evgeniya Voyko, from the Center of Political Conjuncture of Russia said on the company’s web site.

“It is important that the participants of the G8 have understood the necessity to invite for the discussion representatives of rapidly developing countries, such as China, India, Brazil and South Africa,” Voyko said.

Delegations from some African countries will also take part in the summit. “They have been drawing more attention from leading world powers in recent years,” she added.

The competition for influence by the big powers on the territories of emerging economies is also increasing. Voyko refers to the rivalry between Russia, China and the US in oil- and gas-rich regions of the African continent and the competition between Russia, France and Italy over the Maghreb.

“At the same time, it is obvious that the invitation of countries outside the G8 is caused not only by the desire to strengthen efforts in fighting the international crisis,” Voyko believes.

“The summit has recently drawn criticism for being too closed to outsiders and, as a result of it, incompetence,” Voyko said. “The participants in the G8 were blamed last year for the failure to predict the beginning of the crisis,” she added.

Leaders of the G8 appear to have embraced the idea of expanding the organization, even if unofficially. The daily business newspaper RBC quotes German Chancellor Angela Merkel as saying that the present economic problems “could no longer be solved by developed countries on their own.”

Her main message was that the current format of the G8 does not meet the requirements of the present situation, RBC wrote. There are quite a few countries which are not members of “the club of elite states,” but surpass them in some fields, the paper added.

Sergey Karaganov, the dean of the World Economy and Politics department at the State University – Higher School of Economics believes that the summit in Italy will demonstrate the ability of the G8 to conduct modernization.

Writing in the government’s Rossiyskaya Gazeta, Karaganov said that the two previous summits in Russia and Germany made the step of inviting to the discussion of the world’s agenda the leaders of China, India, Brazil, Mexico and South Africa.

“Another step to transform the G8 into the G13 will be made in L’Aquila,” Karaganov stressed. All 13 countries took a fairly active part in the preparation of the summit in Italy, the dean said.

“However, I do not think that the G8 will be officially changed into the G13,” Karaganov stressed. He believes that it is difficult enough for eight countries to discuss seriously and deeply most issues.

At the same time, by inviting other players into the group, the organizers of the summit in Italy may distract the attention of those who ask if the G8 is necessary at all, Karaganov believes. “Such questions have been often asked recently as the organization is turning onto a big PR-event for both its official participants and for antiglobalists,” Karaganov writes.

Some candidates for the formation of the G13 include China, India and Brazil, who are Russia’s partners in such organizations as the Shanghai Cooperation Organization (SCO) and BRIC, and both of these organizations regularly hold their own summits. Political scientist Mikhail Vinogradov has described the SCO, BRIC and the G8 as “rather platforms for discussions than centers for taking decisions.”

“Such organizations are needed first of all for the change of opinions and search for common approaches,” Vinogradov told Nezavisimaya Gazeta daily. “The key issues, as a rule, are decided during bilateral meetings,” he added.

Director of the Center of European Studies Timofey Bordachev told the same source that during summits of BRIC and SCO Russia positions itself as “a participant of the non-Western world.” This is important, because the international relations are becoming more democratic, he noted.

The status of G8 as a club of leading industrial democracies has seriously changed over the last year, Vremya Novostey wrote. “Or, rather the world has changed. If before the crisis some politicians in the West could demand the expulsion of Russia from the G8 for something and speak simultaneously about the invitation of China to the club, now these conversations do not have any sense at all,” the paper said.

The leaders of the 20 leading economies of the world met once in November of last year and again in April of this year, and the “old creditors” had to discuss the most topical financial and trade issues with new creditors – first of all with BRIC, Vremya Novostey noted.

Newspaper Novaya Izvestiya adds that the number of participants in the summit in Italy compared to previous years has increased. The paper quoted Arkady Dvorkovich, aide to the Russian president, as saying that there would in fact be several summits in Italy. Besides India, Brazil and some delegates from Africa, representatives of Denmark, Netherlands and Turkey will join participants of the meeting.

Beginning with the summit in Germany’s Heiligendamm in 2007 the “Eight plus Five (China, India, Brazil, Mexico and South Africa)” meetings were formalized, Vremya Novostey noted. Those leaders of developing economies have been invited to the summit once again, and the G8 is becoming an increasingly expanding club that takes into consideration the interests of those countries, highlights the paper.

Sergey Borisov, RT.

0 (2 votes)
 
Back to top
next MORE NEWS
Clouds over an Kuril Island Crater and Lake 09.07.2009, 14:23 7 comments

Japan attempts to redraw post-war borders

The territorial dispute between Russia and Japan over the Kuril Islands dominated discussions as President Dmitry Medvedev meets Japanese Prime Minister Taro Aso on the sidelines of the G8.

Israel's Prime Minister Benjamin Netanyahu 09.07.2009, 18:27

Netanyahu’s father says his son didn't really mean what he said

To the ranks of skeptics about Israeli Prime Minister Benjamin Netanyahu’s declared readiness to accept a Palestinian state was added a formidable figure – Netanyahu’s very own father.