"The general principles included in the G-20's declaration include strengthening transparency and accountability in financial systems; enhancing regulation; increasing international cooperation between the countries' financial regulators; and expanding the scope of international financial institutions to include emerging economies.
The G-20 declaration also committed to free-market principles. 'We underscore the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty,' it said."
Saturday, November 15, 2008
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