2.+G20+Conference


 * Rough Draft**

Comprised of the financial ministers and central bank governors of 20 economies (19 countries and the European union), the Group of Twenty is one of the most powerful and influential organizations in the modern world. Primarily concerned with the promotion of international financial stability through studies and reviews of pertinent policy issues, the G20 has held biannual summits for cooperation and consultation on matters pertaining to the international financial system. The first of these summits was held in November of 2008 in Washington, D.C. This year, the November 2010 summit will be Seoul, hosted by the current chair country, South Korea.

The G20 Summit was initially proposed in response to the financial crises of the late 1990’s as well as the growing recognition of the imbalance in representation of emerging-market countries in global economic discussion and governance. The Summit was conceived as a solution to breach this gap, bringing together systematically important economies (based on geography, demographics, and level of industrialization) to discuss key issues in the creation or continuation of a stable world economy. Since the first summit, the major issues discussed have varied, but have remained largely true to the theme of ‘Building and Sustaining Prosperity’- this years’ being ‘the G2-’s Role in the Post-Crisis World’.

This year’s host and chair, South Korea has stated that they would “double its efforts in 2010 to help the world make a successful transition from global recovery to stronger, more sustainable and balanced growth”. Though an official Summit declaration has yet to be published, we can be sure that recent events such as the Copenhagen Climate Conference will bring the topic of global energy and resource markets to the forefront of the discussion. With the demographic changes that accompany an aging population becoming more pronounced each year (and of particular relevance in South Korea), the necessary reforms that will be required to mantain steady national and international economies will also prove significant. Of course, these are not the only issues on the agenda. Summit leaders are prepared to examine several policy issues including (but not limited to): ensuring global economic recovery; strengthening the international financial regulatory system; and creating global financial safety nets.

Aside from the unmistakable importance of this meeting, in terms of the progress that could be made towards a more prosperous and secure future for all economies, the 2010 Seoul G20 Summit holds weighty implications for the future of international politics. South Korea is the first non-G8 country to host a G20 Leaders Summit. For an organization that has been questioned by critics, who call attention to its lack of a charter and the apparent exclusivity of its membership, this conference could mark the beginning of more egalitarian representation in global consortia of the world-changing caliber.

(sorry, it's about 65 words over the limit ^^;;) (quote from http://www.g20.org/index.aspx wasnt sure how to cite. MLA??)


 * 1st Revision**
 * (Needs title and the reporter's name and school)**

Comprised of the financial ministers and central bank governors of twenty economies (nineteen countries and the European union), the Group of Twenty is one of the most powerful and influential organizations in the modern world. Primarily concerned with the promotion of international financial stability through studies and reviews of pertinent policy issues, the G20 has held biannual summits for cooperation and consultation on matters pertaining to the international financial system. The first of these summits was held in November of 2008 in Washington, D.C. This year’s summit will be held in November in Seoul, South Korea, for it’s the home country of the current chair.  The G20 Summit was initially proposed in response to the financial crises of the late 1990’s as well as the growing recognition of the imbalance in representation of emerging-market countries in global economic discussion and governance. The Summit was conceived as a solution to breach this gap, bringing together systematically important economies (based on geography, demographics, and level of industrialization) to discuss key issues in the creation or continuation of a stable world economy. Since the first summit, major issues discussed have varied, but have remained largely true to the theme of ‘Building and Sustaining Prosperity’- this years’ being ‘the G2-’s Role in the Post-Crisis World’.

This year’s host and chair has stated that they would “double its efforts in 2010 to help the world make a successful transition from global recovery to stronger, more sustainable and balanced growth”. Though an official Summit declaration has yet to be published, we can be sure that recent events such as the Copenhagen Climate Conference will bring the topic of global energy and resource markets to the forefront of the discussion. With the demographic changes that accompany an aging population becoming more pronounced each year (and of particular relevance in South Korea), the necessary reforms that will be required to maintain steady national and international economies will also prove significant. Of course, these are not the only issues on the agenda. Summit leaders are prepared to examine several policy issues including, but not limited to: ensuring global economic recovery; strengthening the international financial regulatory system; and creating global financial safety nets.

Aside from the unmistakable importance of this meeting, in terms of the progress that could be made towards a more prosperous and secure future for all economies, the 2010 Seoul G20 Summit holds weighty implications for the future of international politics. Also, South Korea is the first non-G8 country to host a G20 Leaders Summit. For an organization that has been questioned by critics, who call attention to its lack of a charter and the apparent exclusivity of its membership, this conference could mark the beginning of more egalitarian representation in global consortia of the world-changing caliber.

**2nd Revision**

**Final**