Heather Maher
Radio Free Europe
September 27, 2009
[efoods]PITTSBURGH — A new world order is emerging at the G-20 Summit in Pittsburgh with a decision by the group to become the premier coordinating body on economic issues.
A joint communique was expected to show that emerging countries like China and India will be given more of a voice in how the global economy is run.
G-20 leaders were also pledging to leave in place for now emergency measures taken last spring that have brought signs of global economic recovery, and to act as one to prevent a repeat of the financial meltdown.
A copy of the draft document, which was obtained by Reuters, said in part: “We pledge to avoid destabilizing booms and busts in asset and credit prices and adopt macro-economic policies, consistent with price stability that will promote adequate and balanced global demand.”
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