The G-20 summit held at London with the U.S. and Britain at the helm of affairs has obviously resolved to put the derailed globalisation back on the track. It is bizarre that the so-called corrective measures pertaining to the economy of over 190 nations in the world should be decided by a small group of 20 nations – which always look through the prism of profiteering at the cost of others’ agony. It was seen in the past few years that the removal of protectionism had only favoured the powerful nations, whereas the economic slowdown triggered by the greed of a few has impacted all the nations in the world. What is worse, the Summit did not care to mull over the views of the U.N. Commission headed by Professor Joseph Stiglitz suggesting the inclusive growth.
Syed Sultan Mohiddin
Kadapa, A.P.