G-20 Seoul Summit 2010

By Padmini Arhant

The G-20 Summit was held in Seoul, South Korea on November 11 - 12, 2010.

Among many important economic issues, the trade imbalances and currency devaluation had drawn the representatives’ attention.

The two leading economies - U.S. and China expressed concerns over the respective trade surpluses and deficits attributed to currency management.

Likewise, the U.S. Federal Reserve proposal to interject $600 billion for economic revival expected to weaken the U.S. dollar while strengthening exports was met with resistance from competing trade partners such as China, Germany, United Kingdom, Brazil…citing the undue advantages to U.S. in the overseas export market.

It is well known that China has benefited from maintaining renminbi under market value boosting its trade to different nations especially the United States due to MFN and the primary creditor status.

Accordingly, China’s trade surplus would be different when evaluated in real market conditions.

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Padmini Arhant

Special Acknowledgment – President Jimmy Carter North Korea Visit

By Padmini Arhant

The Nobel Peace Laureate, President Jimmy Carter is renowned for great accomplishments prominently the long lasting Peace Accord between Egypt and Israel at Camp David during his Presidency and the magnificent work through the internationally acclaimed humanitarian organization – Habitat for Humanity providing relief to millions in many areas around the world.

As the founder of Habitat for Humanity, President Jimmy Carter has elevated the living standards and survival rate of the significant population across the globe.

President Jimmy Carter has voiced his legitimate concerns and demonstrated through actions the urgency to heed to rationality than ‘Super Power,’ mentality in foreign policy and environmental issues.

Recently, the former President visit to North Korea in releasing the innocent American citizen, 31 year old Aijalon Gomes from Boston, Massachusetts - is commendable and praiseworthy.

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Padmini Arhant