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Related to G-20: WTO, G-7, G-8
G-20Group of 20 (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, México, Russia, Saudi Arabia, South Africa, Korea, Turkey, the United Kingdom, United States and European Union)
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In embracing an expanded set of policy tools to boost growth, there is one that the G-20 explicitly ruled out: competitive currency devaluation.
The G-20 summit in Antalya also saw the topic of women at the top of the agenda; first lady Emine Erdoy-an addressed attendees, speaking about the refugee crisis and noting, "When the international world failed to find solutions, they [the refugees] began to find their own solutions." The speech also noted the EU closing itself off does not reduce political and economic problems from abroad, but rather increases them.
G-20 members should expedite efforts to deliver on their commitments to boost productivity and eliminate structural bottlenecks to investment, competition, trade, and jobs.
For example, governments can govern via international treaties, by creating international organizations, and by using summit processes, such as the G-20.
The initiative coincides with a social media campaign, organized by Transparency International, to send more than two million tweets to the G-20 leaders for its Unmask the Corrupt Campaign.
In September 2014, G-20 agreed to a Global Infrastructure Initiative to increase quality investment, particularly in infrastructure.
* Increasing investment in infrastructure: Australia is emphasizing infrastructure, the first time it has been featured as a key part of the G-20 agenda.
Putin said he met one-on-one with Obama on the sidelines of the G-20 summit and agreed Russian Foreign Minister Sergey Lavrov and U.S.
"Dollar-buying and yen-selling based on the G-20 position took a breather," Yuzo Sakai, manager of foreign exchange business promotion at Tokyo Forex & Ueda Harlow, said, adding fresh cues are needed to push the dollar to top the 100 yen line.
"Weak recovery of the global economy and persistent high levels of unemployment are continuing to test the political resolve of G-20 governments to resist trade protectionism.