IHS Chemical Week

People & Business :: Corporate Social Responsibility

G20 Summit: Did the New World Order Forget the Chemical Industry?

4:59 AM MDT | April 3, 2009 | Alex Scott

Leaders of 20 of the world’s largest economies, meeting in London yesterday, agreed on a set of rules designed to prevent a recurrence of the current bank-driven economic downturn. They also pledged a combined $1-trillion package to haul back the global economy from recession. China has agreed to stump up $40 billion as part of the deal. The leaders agreed on global-level quantitative easing, otherwise known as 'printing money,' to free up the wheels of lending. On the summit: World leaders failed to invest in sustainable manufacture.  ...

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