CNN | G-20: Shaping a new world order

U.S. economic mettle is tested as emboldened leaders from throughout the world gather in Washington.

NEW YORK (CNNMoney.com) — The role of the United States as the world’s economic leader will be tested this weekend when 20 significant world leaders meet in Washington to address the global financial crisis. Read more

A new world economic order debuts in Washington

WASHINGTON — A formal farewell to the American-led postwar financial system and a coming-out party for an expanded club of economic powers that will design new rules to meet the global financial crisis.

That is how this weekend’s Group of 20 summit, called by President Bush, is likely to be remembered: not so much for the action taken, as for the milestone it marked and the emerging global economic order it heralded.

“The summit marks a more inclusive form of international cooperation” in dealing with the global economy, says Sebastian Mallaby, director of geoeconomic studies at the Council on Foreign Relations in Washington. After decades of a handful of leaders from the richest economies meeting to address the world economy, “just the creation of the G-20 at head-of-state level will be the first accomplishment.” Read more

G20 summit: New world order?

Some G20 nations hope the weekend summit on financial reform will be a modern Bretton Woods, but can it make big decisions without Barack Obama? By Stephen Foley in New York

For the Prime Minister, Gordon Brown, it is a “new Bretton Woods”, as important as the 1944 convention that established the modern financial world order. For Nicolas Sarkozy, President of France, it is a once-in-a-lifetime chance to remake the global financial architecture and usher in an era of “regulated capitalism”. But beware the headlines that these leaders try to manufacture when they assemble for their credit crisis summit in Washington this weekend. Read more

Italy Min: US, Russia, Europe Should Build “New Security Order”

ROME (AFP)–U.S. President-elect Barack Obama should work with Russia and Europe to build a “new world security order” in which a missile shield would have no place, Italian Foreign Minister Franco Frattini said Wednesday. Read more

Secret Plan For IMF World Dictatorship G-20 Summit In DC On 11-15-8

This is a confidential strategy paper for the November 15 G-20 summit in Washington DC. This is not a new Bretton Woods in any sense, but rather a British-steered attempt to impose the dictatorship of the International Monetary Fund (IMF) on the entire planet, wiping out all hope of economic recovery, the modernization of the developing countries, and national sovereignty at the same time. Read more

UK’s Brown: Now is the time to build global society

LONDON (Reuters) - The international financial crisis has given world leaders a unique opportunity to create a truly global society, Britain’s Prime Minister Gordon Brown will say in a keynote foreign policy speech on Monday. Read more

The first barons of banking

Among the captains of industry, spin doctors and financial advisers accompanying British prime minister Gordon Brown on his fund-raising visit to the Gulf this week, one name was surprisingly absent. This may have had something to do with the fact that the tour kicked off in Saudi Arabia. But by the time the group reached Qatar, Baron David de Rothschild was there, too, and he was also in Dubai and Abu Dhabi. Read more

Largest African Free Trade area to become reality

Historic agreement could herald start of an economic revolution

26 African countries have signed an agreement in Uganda that aims to create Africa’s largest free trade area within the next six months.

The plan aims to merge the Common Market for Eastern and Southern Africa (Comesa), the East African Community (EAC) and the Southern African Development Community (Sadc) into one regional economic market.

Local reports said the merger would create a free trade area comprising over 527 million people and a combined GDP of $624 billion. Read more

European Union: Barack Obama ‘will bring new era of international co-operation’

The European Union has hailed Barack Obama’s sweeping presidential election victory as a “turning point” for the entire world and the dawning of a new era of international co-operation.

José Manuel Barroso, the European Commission President, expressed hopes that the incoming Democrat President Elect will reverse the policy of George W Bush by uniting with the EU to fight global warming. Read more

Video | The Complete Idiot’s Guide to the NWO

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