The author is reading way too much in a meeting like this one.
The meeting has been initiated by South Korea. What for? Korea, which traditionally adopts a riskier, high growth strategy and China and Japan, has been in a crisis in recent months, seeging the deep drop in the Korean Won and its currency reserve. The urgent objective of this meeting is really a call for help from South Korea's two bigger neighbors.
At a time of financial nuclear winter, it is natural for neighbors to get closer to draw some mutual support, and share some notes about their biggest common concern, their biggest common customer and common debtor, USA.
All three company is seeking very pragmatic things: world economic stability, increased voting power conssitiant with their rising economic contributions, but NOT a new world order.
Main U.S. Creditors Rub Shoulders [View article]
The meeting has been initiated by South Korea. What for? Korea, which traditionally adopts a riskier, high growth strategy and China and Japan, has been in a crisis in recent months, seeging the deep drop in the Korean Won and its currency reserve. The urgent objective of this meeting is really a call for help from South Korea's two bigger neighbors.
At a time of financial nuclear winter, it is natural for neighbors to get closer to draw some mutual support, and share some notes about their biggest common concern, their biggest common customer and common debtor, USA.
All three company is seeking very pragmatic things: world economic stability, increased voting power conssitiant with their rising economic contributions, but NOT a new world order.