Published on Thu, Jun 07, 2007 at 08:10 | Source : Moneycontrol.com
Updated at Thu, Jun 07, 2007 at 15:11
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
`Emerging' economies to the fore again
The Prime Minister, Dr Manmohan Singh, flew into Germany this afternoon ahead of his meeting on Friday with leaders of the G8, the informal group of eight industrialised nations that are holding their annual get together at Heiligendamm, a small resort town on the shores of the Baltic.
The Prime Minister, Dr Manmohan Singh, flew into Germany this afternoon ahead of his meeting on Friday with leaders of the G8, the informal group of eight industrialised nations that are holding their annual get together at Heiligendamm, a small resort town on the shores of the Baltic.
It is the third year in a row that India and four other so-called `emerging' economies have been invited to exchange views on global issues. They may not like the appellation: China for one believes it had `emerged' quite some time ago. Their rapid pace of growth in recent years is clearly what has earned them the invitation to the portals of the once-exclusive club.
Before they get to meet the G8 at Heiligendamm, leaders of the five outreach countries will have a chance to discuss informally the issues among them on Thursday when Dr Singh is scheduled to meet separately the Chinese President, Mr Hu Jintao, and the President of Mexico, Mr Felipe Calderon.
At the top of the G8 agenda is the issue of how to address the threat of climate change. The German Chancellor and summit host, Ms Angela Merkel, has been trying hard in recent weeks to harmonise widely differing perspectives of the G8 countries on what ought to be done to reduce emissions. But whether those differences are narrowed or not, there will be hints, if not pressure, on the five emerging economies to ease up on the emissions.
row that India and four other so-called `emerging' economies have been invited to exchange views on global issues. They may not like the appellation: China for one believes it had `emerged' quite some time ago. Their rapid pace of growth in recent years is clearly what has earned them the invitation to the portals of the once-exclusive club. 
