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Issue Report

Collection of full-length papers and in-depth analysis of economic and management issues.

The G20 Seoul Summit

The G20 Seoul Summit

LEE Dong-Hun

Nov. 3, 2010

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Originally released on September 15, 2010

The G20 summit, designated as the "premier forum for international economic coordination" with the aim of resolving global economic issues since the financial crisis, will take place in Seoul on November 11-12, 2010. This world event is not just for leaders of the 20 member countries which comprises of the G7 nations (the US, Japan, the UK, France, Germany, Italy and Canada), the EU (represented by the President of the European Council) and key emerging economies including Korea, Australia, Turkey, Mexico, Argentina, Saudi Arabia, Indonesia and South Africa. Alongside them, leaders of five invited nations namely Spain, Vietnam, Malawi, Ethiopia and Singapore will also take part in the summit. Other participants include representatives of intergovernmental organizations such as the United Nations, the International Monetary Fund, the Financial Stability Board, the World Trade Organization, the Organization for Economic Cooperation and Development, and the International Labor Organization. About 100 CEOs from Fortune 250 companies also will show up for the Business Summit which will be jointly held the day before the summit. An estimated 10,000 visitors including government delegates, representatives of civil society and journalists will attend in November, making the Seoul Summit even bigger than the previous summit held in Toronto in June.

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