Knowledge (XXG)

2010 G20 Seoul summit

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Despite public endorsements by attending leaders, most commentators looking back on the summit have argued that only limited progress was made, especially on the headline issue of currency war and addressing trade imbalances. Leaders were generally unable to agree on key issues, with commentators
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September 29, 2009, retrieved 2011-04-07; excerpt, "Today, we designated the G-20 as the premier forum for our international economic cooperation. We have asked our representatives to report back at the next meeting with recommendations on how to maximize the effectiveness of our cooperation. We
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The G20 raised security concerns unrelated to demonstrators protesting the presence of the leaders of 20 economies in Seoul. For example, some analysts projected that anything perceived as a success for South Korea would be simultaneously construed in
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Demonstrators converged on downtown Seoul in protest against the G20 leaders' summit. The labor rally took place in Seoul City Plaza near city hall — November 7, 2010
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agreed to have a G-20 Summit in Canada in June 2010, and in Korea in November 2010. We expect to meet annually thereafter, and will meet in France in 2011.
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In preparation, anti-terrorism drills were held by members of the South Korean police, military, special forces and private sector as part of the 2010
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led the security detail for the summit, both at the convention venue and the airport as well. Other police and security agencies involved were:
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The participants of the Seoul summit included the leaders and representatives of core members of the G20, which comprises 19 countries and the
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were going to be used as the main venue. However, delayed construction of the islands led for the main summit venue to relocate to
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exercises against simulated hostage situations and chemical, biological and radiological attacks as a preparation for the summit.
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the world economy, agreement had been reached to work on indicative guidelines which will set suggested maximum limits for
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which it supersedes, the Seoul Consensus is less free market–orientated, allowing a larger role for state intervention.
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surpluses and deficits, though these are not due to be fleshed out until 2011. G20 leaders also agreed to endorse the
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This was the first G20 summit for Australia's Prime Minister Gillard, who had only been elected shortly before the
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Transportation around the summit venue was upgraded with electric buses to help media and others around the city.
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Security for the G20 summit presented a unique array of problems. In addition to the security of the main venue,
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Plans for accommodating peaceful protesters were paired with plans for mitigating disruptive demonstrations.
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The G20 is the premier forum for discussing, planning, and monitoring international economic cooperation.
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The summit logo incorporated two images: the sun rising over the sea and a traditional Korean lantern (
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Invitations to the G20 Seoul Summit Issued to Non-G20 Member Countries and International Organisations
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This was the first summit at which there were four women among the leaders. In addition to President
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A squad of riot police in front of the Korea Press Center in downtown Seoul — November 7, 2010
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noting the absence of the sense of unity that had been present at summits during the worse of the
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and traveled to the summit venue via motorcades along the highway from the airport.
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were tasked to draft a closing statement for the summit. The debate over currency
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The summit leaders addressed several mid- and long-term policy issues, including
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By Christian Oliver, Chris Giles and Alan Beattie in Seoul (November 12, 2010).
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Boschat, Nathalie. "ET EU Barroso: G-20 Needs To Tackle Imbalances Decisively,"
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said this particular summit was "more of a G20 debate than a G20 conclusion".
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Chris Giles, Alan Beattie and Christian Oliver in Seoul (November 12, 2010).
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Chris Giles, Alan Beattie and Christian Oliver in Seoul (November 12, 2010).
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American President Obama and Turkish Prime Minister Erdoğan in conversation.
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Supplementary annex doc G20 issued for the Seoul Development Consensus
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Lead-up to the G20: Korea as Convener and Innovation Economy-Podcast
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Oliver, Christian. "Seoul: S Korea looks forward to its own party,"
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to listen and to make his voice heard at the G20 leaders' meetings.
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Il SaKong, Amar Bhattacharya, Mahani Zainal Abidin, Marcus Noland.
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Phillip Inman and Patrick Wintour in Seoul (November 12, 2010).
2370:"G-20's Poverty Reduction Agenda" (박희태 "인류 빈곤해소가 서울 G20회의 핵심 의제) 394: 3526:
List of banks acquired or bankrupted during the Great Recession
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Yonhap News Agency. November 11, 2010; retrieved Nov 11, 2010.
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Representatives met in advance of the leaders' summit. These
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Framework for strong, sustainable, and balanced global growth
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The theme of the summit was "Shared Growth Beyond Crisis".
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Xinhua (China). November 10, 2010; retrieved Nov 11, 2010.
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Dodd–Frank Wall Street Reform and Consumer Protection Act
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Xinhua (China). November 10, 2010; retrieved Nov 10, 2010
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Yonhap News Agency. July 20, 2010; retrieved Mar 5, 2011.
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Reuters (UK). November 10, 2010; retrieved Nov 11, 2010.
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Reuters (UK). November 11, 2010; retrieved Nov 11, 2010.
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Brookings (US). March 27, 2009; retrieved Nov 10, 2010;
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Andrew Walker and other BBC staff (November 12, 2010).
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Most world leaders and international media arrived via
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National fiscal policy response to the Great Recession
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Reuters (UK). November 9, 2010; retrieved Nov 9, 2010.
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G20 Summit on Financial Markets and the World Economy
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focussing on the G20s role in the post-crises world
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Graphic: G20 is not simply the 20 largest economies
2345:"Malawi President Arrives in Seoul For G20 Summit," 2223:. Government of Canada. May 8, 2010. Archived from 459:The South Korean government declined to invite the 272:and imbalances was reported to have been "heated". 199:heads of government/heads of state, to discuss the 167: 157: 147: 75: 60: 52: 44: 30: 3622:(Europe, Middle East and North Africa, Asia; 2009) 2500:"Deep Fractures Damage Hopes of G20 Breakthrough," 2460:"Global Leaders Arriving in Seoul for G20 Summit," 2244: 2242: 1997:"SBY to Head to G-20 Summit in Seoul on Thursday," 1986:(India). November 10, 2010; retrieved Nov 10, 2010 1939:(Canada). November 9, 2010; retrieved Nov 9, 2010. 1911:"G20 Struggles to Find Common Ground on Disputes," 528:Host nation and leader are indicated in bold text. 413:recorded a song titled "Let's Go" for the summit. 2566:(Hong Kong). July 7, 2010; retrieved Nov 10, 2010 2406:(ROK). November 11, 2010; retrieved Nov 11, 2010. 2383:(ROK). 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July 8, 2010; retrieved Nov 10, 2010. 2031:"Calderón llega a Seúl para Cumbre de G20," 3531: 3488:Fraud Enforcement and Recovery Act of 2009 3427: 3412:Term Asset-Backed Securities Loan Facility 3357: 3126: 3112: 3104: 2933: 2919: 2911: 2578:"G20 to tackle US-China currency concerns" 2528:November 11, 2010; retrieved Nov 11, 2010. 2512:November 10, 2010; retrieved Nov 11, 2010. 2449:November 11, 2010; retrieved Nov 11, 2010. 2302: 2300: 183:World leaders at the 2010 G20 Seoul summit 36: 27: 3668:Effects of the Great Recession on museums 3498:Housing and Economic Recovery Act of 2008 3382:China–Japan–South Korea trilateral summit 1854:"President CFK travels to Seoul for G20," 1829:"Swan to take International Stage at G20" 1685: 1683: 1670: 1668: 1666: 1664: 3362:Government policy and spending responses 3328:Government National Mortgage Association 2601: 2599: 2365: 2363: 1905: 1903: 1901: 1899: 1897: 1895: 519: 19:For broader coverage of this topic, see 3723: 3422:2008 United Kingdom bank rescue package 2672:"G20 fails to reach deal on imbalances" 2538:"South Korea stages anti-terror drill," 2201: 2199: 1554: 502:, accompanied her nation's delegation. 313:COEX Convention & Exhibition Center 65:COEX Convention & Exhibition Center 2838:from the original on November 15, 2010 2805:from the original on November 15, 2010 2774:from the original on November 20, 2010 2736:"U.S. Gets Rebuffed At Divided Summit" 2715:from the original on November 15, 2010 2684:from the original on November 13, 2010 2651:from the original on November 12, 2010 2639:Gabriel Elizondo (November 11, 2010). 2620:from the original on November 14, 2010 2608:"G20 shuns US on trade and currencies" 2584:from the original on November 16, 2010 2166:Chan, Sewell and Sheryl Gay Stolberg. 1773: 1771: 215:nation to host a G20 leaders' summit. 3781:Diplomatic conferences in South Korea 3407:Temporary Liquidity Guarantee Program 3377:Banking (Special Provisions) Act 2008 3298:Federal Deposit Insurance Corporation 2641:"Currency 'wars' dominate G20 summit" 2262:from the original on October 13, 2012 2099:"Zuma Arrives in Seoul Ahead of G20," 1831:. Sydney Morning Herald (Australia). 888:Saud bin Faisal bin Abdulaziz Al Saud 7: 3293:Consumer Financial Protection Bureau 2795:"G-20's Host Pushes Seoul Consensus" 2394:"G20 to Beef Up Vigilance on Banks," 2143:Inman, Phillip and Patrick Wintour. 1566:"Seoul unveils G20 summit's symbol," 1509:global financial crisis of 2007–2009 1463:National Emergency Management Agency 247:international financial institutions 3796:November 2010 events in South Korea 3583:Collateralized mortgage obligations 2417:"G-20 leaders start Seoul session," 2793:Evan ramstad (November 17, 2010). 2734:Evan ramstad (November 19, 2010). 1827:O'Malley, Sandra (June 26, 2010). 1757:"core" members (G20 official site) 326:provided security for the venues. 282:2010 G20 Seoul summit preparations 14: 3678:2007–2008 world food price crisis 3478:Chinese economic stimulus program 3463:2008 European Union stimulus plan 3387:Commercial Paper Funding Facility 2561:"Seoul wary of success backlash," 1877:"Seoul Honours Fraulein Gillard," 1835:from the original on June 9, 2012 1304:International Labour Organization 233:Ensuring global economic recovery 3738: 3726: 3706:List of countries by public debt 3333:National Asset Management Agency 2077:"Saud Heads Kingdom’s G20 Team," 1708:Kaiser, Emily and David Chance. 1600:Parliament (UK): Townsend, Ian. 1370: 1193: 1167: 1141: 1115: 1089: 1028: 1004: 980: 954: 922: 898: 874: 848: 822: 798: 772: 746: 722: 698: 674: 648: 622: 596: 572: 546: 324:Seoul Metropolitan Police Agency 239:Strengthening the international 3661:2008 Central Asia energy crisis 3578:Collateralized debt obligations 3468:2008–2009 Keynesian resurgence 3313:Federal Housing Finance Agency 3308:Federal Housing Administration 3062:2020 extraordinary on COVID-19 2258:. macleans.ca. June 25, 2010. 560:Cristina Fernández de Kirchner 472:Cristina Fernández de Kirchner 320:Republic of Korea Armed Forces 1: 3483:Economic Stimulus Act of 2008 3417:Troubled Asset Relief Program 3343:Office of Financial Stability 3318:Federal Housing Finance Board 3252:Société Générale trading loss 2308:"G20 to Promote Cooperation ( 2282:"PM heads to Seoul for G-20," 1453:National Intelligence Service 1448:Presidential Security Service 494:, and the president-elect of 423:Incheon International Airport 3402:Irish emergency budget, 2009 1499:as a threat to North Korea. 1458:Ministry of National Defense 1181:José Luis Rodríguez Zapatero 251:Global financial safety nets 1528:Seoul Development Consensus 1321:International Monetary Fund 1219:International organisations 241:financial regulatory system 3812: 3701:2007–2008 financial crisis 3593:Mortgage-backed securities 3204:Automotive industry crisis 2505:November 13, 2010, at the 2485:November 11, 2010, at the 2465:November 13, 2010, at the 2317:November 12, 2010, at the 2287:November 11, 2010, at the 2127:November 29, 2010, at the 2104:November 12, 2010, at the 2082:November 11, 2010, at the 2059:November 10, 2010, at the 2002:November 13, 2010, at the 1882:November 13, 2010, at the 1696:November 15, 2010, at the 1691:New agenda and initiatives 1651:September 5, 2010, at the 279: 18: 3691: 3598:Secondary mortgage market 3519:rescues, and acquisitions 3517:Government interventions, 3508:Zero interest-rate policy 3356: 3219:Housing market correction 1932:October 20, 2012, at the 1607:November 7, 2010, at the 1287:Financial Stability Forum 1256: 1254: 1224: 1217: 1076: 1069: 1026: 610:Luiz Inácio Lula da Silva 533: 522: 35: 3771:2010 in economic history 3616:(United States; c. 2009) 3348:UK Financial Investments 3233:Banking losses and fraud 3224:Subprime mortgage crisis 3209:California budget crisis 2865:G-20 website of the OECD 2543:August 23, 2012, at the 1816:(UK). November 10, 2010. 1518:Relating to the need to 1511:. IMF managing director 1415:World Trade Organization 760:Susilo Bambang Yudhoyono 409:, and Anna, credited as 3634:(worldwide; 2011–2012) 3573:Auction rate securities 3303:Federal Home Loan Banks 2799:The Wall Street Journal 2740:The Wall Street Journal 2442:March 23, 2016, at the 2422:March 26, 2012, at the 2399:March 23, 2016, at the 2310:Đẩy mạnh hợp tác G20)," 2173:March 14, 2017, at the 1954:April 22, 2014, at the 1784:March 23, 2016, at the 1728:March 23, 2016, at the 1571:March 23, 2016, at the 333:artists, consisting of 201:global financial system 152:2010 G20 Toronto summit 3323:Federal Reserve System 3197:United States-specific 2904:June 21, 2012, at the 2860:G20 Information Centre 2376:March 5, 2012, at the 2350:June 20, 2012, at the 2150:April 4, 2017, at the 2036:July 22, 2011, at the 1859:April 7, 2014, at the 1809:April 4, 2017, at the 1762:June 18, 2010, at the 1631:July 22, 2011, at the 1513:Dominique Strauss-Kahn 1486:Ulchi-Freedom Guardian 1481: 1473: 1441:National Police Agency 1326:Dominique Strauss-Kahn 441: 295:Originally, three new 207:, which took place in 184: 162:2011 G20 Cannes summit 107:Invited organizations: 3673:Decline of newspapers 3620:2009 May Day protests 3566:and financial markets 3456:Stimulus and recovery 3009:2013 Saint Petersburg 2763:(November 17, 2010). 1887:Sydney Morning Herald 1751:June 3, 2010, at the 1479: 1471: 439: 189:2010 G20 Seoul Summit 182: 3696:European debt crisis 3588:Credit default swaps 3564:Securities involved 3370:stability and reform 2526:Wall Street Journal. 2191:Wall Street Journal. 2075:Ghazanfar Ali Khan. 2064:Korea JoongAng Daily 1591:(UK). June 25, 2010. 1532:Washington Consensus 968:Recep Tayyip Erdoğan 56:November 11–12, 2010 3776:2010 in South Korea 3656:2000s energy crisis 3368:Banking and finance 3286:Government entities 2880:2010 Seoul G20 Tour 2831:The Financial Times 2761:Mohamed A. El-Erian 2677:The Financial Times 2613:The Financial Times 1875:Grattan, Michelle. 1864:Buenos Aires Herald 1042:José Manuel Barroso 1037:European Commission 454:European Commission 3638:Occupy Wall Street 3614:Tea Party protests 3272:Scott W. Rothstein 2521:Mallard, William. 2381:Asia Economy Daily 2193:November 11. 2010. 1825:O'Malley, Sandra. 1689:G20 Seoul summit, 1674:G20 Seoul summit, 1656:East-West Dialogue 1503:such as economist 1482: 1474: 1364:Secretary-General 1330:Managing Director 1244:Bingu wa Mutharika 1129:Bingu wa Mutharika 442: 297:artificial islands 254:Development issues 185: 3714: 3713: 3683:Retail apocalypse 3628:(MENA; 2010–2012) 3559: 3558: 3555: 3554: 3451: 3450: 3431:Bank stress tests 3101: 3100: 3039:2018 Buenos Aires 1428: 1427: 1424:Director-General 1389:Secretary General 1360:José Ángel Gurría 1268:Secretary General 1059:Herman Van Rompuy 892:Foreign Minister 786:Silvio Berlusconi 529: 478:, Prime Minister 177: 176: 3803: 3766:2010 conferences 3743: 3742: 3741: 3731: 3730: 3722: 3607:Social responses 3532: 3428: 3358: 3128: 3121: 3114: 3105: 2935: 2928: 2921: 2912: 2875:Official website 2848: 2847: 2845: 2843: 2821: 2815: 2814: 2812: 2810: 2790: 2784: 2783: 2781: 2779: 2757: 2751: 2750: 2748: 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BBC. 1202:Vietnam 682:France 534:Member 492:Germany 359:Sungmin 339:Seohyun 266:sherpas 195:of the 168:Website 148:Follows 103:Vietnam 3176:Europe 3149:Africa 3094:(19th) 3086:(18th) 3080:(17th) 3074:(16th) 3068:(15th) 3047:(14th) 3041:(13th) 3035:(12th) 3029:(11th) 3023:(10th) 1676:Agenda 1231:Title 1124:Malawi 1083:Title 1077:State 963:Turkey 857:Russia 831:Mexico 806:Japan 730:India 631:Canada 605:Brazil 540:Title 496:Brazil 391:Bumkey 379:Gayoon 371:Ji Eun 343:Jun. K 335:Gyu-ri 225:Agenda 136:, UN, 120:, 3G, 91:Malawi 3055:2020s 3017:(9th) 3011:(8th) 3005:(7th) 2999:(6th) 2993:(5th) 2987:(4th) 2978:2010s 2970:(3rd) 2964:(2nd) 2958:(1st) 2949:2000s 2333:ASEAN 1338:NEPAD 1313:Head 1258:ASEAN 1176:Spain 781:Italy 657:China 305:Banpo 209:Seoul 130:NEPAD 110:ASEAN 99:Spain 69:Seoul 3443:U.S. 3171:Asia 2844:2010 2811:2010 2780:2010 2747:2010 2721:2010 2690:2010 2657:2010 2626:2010 2590:2010 2268:2012 2233:2012 1841:2010 1437:COEX 1355:OECD 395:G.NA 367:Luna 363:Kahi 322:and 318:The 307:and 187:The 134:OECD 53:Date 513:of 490:of 482:of 474:of 387:G.O 383:Min 292:). 197:G20 142:WTO 138:WBG 126:IMF 122:ILO 118:FSB 80:G20 21:G20 3757:: 3438:EU 3064:/ 2834:. 2828:. 2801:. 2797:. 2767:. 2738:. 2707:. 2680:. 2674:. 2647:. 2643:. 2616:. 2610:. 2598:^ 2372:, 2362:^ 2299:^ 2252:. 2241:^ 2212:^ 2198:^ 1894:^ 1770:^ 1682:^ 1663:^ 1557:^ 498:, 407:IU 405:, 401:, 397:, 393:, 389:, 385:, 381:, 377:, 373:, 369:, 365:, 361:, 357:, 353:, 349:, 345:, 341:, 337:, 315:. 213:G8 140:, 132:, 128:, 124:, 116:, 114:AU 112:, 101:, 97:, 93:, 89:, 67:, 3721:: 3127:e 3120:t 3113:v 2934:e 2927:t 2920:v 2846:. 2813:. 2782:. 2749:. 2723:. 2692:. 2659:. 2628:. 2592:. 2270:. 2235:. 1843:. 23:.

Index

G20

COEX Convention & Exhibition Center
Seoul
G20
Ethiopia
Malawi
Singapore
Spain
Vietnam
ASEAN
AU
FSB
ILO
IMF
NEPAD
OECD
WBG
WTO
2010 G20 Toronto summit
2011 G20 Cannes summit
seoulsummit.kr

fifth meeting
G20
global financial system
world economy
Seoul
G8
financial regulatory system

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