Just months after G8 and G20 summits were held simultaneously on Canadian soil, world financial leaders are ready to converge on Korea for Round Two.

Seoul is hosting the G20 Business and Financial Summits beginning today and continuing through Friday.

John Curtis, Distinguished Fellow at Waterloo's Centre for International Governance Innovation (CIGI) says one thing we should not expect at these summits is continued admiration for the way Canada manages its banking and financial system.

"The great recession is slowly coming to an end and banking regulations are being fixed up internationally. That was one of the original initiatives of the G20," Curtis explains. "Canada's banking system has been looked at and talked about and thought of quite highly but that's a bit behind us now, the page has been turned."

Heading into these three days of meetings, Curtis sees "summit fatigue," international disagreement on currencies and trade balance, issues of continued unemployment and how to drive a worldwide innovation agenda as key issues.

"This meeting has probably got as much disagreement ahead of time as any summit meeting I can remember for many years," Curtis states.

Curtis does not believe Canada has a lot to offer at these summits in light of the fact that the two meetings we hosted last summer barely registered as a blip on the international radar save for the violence and alleged human rights abuses that took place.

A report this week suggests the price tag for the summits in Canada has climbed to more than $850-million, including a $329-million bill from the RCMP.

Over the next three days, during a series of roundtable discussions, business leaders will exchange views on how to bolster the recovery and put the global economy back on the path to high growth.

The the agenda includes four main topics: trade and investment, finance, green growth, and corporate social responsibility.

Business leaders, who have been asked to do some work on the issues in the months leading up to the Summit, will have an opportunity to discuss their views with some of the G20 leaders before the Summit.