G20 summit of economic and financial coordination and cooperation mechanism for the formation of the mind Cheap Nikola Mirotic Jersey , is the global financial crisis and economic downturn, the world clearly understand that only based on the global economic and financial stability, strengthen macro-economic policy and monetary policy multilateral international cooperation and coordination, the risk-sharing is possible through the difficult times of global economic recovery and restore the stability of international financial order. Therefore, G20 summit framework of international cooperation and coordination mechanisms of the formation is in line with the fundamental interests of countries in the world where, as a global economic and financial policy coordination of the important mechanisms. G20 summit held regularly to coordinate national responses to international financial crisis, the views and position Cheap Robin Lopez Jersey , although it comes with a certain degree of emergency, on the role of the countries is not mandatory and can not effectively address the future of global issues, but between members understanding the global economy at this stage, the operation has a significant financial impact. As a result, in September 2009 held in Pittsburgh's third financial summit, G20 was officially established as "the main platform for international economic cooperation."
G20 in the form of cooperation and coordination mechanisms in countries with economies based on various unique way of coordinating economic and financial policies of the multilateral framework, has been held five times. In the current international financial crisis and global economic situation has not alleviate the increase in the case of variables Cheap Kris Dunn Jersey , how to handle the coordination and national interests of the independent international relations, grasp the macro-economic policy and monetary policy-oriented and reform the international financial system is still facing the world The problem, I am afraid that this heavy responsibility of non-cooperation and coordination mechanism is none other than G20.
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Representation of the G8 mechanism is limited to Western countries, and G20 mechanism for broader representation. Therefore, the "post-crisis period" G8 mechanism to solve the issue of this series has been inadequate, and its authority is clearly not enough; and people put more hope in the mechanism G20 Cheap Zach LaVine Jersey , G20 mechanism of multilateral international cooperation and coordination mechanisms are more breadth and diversity, worldwide more authoritative.
Thus, how the financial crisis and monetary policy on macroeconomic policies to strengthen international cooperation and coordination, G8 mechanism could play a role and influence greatly reduced, while the G20 mechanism and impact of increasingly more important. G8 and G20 in the case of the coexistence mechanisms, the international community and the media G8 international cooperation and policy coordination mechanism, while talking about the limitations and authority Cheap Bobby Portis Jersey , G20 mechanism is bound to replace most of the functionality G8 mechanism, become the dominant global economic cooperation irreplaceable and important mechanism for policy coordination.
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