WHAT the G8 meet failed to reach

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By: himadridave (110 month(s) ago)

concrete and best ppt

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WHAT the G8 meet failed to reach : 

WHAT the G8 meet failed to reach

Slide 5: 

The Group of Eight (G8) Summit is an annual meeting attended by the leaders of the eight countries, namely, Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States of America, and the President of the European Commission. "Summit meeting" in its strict sense means a leaders meeting, but it usually refers to a series of meetings which include those of foreign ministers and finance ministers that are held prior to the leaders' meeting

Slide 6: 

What does the term "G8" stand for? Although there is no formal definition, in general it means the "Group of Eight," due to the fact that the leaders of eight nations take part.

Slide 7: 

How did the G8 Summit start? In the early 1970s, developed countries, faced with problems such as the Nixon Shock (devaluation of the dollar) and the first oil crisis, began to recognize the need for a top-level forum to discuss, in a comprehensive manner, policy coordination for global economic issues such as macro economy, currencies, trade, and energy

Slide 9: 

Ever Rising oil prices . Stabilization of the financial market, Inflation . and Global warming .

G8- incompleteness : 

G8- incompleteness G8 -doesn’t include MAIN GLOBAL repository of OIL Wealth & controller of Oil PRICES-SAUDI ARABIA. CHINA- Trillion $s in foreign exchange reserves Developing nations- INDIA, BRAZIL & CHINA as FULL Members ,as future economic of world , depends “HOW V HANDLE OUR FINANCIAL & ENERGY POLICIES”

WASTEFUL EXPENDITURE : 

WASTEFUL EXPENDITURE An ostentatious EVENT –Rs 2000 cr If same amt spent on – Providing mosquito nets to needy families in AFRICA- 1000s of death avoided on account of MALARIA Pushing forward the campaign against AIDS. JAPANESE skillfully located it in a remote island –TO AVOID EXPLOSION OF MEDIA HYPE- G8 ACCOMPLISED SO LITTLE .

PIPEDREAMS & Cigar's SMOKE : 

PIPEDREAMS & Cigar's SMOKE G8 leaders trying to commit future generations to targets of REDUCTION OF EMISSIONS- RICH COUNTRIES HVNT EVEN AGREED ON ‘ IMMEDIATE SHORT TERM TARGETS’ If developing nations go for it (reducing carbon emission –it has to be the EXPENSE OF THEIR ECONOMIC GROWTH, Careful NEGOTIATON NEEDED )

GESTURE POLITICS : 

GESTURE POLITICS Japanese PM- Mr. YASUO FUKUDA invited 7 AFRICAN leaders to join G8 Noble gesture made with Promise of aid , BUT NO PERFORMANCE

IMPLICATION FOR INDIA : 

IMPLICATION FOR INDIA Apart from GEORGE NUKE DEAL , WE SHOULD HAVE SET OF CREDIBLE POLICIES REGARDING: ENERGY PRICES FINANCIAL SECTOR MANAGEMENT FOOD PRICES TERRORISM

Annexure : 

Annexure Opinionated Article: S. Venkitaramanan – business line , dated july21’08 Where are the global leaders? by – Jeffrey D Sachs- ET

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