NPGL Soundings: April 2009

Friday, April 10, 2009

National Perspectives on Global Leadership: Argentina

NPGL Soundings: April 2009

Argentina's key objectives for the G20 Summit were the injection of liquidity, the reform of the IMF - as well as other international financial institutions - and a stricter regulation of the credit rating agencies that failed to detect problems in the system.

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Friday, April 10, 2009

National Perspectives on Global Leadership: Brazil

Denise Gregory, and Tomas Zinner
NPGL Soundings: April 2009

In Brazil, initially the government took a very optimistic position towards the financial crisis, forecasting a 4 percent growth rate in 2009 and a small impact of the crisis on the economy. But now Brazil's economy is suffering

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Friday, April 10, 2009

National Perspectives on Global Leadership: Canada

NPGL Soundings: April 2009

Recent polls indicate Canada's current minority government enjoys 33 or 34 percent of popular support. Almost half of those polled said they were unhappy or very unhappy with what the prime minister had done so far to mitigate the effects of the recession. Without the summit, support might have been dragged down farther by all the troubling economic news. However, the stock market responded positively, closing April 3 at a three-month high, which was an indication of a growing confidence in the markets. The Canadian dollar's value increased.

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Friday, April 10, 2009

National Perspectives on Global Leadership: China

Lan Xue
NPGL Soundings: April 2009

There have been various interpretations of the root cause and the long-term consequences of the global economic crisis in China. Some have blamed it on the American economy over-leveraging its economic power at the cost of the global community, and questioned the fairness and usefulness of the current global financial institutions

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Friday, April 10, 2009

National Perspectives on Global Leadership: France

Jacques Mistral
NPGL Soundings: April 2009

The G20 meeting is commonly seen as a success because it lays out "new rules for global capitalism." Due to President Sarkozy's emphatic threat "to leave an empty chair at the dinner" if his proposals were not followed.

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Friday, April 10, 2009

National Perspectives on Global Leadership: Germany

Thomas Fues
NPGL Soundings: April 2009

The assessment of the G20 Summit by the German media has clearly been favourable to Chancellor Angela Merkel. She is generally credited with having had a decisive influence on the summit's proceedings and outcome, in a somewhat unexpected alliance with French President Sarkozy.

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Friday, April 10, 2009

National Perspectives on Global Leadership: India

Pratap Mehta
NPGL Soundings: April 2009

Perceptions of the G20 Summit are not independent of broader ideological and theoretical commitments of commentators and their sense of causes and effects of this crisis. It would be, particularly for a country like India, hard to pretend that there is a unified perception.

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Friday, April 10, 2009

National Perspectives on Global Leadership: Mexico

NPGL Soundings: April 2009

Mexico's primary objective at the G20 London Summit was to plead for the international community not to be swayed by protectionist sentiment in order to keep vital trading links open and as free as possible.

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Friday, April 10, 2009

National Perspectives on Global Leadership: South Africa

Peter Draper
NPGL Soundings: April 2009

The South African economy is heading for its first recession since 1992, after 16 years of uninterrupted, albeit somewhat anemic, growth. Consequently, the first priority was to ensure that the short-term agenda outlined during the Washington Summit was adequately addressed, with appropriate measures taken in the major developed countries to underpin growth.

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Friday, April 10, 2009

National Perspectives on Global Leadership: Turkey

Eser Şekercioğlu
NPGL Soundings: April 2009

This has been an exceptionally busy week for Turkish foreign and economic policy makers. The G20 and NATO Summits were immediately followed by Barack Obama's visit to Turkey, which happened to be the president's first official visit except for the international summits in London and Prague.

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Friday, April 10, 2009

National Perspectives on Global Leadership: The UK

Martin Albrow
NPGL Soundings: April 2009

The global crisis has opened up the issue that has long been dormant in British politics: whether it is in the national interest to be so dependent on the financial sector. In recent years all political parties have effectively signed up to an open borders, globalization agenda that appeared to enjoy sustained success and led to London displacing New York as the top global financial centre.

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Friday, April 10, 2009

National Perspectives on Global Leadership: United States

NPGL Soundings: April 2009

Headlines varied on April 3, with the Washington Post giving favour to the European agenda by heralding “Nations Craft Hard-Fought Pledge to Repair World Financial System” while the New York Times, “Obama Ties U.S. to World in Seeking Blue print for Global Recovery”.

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