Sunday, April 5, 2009

G-20 Summit changing clout of India and China


Click on the picture to enlarge.
G-20 Summit changing clout of India and China.

Frusty's Law: Beggars become choosers. It was not long ago that India and China were directed by the developed world on how to open up their markets and grow. Now the roles have reversed in the recently concluded G-20 summit it is India and China who are asking the Biggies not to revert back to old protectionist view.

The story in words for those who cannot see the picture:

Till a couple of years back the developed countries were ruling the world economy. The tables have turned and these days, the BRIC nations are calling the shots in terms of defining the policies for the world.

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