The G-20 meeting in Seoul took place November 10-11, 2010, at a time of a serious economic and financial crisis. This crisis continues to take its toll on people in many countries around the world. The heads of state of the 20 nations which make up the G20 met to determine the economic policies they want to direct the world economy.

Just a little more than one year ago, from June 26-30, 2009, the United Nations (UN) sponsored a different form of meeting. Some called the UN meeting, which was formally titled the “Conference on the World Financial and Economic Crisis and its Impact on Development,” the first meeting of the G192.(1) At the UN meeting the heads of state or other government representatives of the 192 nations that are members of the UN were able to contribute their voice and their vote to a discussion of the causes… weiter lesen

Describing the need for a new financial grouping to challenge the G8 and G20, John Hiliary, in an article in the Guardian (UK) writes, “It is not just that they [G8 and G20] are exclusive, invitation-only forums where deals are drawn up behind closed doors. It is the fact that both the G8 and G20 have championed the same free-market fundamentalism that served the interests of their corporate backers but brought the world economy to the brink of collapse. It is the tune that needs changing, not just the band.” (1)

Such a new economic grouping, which some have called the G192, recently held its first meeting at the United Nations in New York. The meeting, which took place from June 25 – June 30 was officially titled “Conference on the World Financial and Economic Crisis and its Impact on Development.” (2)

Referred to as the G192 because it includes… weiter lesen