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For more insights on the just-closed G20, we cross-over to Singapore, where David Cohen, the economist from Action Economics, is now standing on the line.
1 There is a sense of disunity at this summit compared to previous G20 meetings. In the past 3 summits, world leaders came together to head off the global recession, but the language suggest very different ideas this time, why?
2 The deficit target was not something the US wanted but went along with anyway. Is this something of concern to Asian economies who remain heavily dependent on global growth?
3 A proposed 2012 deadline for new bank capital ratios has also been delayed. This must be seen as setback at efforts to prevent the kind of banking shocks that were a big factor for the current slowdown?
4 Emerging economies did not get the greater IMF voting power they were hoping for at this G20 meeting, what are the obstacles and how big are they?
5 Much has been made about the Yuan not being in the final G20 statement, but what does Yuan flexbility really translate to in terms of jobs and growth for Asia?