Archive for the ‘developing nations’ Category

Global Economic Meltdown Gives Developing Nations Upper Hand: U.S. and NATO Eclipsed?

October 12, 2008

“In a very bizarre way, roles have been reversed in the global economy. The typical troublemakers of the global economy, the emerging markets, are actually now the world’s creditors…”

By David R. Sands
The Washington Times

As shell-shocked central bankers and finance ministers gather in Washington to confront the world’s financial meltdown this weekend, that grinding noise in the background is the sound of the global balance of power shifting.

In sharp contrast to past crises — from the Latin American debt problems of the 1980s to the Asian and Russian currency collapses of the 1990s — the emerging markets of the developing world boast the strong balance sheets and deep financial pockets while the United States and Western Europe lurch from crisis to crisis.

Read the rest:
http://www.washingtontimes.com/news/2008/oct/
12/financial-crisis-reshapes-world-order/

 

 

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China wants to freeze emissions at 2005 levels: Wen

November 21, 2007

SINGAPORE (AFP) – China will seek to increase cooperation with Asian nations on climate change and will try to freeze its key pollution emissions at 2005 levels, Prime Minister Wen Jiabao said Wednesday.

Wen said he would propose an international climate change forum in China next year to improve the region’s ability to address global warming.
Photo
A man pedals a cart filled with coal briquettes in
western China’s Shaanxi province.
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“China in the next five years will be determined to reduce energy consumption by 20 percent (per unit of GDP) to reduce carbon emissions and will strive to keep carbon emissions at 2005 levels,” Wen told journalists.

Read the rest:
http://news.yahoo.com/s/afp/20071121/sc_afp/
aseansummiteasiachinaenvironmentclimate_071121152357