Word: summiteer
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Dates: during 2000-2009
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...years, as the global political landscape has shifted beneath our feet, the emerging economies have found a voice, and American hegemony has receded into a form of influential leadership rather than outright dominance. Decision-making at the global level has been relatively non-existent. Although yesterday’s summit registered no seismic shift toward solidarity and probably nowhere near the number of institutional reforms needed to solve long-term problems, it at least made a strong tremor of cooperation on the geopolitical Richter scale...
...establish, mainly due to the growing influence of the BRIC countries (Brazil, Russia, India, and China), which are starting to throw a little weight around (though substantially less in Russia’s case). The heydays of the Group of 8 are over, and almost everything proposed at the summit had to get past the emerging economies. Case in point: When Sarkozy proposed a global crackdown on tax-heavens, it was Chinese, not American, opposition that cut down the proposal substantially so it could protect financial centers in Hong Kong and Macao...
...have no doubt that Paul Krugman or Joseph Stiglitz will sober up my analysis of the summit in the next few days. But, for now, I’m chalking up this one as a small win and my “animal spirits,” to quote John Maynard Keynes, are high. A little more confidence in collaboration is a nice thing to have, and confidence, after all, is what recovery is made...
...remedy the structural and regulatory problems that led to the crisis. Merkel and Sarkozy expressed fears at their joint appearance that there will be insufficient commitment to regulating the financial markets and to clamping down on tax havens. A list of such havens could be published at the summit "or in a couple of days," said Sarkozy yesterday, but further delay would be unacceptable. British officials say they support publication of such a list. The point of disagreement is on timing, but there's optimism this rift can easily been overcome...
...before being lined up for the obligatory family snap and then sitting down for business. They have 2 hours and 40 minutes before lunch and one hour after lunch to finalize their plans. Because many of the chief participants need to depart London this evening for tomorrow's NATO summit in France the possibility of talks going into the night are slim...