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The following article was published in our article directory on November 12, 2010.
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Calls for Global Cooperation Mechanism

Article Category: Business

Author Name: Amanda xzh

Development of economic globalization against the backdrop of various countries and regions of economic, trade, financial activities more frequently, an unprecedented close interdependence, countries, especially the major developed economies of the spillover effects of macroeconomic policies to bring more prominent, there is an urgent need for countries to increase the intensity of macroeconomic policy coordination. At the same time, the economic strength and development level there is a huge difference in interest demands vary, the global coordination of economic policies increasing the difficulty and complexity.

The governance aspects of the global economic system, it is a huge challenge, it also highlights the importance of the G20 system and necessity. Some analysts pointed out that after several rounds of running series of meetings of G20, G20 has become a solid mechanism for the global response to the crisis. More importantly, in the Wall Street financial crisis and the euro sovereign debt crisis, Europe and the US-led capitalist financial system has diverged, within the framework embodied in the G20, is a diversified game ushered in a new pattern.

The current global economy is in a critical period of recovery of the countries in promoting economic recovery, it should also focus on long-term joint efforts to promote global economic governance and reform and development, in order to achieve a strong global economy, to contribute to the sustainable balanced growth.

In addition, countries should fiscal and monetary, financial sector development, structural reform policies to enhance coordination and work together to promote global economic stability and growth. Major developed economies to take due responsibilities and obligations, through structural reforms to resolve their own trade imbalances in the growth of employment and the problems and the implementation of responsible macroeconomic policies to maintain relatively stable exchange rates of major reserve currencies, reducing the negative spillover effects of monetary policy, the strong world economy to provide sustainable and balanced growth and stable international financial environment. Developing countries should be based on the actual situation of their own development to develop appropriate macroeconomic policies, accelerate economic restructuring and development to change the way in achieving its own economic growth, as global economic growth and make whatever contribution.

If you look at their own interests in various countries, would lead to "beggar thy neighbor" situation. The face of international pressures, China should look at the issue rationally and take the initiative to create a climate of cooperation, strengthen communication with various countries. As an important member countries, representatives of developing countries, sound, help developing countries address the problem difficult times. On the other hand, in developed and developing countries should strengthen coordination between the creation of environment for cooperation.

G20 mechanism is to promote balanced world economic growth, China should actively promote the direction of the original G20 mechanism towards the development of a solid platform and strengthen the G20's position as an international, while actively promoting the mechanism of the G20 system.

RMB exchange rate and trade imbalances facing many other pressures, China should make use of multilateral mechanisms G20, actively involved in the globalization of diversity among the game. Demands in a wide range of interests, the common ground, and different, will be able to find a crack of the policy.

About the Author: I am a editor, http://www.qualitymp3player.com provides gel wrist pad,intraoral dental camera, welcome to visit!

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